Acme Communications Revenue Down 14%

By Andrew Gauthier 

Broadcasting & Cable

Acme Communications announced fourth quarter 2009 revenue of $6.8 million, a 14% decrease from the same quarter the year before. “The decrease was driven primarily by continued sharply lower advertising demand resulting in a 15% decrease in net revenues at our television stations,” said Acme in a statement. Revenues from its syndicated program The Daily Buzz were flat.

Total operating costs decreased 55% to $15 million for the fourth quarter, while station cash-based operating expenses decreased 12%, primarily on reduced promotion, barter program expense and compensation expense reflecting the company’s “continued efforts to reduce all discretionary costs in the face of a continued severe economic downturn.” More…