ACME: Q2 down, Q3 up

ACME Communications reported that net revenues from continuing operations, decreased 4% to 8.3 million for Q2, saying the drop reflects a 6% decline in station revenues on lower market revenues and station shares, partially offset by a 27% increase in net revenues at "The Daily Buzz." Broadcast cash flow decreased 40% to 761K. But there is good news ahead. CEO Jamie Kellner said he is encouraged by pacings for the rest of the year. ACME is predicting that Q3 will be up 4-6% and that BCF will be up as well.

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