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Obie profits up 14%

Published on .

Obie Media Corp., Eugene, Ore., said net income for the second quarter, ended May 31, rose 14% from a year ago to $434,852. Gross revenue for the outdoor advertising company doubled to $10 million. Net income for the first half jumped 60% to $870,732, as gross revenue climbed 89.9% to $17.4 million. "Our acquisition of P&C Media and expansion into Canada, which occurred the last half of 1998, contributed significantly to the quarter," said Chairman-CEO Brian B. Obie.

Copyright June 1999, Crain Communications Inc.

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