"Total Revenue -- $134.4 million, representing a 26% increase. Operating Loss -- $20.7 million, including a $26 million non-cash impairment charge related to FCC licenses. Operating Profit Excluding Impairment -- Over $5 million would have been recorded as operating profit if the non-cash impairment charge were excluded."
"Media Segment Revenue -- $45.8 million, down 32%; impacted mainly by lower political revenue. Media Segment Local Advertising Revenue -- Increased 4%, with a 3% decrease in monthly active advertisers offset by an 8% increase in revenue per advertiser. Media Segment Operating Loss -- $400,000 versus an $18.5 million operating profit, primarily due to the absence of political advertising revenue."
"ATS Segment Revenue -- $88.6 million, up 123%; sequential revenue grew 16% from Q3 to Q4. ATS Segment Operating Profit -- $12.3 million, up 464%; sequential operating profit grew 26% from Q3."
The company reported total revenue of $134.4 million, a 26% increase, though results included a $26 million non-cash impairment charge on FCC licenses. The media segment generated $45.8 million in revenue, down 32% primarily from reduced political advertising, though local advertising revenue increased 4% despite a 3% decline in active advertisers offset by 8% higher revenue per advertiser. The ATS segment demonstrated strong performance with $88.6 million in revenue, up 123%, and operating profit of $12.3 million, up 464%. The company implemented workforce reductions of 5% in back-office roles, generating $5 million in annualized savings. New initiatives included launching the Altavision multicast network and a programming partnership on WOTF-TV targeting the Puerto Rican audience in Central Florida.
Read at The Motley Fool
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