THE VIRGINIAN-PILOT
Copyright (c) 1995, Landmark Communications, Inc.
DATE: Tuesday, May 16, 1995 TAG: 9505160408
SECTION: BUSINESS PAGE: D1 EDITION: FINAL
TYPE: Daily Digest
LENGTH: Short : 22 lines
International Family Entertainment Inc. of Virginia Beach said a profit increase at The Family Channel and narrowing losses at the channel's British version helped push earnings up 19 percent in the first quarter to $3.1 million, or 8 cents a share. Revenues rose 17 percent to $62.5 million in the most recent period. IFE also said it will take a special charge against its second-quarter earnings to cover severance agreements. The company will pay at least $2.1 million to several key programming executives recently let go. A company executive said the net charge will equate to 3 or 4 cents a share. (Staff) by CNB