ACME Communications Inc. (ACME)

ACME Communications, Inc. and its subsidiaries engage in the ownership and operation of broadcast television stations in medium-sized markets in the United States. As of December 31, 2007, it owned and operated seven broadcast television stations. The company’s stations include KWBQ/19/20, KASY/50, and KWBR/21 in Albuquerque–Santa Fe, New Mexico; WBXX-20 in Knoxville, Tennessee; WBDT-26 in Dayton, Ohio; WIWB-14 in Green Bay–Appleton, Wisconsin; and WBUW-57 in Madison, Wisconsin. It also provides programming, which includes The CW Network prime time programming; The MyNetworkTV prime time programming; The CW Network weekday afternoon programming; Kids' WB! Saturday morning programming; syndicated programming; The Daily Buzz, a three-hour morning news program; and local programming. The company was founded in 1997 and is based in Santa Ana, California.

For the six months ended 30 June 2006, ACME Communications Inc.'s revenues rose 6% to $18.1M. Net loss from cont. ops. rose 12% to $2.9M. Revenues reflect higher sales from The Daily Buzz principally on higher licensing fees and increased share of market non-political advertising income. Higher loss reflects higher programming costs, including program amortization, increased selling, general & administrative expenses and higher corporate expenes.