Friday, November 14, 2008

4th quarter report out

The results of the (preliminary) 4th quarter report:
  • Net profit fell 73 percent
  • Net income was $5.4 million, down from $20 million a year ago
  • Revenue fell 13 percent
  • Advertising revenue dropped 15 percent
Watch out, folks. CEO Mary Junck said the company plans to reduce next year's operating expenses by 6 to 7 percent.

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