Acme Communications

The Santa Ana-based owner of nine television stations affiliated with the WB teen-oriented broadcast network posted a pro forma loss of $37.3 million, or $5.41 a share, for the third quarter, compared with a loss of $4.2 million, or 80 cents a share, a year ago. The results for the most recent quarter include a one-time compensation charge of $28.9 million related to the founders’ exchange of management units into Acme common stock. The company launched its initial public offering in late September. The most recent results also reflect Acme’s acquisition of four stations as if the stations had been operated as units of the company since Jan. 1, 1998. Revenue rose 29% to $15.8 million.