Premiere Blames Loss on Station Start-Up Costs
Premiere Radio Networks Inc., a Sherman Oaks producer of syndicated radio programming, reported losses for its latest second quarter and six-month period.
It said it had expected the losses because of costs of starting up its first radio station, KZDG-FM in Denver.
Premiere’s second-quarter loss was $43,185, in contrast with a year-earlier profit of $346,244. Its revenue edged up to $2.58 million from $2.54 million.
For the six months, Premiere lost $325,843, while its revenue remained flat at $4.5 million. In the first half of 1992, the company earned $552,727.
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