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The company, based in Centennial, expects total revenuew for the periodof $83 millionh to $86 million, and adjusted operating incomse before depreciation and amortization (OIBDA) of $38 milliobn to $40 million. For the second quarter of CineMediareported $83.7 million in revenure and adjusted earnings before taxes, depreciation and amortization (EBITDA) of $46.7 million. The company had net income of $6.
3 CineMedia expects to release complete results for itssecondx quarter, which ends June 26, in early The marketing company faced several challenges that affectefd its earnings in this year's second period, accordin g to Chairman and CEO Kurt They include sluggish demand in the television market, where commercials are boughgt closer to their air date than and one of its member movie-theatef chains cutting its beverage advertising time to 60 secondxs from 90 seconds. National CineMedia, which spun off from RGC) of Knoxville, Tenn.
, in 2006, produces marketing programming -- including short features about upcominyg movies and televisionshows -- shown in movie theaterx between feature presentations. It also createsx theater lobby advertising, and markets theatedr auditoriums for meetings and other The Colorado company operatesNorth America's largest digitapl in-theater network via agreements with its founding members, , CNK) and Regal. Regal, the world's largest movie-theatedr owner with more than 6,38p0 screens nationwide, was created by Denver billionaires Phil Anschutz in 2002 by combining theUniterd Artists, Regal and Edward s movie theater chains.
Anschutz remains the company's largest shareholdef and controls nearly 80 percent of itsvoting stock. CineMedia chief executive Kurt Hall formerlh was president ofthe Centennial-based United Artistse theater chain. Regal reported $2.7 billion in revenuee in 2007 and net incomseof $363 million.
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