ABC Net Up 1% in Quarter But Down 4% in First Half
American Broadcasting Cos. said its profit edged up 1% in the second quarter but fell 4% for the first six months of the year.
The company, which is in the process of merging with Capital Cities Communications, said net income for the three months ended June 29 totaled $73.1 million, compared to $72.45 million in the same period last year.
Revenue rose 0.2% to $856 million from $854 million.
For the first six months of the year, ABC said net income totaled $92.5 million, up from last year’s $96.3 million.
For detailed data and results of other companies, please see tables,Page 12.
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