| Business Summary | | The
Ackerley
Group,
Inc.
is
a
diversified
media
and
entertainment
company
that
is
engaged
in
outdoor,
broadcasting
and
interactive
media.
The
Ackerley
Group
operates
the
outdoor
media
company,
AK
Media,
with
positions
in
Massachusetts,
Washington
and
Oregon.
The
Ackerley
Group
owns
or
operates
under
management
agreements
18
television
stations
reaching
6.3%
of
United
States
television
households.
The
radio
broadcasting
segment
includes
stations
that
offer
a
variety
of
programming
formats.
Through
its
Interactive
Media
segment,
the
company
operates
a
series
of
local
portals
connecting
its
television
viewers
with
the
Internet
to
bring
them
the
latest
in
local
and
national
news.
The
Company's
venture
arm,
Ackerley
Ventures,
strategically
invests
in
technologies
that
enhance
the
Company's
core
operations.
The
Company
sold
its
Seattle
SuperSonics
NBA
franchise,
along
with
its
interests
in
the
Seattle
Storm
WNBA
team
and
its
Full
House
Sports
&
Entertainment
division,
in
April
2001. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | The
Ackerley
Group
is
an
entertainment
company,
primarily
engaged
in
television
and
radio
broadcasting,
and
outdoor
and
interactive
media.
For
the
six
months
ended
6/30/01,
net
revenues
fell
6%
to
$100.4
million.
Net
loss
from
continuing
operations
totaled
$22.4
million,
vs.
an
income
of
$164.4
million.
Results
reflect
lower
sales
of
dot-com
and
automotive
advertising.
Net
loss
reflects
the
absence
of
$280.6
million
in
gains
on
the
sale
of
the
Florida
operations
and
television
station
KCBA
in
California. | More
from
Market Guide: Significant
Developments |
| | | | FY2000 Pay | |
| Barry Ackerley, 66 Chairman,
CEO | $979K | Gail Ackerley, 63 Co-Chairman,
Co-CEO | 414K | Christopher Ackerley, 31 Pres,
Director | 490K | Kevin Hylton, 44 CFO,
Sr. VP, Assistant Sec. | -- | Dollar amounts are as of 31-Dec-2000 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|