Dick Clark Productions Shows Decline in Profits

Dick Clark Productions Inc., a Burbank producer of television programs, said its profit for the fiscal third quarter that ended March 31 was $2.93 million, down 27% from $4.04 million in the third quarter last year. Revenues were $16.2 million, down 17% from $19.5 million in same period last year.

For the nine months, the profit was $3.5 million, down 24% from $4.6 million last year. Revenue in the first nine months was $34.5 million, down 25% from $45.9 million a year earlier.

The company attributed the quarterly and nine-month results to a decrease in the number of television specials it produced, specifically onetime anniversary and tribute specials, which boosted revenues last year but were not repeated this year.