| Add to balance / Manage account | User: | Log out |
| Prospect News home > News index > List of issuers L > Headlines for LBI Media Inc. > News item |
LBI Media marks $485,000 of operating income for month ended Jan. 31
By Caroline Salls
Pittsburgh, March 5 – LBI Media, Inc. reported $485,000 of operating income for January on $8.31 million in net sales, according to its monthly operating report filed Monday with the U.S. Bankruptcy Court for the District of Delaware.
In comparison, LBI posted $3.19 million of operating income for the period of Nov. 21 through Dec. 31 on $13.74 million in net sales.
The net loss for January was $5.67 million, narrowing from a $4.19 million net loss for the December period.
The company had $4.19 million in cash and cash equivalents as of Jan. 31, the same as at the end of December.
LBI Media is a Burbank, Calif., owner and operator of Spanish-language radio and television stations. The company filed bankruptcy on Nov. 21 under Chapter 11 case number 18-12655.
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.