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Exhibit 99.1
CONTACT:
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American Community Newspapers |
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or |
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Brainerd Communicators |
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Dan Wilson |
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Corey Kinger (Investors) |
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dwilson@acnpapers.com |
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kinger@braincomm.com |
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972.628.4082 |
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212.986.6667 |
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Joe LoBello (Media) |
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lobello@braincomm.com |
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212.986.6667 |
AMERICAN COMMUNITY NEWSPAPERS INC. REPORTS 2007
FOURTH QUARTER AND YEAR EARNINGS RESULTS
DALLAS, TX – March 11, 2008 – American Community Newspapers Inc. (AMEX: ANE) (“ACN”) today reported financial results for the fourth quarter and year ended December 30, 2007. Comparisons are made on a pro forma basis to the 2006 fourth quarter and full year results as ACN (formerly Courtside Acquisition Corp.) had no prior year reported operating results due to its acquisition of an operating company on July 2, 2007.
2007 Fourth Quarter Pro Forma Performance:
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Total revenue was $17.6 million, down 4.5% from pro forma total revenue of $18.5 million in the prior year quarter. The decline was primarily due to the soft advertising environment, specifically at ACN’s Minneapolis-St. Paul cluster. Excluding the Minneapolis-St. Paul cluster, total revenue was up 0.8%. In addition, ACN faced difficult year-over-year comparisons. In the fourth quarter of 2006, ACN delivered organic revenue growth of 6.4% in its then owned publications, while the newspaper industry experienced a revenue decline of 2.2%, according to the Newspaper Association of America during this same period. |
The following information was filed by American Community Newspapers Inc. (ACNI) on Tuesday, March 11, 2008 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.
View differences made from one year to another to evaluate American Community Newspapers Inc.'s financial trajectory
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ACNI Annual Reports
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10-K Annual Report March 2008
- 10-K Annual Report March 2008
Material Contracts, Statements, Certifications & more
American Community Newspapers Inc. provided additional information to their SEC Filing as exhibits
SEC Filing Exhibit
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Ticker: ACNI
CIK: 1321544
Form Type: 10-K Annual Report
Accession Number: 0000950136-08-001617
Submitted to the SEC: Fri Mar 28 2008 4:54:45 PM EST
Accepted by the SEC: Fri Mar 28 2008
Period: Sunday, December 30, 2007
Industry: Newspapers Publishing Or Publishing And Printing
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