The Lanham-based broadcasting company lost $7.6 million, or 9 cents per diluted share, compared with a loss of $388.1 million, or $3.93 per diluted share, for the same period in 2007.
Fourth-quarter revenue was $74.3 million, a slight drop from $74.8 million recorded a year earlier.
The company recorded a non-cash impairment charge against its Federal Communication Commission licenses, goodwill and other intangible assets of $85.3 million. That led to a net operating loss of $64.2 million.
Motivational Podcast by RFFocus.org CEO Kevin Ross - More Episodes HERE