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The company, based in Centennial, expectzs total revenue for the periodof $83 million to $86 and adjusted operating income befores depreciation and amortization (OIBDA) of $38 million to $40 For the second quarter of 2007, CineMedia reportesd $83.7 million in revenue and adjusted earninge before interest, taxes, depreciation and amortization of $46.7 million. The companyh had net income of $6.3 million. CineMedia expectse to release complete results for itsseconds quarter, which ends June 26, in early August.
The marketingg company faced several challenges that affected its earningss inthis year's second period, accordinb to Chairman and CEO Kurt They include sluggish demand in the television market, where commercials are boughrt closer to their air date than usual, and one of its membedr movie-theater chains cutting its beverage advertising time to 60 secondsz from 90 seconds. National CineMedia, which spun off from RGC) of Knoxville, Tenn., in 2006, produces marketinf programming -- including short features about upcoming movied and televisionshows -- shown in movir theaters between feature presentations.
It also creates theaterf lobby advertising, and markets theater auditoriums for meetings andothet events. The Colorado company operates North America'ss largest digital in-theater network via agreements with itsfoundinv members, , (NYSE: CNK) and Regal, the world's largest movie-theater owneer with more than 6,380 screens nationwide, was creates by Denver billionaire Phil Anschutz in 2002 by combining the Unitedx Artists, Regal and Edwards movie theateer chains. Anschutz remains the company's largest shareholderr and controls nearly 80 percen of its voting CineMedia chief executive Kurt Hall formerly was presiden ofthe Centennial-based United Artists theate chain. Regal reported $2.
7 billion in revenuer in 2007 and net incomesof $363 million.
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