WIC'S NET INCOME DECLINES
By Adnews Staff
WIC Western International Communications is blaming its drop in net income for the nine months ending May 31 on severance payments, acquisition costs and higher production costs for hockey broadcasting. Net income for the company was $13.5 million, compared to $18.5 million a year earlier. Revenues were up from $328.5 million to $352.5 million. For the third quarter, net income was $7.7 million, up from $6.9 million last year. Revenues increased from $112.7 million to $124.4 million.
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