MUMBAI: Debut Broadcasting Corporation, Inc., a media and entertainment company, today announced a third-quarter net income of $100,326 on the strength of a 7% increase in top line revenue and a 35.7% reduction in operating expenses.The company continues to make progress on its reorganization strategy.
The company has been implementing a reorganization strategy intended to achieve profitability. That strategy included recent staffing improvement in sales, change in national representation firm, as well as new strategic alliances and products. Additional progress is anticipated during Q4.
“We are pleased to report continued progress in the 3rd quarter,” stated Chief Executive Officer Ronald Heineman. “Our restructuring, which began in February, has better aligned the business with the current choppy economic environment.” Heineman added, “We are confident that our recent personnel moves will prepare Debut for the future. I am also happy to report the acquisition of the radio broadcast station WNBV FM in Grundy, Virginia, which will add to our top line focus going forward.”
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