ACME Communications Inc. reported Unaudited and Consolidated earnings results for the third quarter and nine months ended September 30, 2009. Net revenues from continuing operations decreased 21% to $6.7 million for the third quarter compared to net revenues of $8.5 million in the third quarter of 2008. The decrease was driven primarily by continued sharply lower advertising demand resulting in a 24% decrease in net revenues at company's television stations. Revenues at The Daily Buzz increased 5% for the quarter driven by broadening advertiser acceptance and support of the show. Adjusted EBITDA from continuing operations decreased to negative $739,000 compared to EBITDA of $73,000 for the third quarter of 2008 on lower broadcast cash flow and higher corporate expenses. Net loss for the third quarter of 2009 was $1.4 million or $0.09 per basic and diluted share compared to a net loss of $1.0 million or $0.07 per basic and diluted share for the third quarter of 2008. Operating loss for the quarter was at $1.056 million, an increase from $888,000 reported for the same period last year. Loss from continuing operations was at $1.434 million an increase from $1.033 million reported for the same quarter last year. For the nine-month period, company's net revenues for continuing operations decreased 21% to $20.0 million compared to net revenues of $25.3 million for the first nine months of 2008 on sharply lower advertising demand in five television markets. Adjusted EBITDA from continuing operations declined to negative $2.3 million from $289,000 and net loss decreased to $4.2 million or $0.26 per basic and diluted share compared to the 2008 nine-month period's net loss of $13.9 million or $0.87 per basic and diluted share. Operating loss for the period was at $3.30 million, a decrease from $15.472 reported for the same period last year. Loss from continuing operations was at $4.142 million an decrease from $13.905 million reported for the same quarter last year.

ACME Communications Inc., Q3 2009 Earnings Call, Nov-10-2009

ACME Communications Inc. announced unaudited consolidated financial results for the second quarter ended June 30, 2009. The company's net revenues from continuing operations decreased 21% to $6.9 million for the second quarter compared to net revenues of $8.7 million in the second quarter of 2008. The decrease was driven primarily by continued sharply lower advertising demand resulting in a 23% decrease in net revenues at television stations. Adjusted EBITDA from continuing operations decreased to negative $675,000 compared to EBITDA of $380,000 for the second quarter of 2008 on lower broadcast cash flow, offset somewhat by a 12% reduction in corporate expense. The company's net loss for the second quarter of 2009 was $1.2 million or $0.07 per basic and diluted share, significantly less than the $11.2 million net loss or $0.70 per basic and diluted share for the second quarter of 2008 due to the prior year aforementioned impairment charge. Operating loss was $0.97 million against $13.73 million a year ago. Loss from continuing operations, before income taxes was $1.04 million against $13.97 million a year ago. Loss from continuing operations was $1.11 million against $11.23 million a year ago. For the six-month period, the company's net revenues for continuing operations decreased 20% to $13.4 million compared to net revenues of $16.8 million for the first six months of 2008 on sharply lower advertising demand in five television markets. Adjusted EBITDA from continuing operations declined to negative $1.5 million from $216,000 and net loss decreased to $2.8 million or $0.17 per basic and diluted share from the 2008 six-month period's net loss of $12.8 million or $0.80 per basic and diluted share. Operating loss was $2.23 million against $14.58 million a year ago. Loss from continuing operations, before income taxes was $2.37 million against $14.91 million a year ago. Loss from continuing operations was $2.70 million against $12.87 million a year ago.