| Business Summary | | News
Communications,
Inc.,
formed
in
1986,
has
been
primarily
engaged,
through
its
subsidiaries,
in
the
publication
and
distribution
of
advertiser
supported,
community
oriented
newspapers
and
related
targeted
audience
publications.
The
Company
publishes
18
weekly
newspapers
through
six
offices.
The
community
newspapers
are
directed
at
specific
geographic
communities
and,
for
the
most
part,
are
distributed
free
of
charge
to
selected
residences
and
business
establishments
in
those
communities.
Each
publication
focuses
on
local
news,
entertainment,
politics,
social
issues,
lifestyle,
culture
and
arts
of
particular
interest
to
the
group
of
communities
at
which
it
is
directed.
Some
of
the
papers
publish
different
editions,
with
variations
in
editorial
content
and
advertising
that
are
distributed
to
each
community
in
the
targeted
group.
The
Company's
principal
source
of
its
revenues
is
the
sale
of
advertising
space
in
its
publications. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | News
Communications,
Inc.
publishes
and
distributes
advertiser-supported,
community-oriented
newspapers
and
related
targeted
audience
publications.
The
Company
publishes
18
weekly
newspapers
through
six
offices.
For
the
three
months
ended
3/31/01,
revenues
fell
15%
to
$3.3
million.
Net
loss
rose
66%
to
$1.4
million.
Revenues
reflect
the
softness
in
the
advertising
market.
Higher
loss
also
reflects
a
$400
thousand
in
asset
impairment
charge. | More
from
Market Guide: Significant
Developments |
| Officers | | | FY2000 Pay | |
| Jerry Finkelstein, 85 Chairman,
Pres, CEO | $95K | Paul Mastronardi, 41 CFO,
VP | 169K | Michael Schenkler, 55 Director;
Pres and Publisher of The Queens Tribune | -- | Wilbur Ross, Jr., 63 Publisher | -- | 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
|
|