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New Frontier recorded it lost $8.9 million, or 42 cents per share, on revenue of $12.6 million during its fiscal 2009 third quarter, which ended Dec. 31, 2008. During the comparable quarter a year earlier, New Frontier had a net loss of $3.1 million, or 13 cents per share, and revenue of $17.9 million. New Frontier officials said the company's film production segment was negatively impacted by the weakened economy and the company determined a goodwill valuation analysis was necessary. As a result, the company took an impairment charge of $10 million. Company officials said they remain optimistic about the film production side of the business, noting a couple of productions in the pipeline. Shares of New Frontier fell 5 cents, or 2.9 percent, to $1.65. To see more of the Daily Camera, or to subscribe to the newspaper, go to http://www.dailycamera.com. Copyright (c) 2009, Daily Camera, Boulder, Colo. Distributed by McClatchy-Tribune Information Services. For reprints, email tmsreprints@permissionsgroup.com, call 800-374-7985 or 847-635-6550, send a fax to 847-635-6968, or write to The Permissions Group Inc., 1247 Milwaukee Ave., Suite 303, Glenview, IL 60025, USA. For full details for NOOF click here.
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