ABC O&O Revs Expected To Plummet 30%

This is an archived article and the information in the article may be outdated. Please look at the time stamp on the story to see when it was last updated.

Two months ago, Disney said revenue at the 10 ABC owned-and-operated local stations plunged 15% at the end of 2008. Now the drop could be even steeper for the first three months of 2009, according to projections issued Friday by UBS.

A report by the Wall Street firm predicted that revenues could be down 30% in the January-March period, likely driven by declines in spending by the large U.S. automakers. The drop would place revenue at $151 million for the quarter.

Read the rest at MediaPost 

blog comments powered by Disqus