ROANOKE TIMES
Copyright (c) 1997, Roanoke Times
DATE: Friday, February 28, 1997 TAG: 9702280073
SECTION: BUSINESS PAGE: B-5 EDITION: METRO
Home Shopping Network Inc.
4th qtr. ended 12-31 1996 1995
Revenues $280.8 million $256.7 million
Net Income $6.4 million ($25.6 million)
Year ended 12-31
Revenues $1.01 billion $886.5 million
Net Income $20.6 million ($61.9 million)
Home Shopping Network in mid-December became part of HSN Inc., parent company of Silver King Broadcasting and SF Broadcasting. Because of the merger, fourth-quarter and full-year figures are for the Home Shopping Network division only and did not include per-share earnings.
Moovies Inc.
4th qtr. ended 12-31 1996 1995
Revenues $25.6 million $15.1 million
Net Income $576,000 $1.2 million
Share earnings 5 cents 14 cents
Year ended 12-31
Revenues $85.3 million $24.7 million
Net Income $2.3 million $1.8 million
Share earnings 22 cents 52 cents
Greenville, S.C.-based Moovies operates video-rental stores in Southwest Virginia.
Trigon Healthcare Inc.
4th qtr. ended 12-31 1996 1995
Revenues $473.4 million $427.1 million
Net Income $50.3 million ($2.8 million)
Share earnings 26 cents (30 cents)
Year ended 12-31
Revenues $1.86 billion $1.67 billion
Net Income $5.7 million $46.9 million
Share earnings 94 cents 11 cents
Trigon Healthcare, Richmond-based health insurance company, operated until Jan. 29 as Trigon Blue Cross Blue Shield, after which the mutual insurance company, owned by policyholders, became a public, shareholder-owned corporation. Pro forma information gives the effect of the demutualization as if it had occurred Jan. 1, 1995, the company said.
Westvaco Corp.
1st qtr. ended 1-31 1997 1996
Revenues $736.4 million $748.7 million
Net Income $21.6 million $40 million
Share earnings 35 cents 61 cents
Westvaco Corp. of New York, N.Y. operates a bleached paper-board mill in Covington and a plant in Low Moor that coats paper board with plastic.
*Figures in parentheses indicate a loss.
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