ABC O&O Sales May Plunge

Apr 27, 2009  •  Post A Comment

Revenue from ABC’s 10 owned-and-operated television stations may plunge 30% in the first quarter, hurt by spending cuts by U.S. automakers, MediaPost says, citing a report from UBS. The UBS report predicts it’s unlikely sales at the stations will improve this year, with revenue likely to decline 25% in each of the next two quarters, the publication says.
—Aimee Picchi

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