money last year, reports Bloomberg News.

For the year ended December 31, owner, operator and developer of television and radio stations in the emerging markets of central and eastern Europe, lost $30 million, or $1.55 per share, compared to an $18.7 million, or $1.28 per share, loss in 1995.

Year revenues were $136 million compared to $98.9 million while total station operating costs and expenses rose to $85.1 million from $52.5 million.

Operating income fell to $10 million from $22.3 million. In the fourth quarter, the company reduced its net loss to $2.9 million from $6.8 while operating income rose to $13.2 million from $7.7.

TELEVISION TV RADIO RAO