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Marvel raised its forecast for 2004 net income to $105 million to $111 million, or 92 cents to 97 cents a share Net sales in the first half of 2004 were $277 In 2005, two movies based on Marvel comics will open: "Electra" starring Jennifer Garner, and "Fantastic Four," with Michael Chiklis Marvel shares dropped $2 8 million, or 66 cents per share, in the first half of 2003 5 million in the second quarter 4 million, or 52 cents per share, compared with earnings of $73 34 a share, on sales of $348 million in 2003 It previously expected to earn $102 million to $108 million, or 89 cents to 94 cents a share Wall Street had on average expected the company to earn 19 cents a share, according a survey by Thomson First Call In Marvel's licensing segment, sales declined 13 percent to $49 3 million Marvel also lowered its 2004 sales forecast for Spider-Man toys to $160 million to $170 million, down from its initial estimate of $175 million to $200 million Sales rose 73 percent to $155 24 Thursday afternoon on the New York Stock Exchange However, the company's tax rate doubled to 32 percent due to the loss of tax credits In the first half of the year, Marvel had net income of $60 The New York-based comic book publisher and marketer said it earned $29 5 million from $90 million a year ago 6 million, and toy sales increased fivefold to $84 The range of toys and other products related to "Fantastic Four" will be very broad, executives said 1 million, or 25 cents a share, for the period ended June 30, compared with $32 Publishing sales rose 11 percent to $21 8 million, or 28 cents a share, a year earlier 26, or 15 percent, to $13 Marvel Earnings Decline 11 Percent Jul 29, 2:26 PM EST Marvel Enterprises Inc 8 million, up from $177 The company said it still expects to post 2004 sales of $448 million to $468 million 3 million Marvel earned $152 million, or $1 , the home of Spider-Man, Thursday said its second-quarter profit declined 11 percent from a year ago despite healthy gains in its toy segment com FCC Reaches Settlement With Clear Channel Jun 9, 7:47 AM EST The Federal Communications Commission has reached a nearly $2 million settlement with Clear Channel Communications to resolve a number of indecency complaints that include shock jock Howard Stern, according to published reports , when children may be tuning in The agreement also would cover any and all outstanding listener complaints lodged against Clear Channel, including dozens of cases that haven't even been reviewed yet, according to reports in Wednesday editions of The Washington Post and The New York Times Similar legislation is pending in the Senate fcc Telephone calls to several FCC officials late Tuesday were not returned The agreement, which could be announced as early as Wednesday, would settle fines proposed by the agency for sexually explicit remarks Stern made in an April 2003 broadcast m Federal law bars radio stations and over-the-air television channels from airing references to sexual and excretory functions between 6 a San Antonio-based Clear Channel, the nation's largest owner of radio stations, also canned Stern from six of its 1,200-plus stations after the FCC proposed fines of $495,000 for his April show As part of its stepped-up enforcement of indecency regulations, the commission for the first time cited a broadcaster for multiple violations in a single broadcast rather than simply issuing a single fine for an entire show gov Clear Channel Communications: http://www â€â€?â€â€?â€â€? On the Net: Federal Communications Commission site: http://www The maximum fine for breaking indecency laws is $27,500 for each violation, but the House has voted to raise the cap to $500,000 and to require the FCC to consider revoking a broadcaster's license after three indecency violations Clear Channel fired DJ Todd Clem over the incident The settlement, estimated at about $1 and 10 p clearchannel The rules do not apply to cable and satellite channels or satellite radio m 75 million, would be the largest ever negotiated by the FCC and a broadcaster, the newspapers said It would be on top of a $755,000 fine that Clear Channel agreed to pay earlier this year for graphic discussions about sex and drugs aired on the "Bubba the Love Sponge" program |
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