Acme Revenues Down 3% in Fourth Quarter
Still focused on "liquidating remaining assets"
By Michael Malone -- Broadcasting & Cable, 6/27/2012 4:51:46 PM
Continuing operations consist of KWBQ and KASY in Albuquerque-Santa Fe along with a satellite station in Roswell (KRWB), and The Daily Buzz, LLC.
Acme's net income for the fourth quarter of 2011 was $2 million, compared to a $5.3 million net loss for the fourth quarter of 2010.
"We continue to be focused on our exit strategy of liquidating our remaining assets," said Doug Gealy, Acme president and CEO, "and will continue to further reduce our corporate infrastructure."
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