Comcast shows 2nd-quarter lossComcast Corp., the cable TV...


August 12, 1994

Comcast shows 2nd-quarter loss

Comcast Corp., the cable TV operator which signed a deal this month to buy QVC Inc., reported a $12.9 million second-quarter loss yesterday, blaming new federal cable regulations.

The loss, which translates to 5 cents a share, compares with a loss of $17.1 million, or 8 cents a share, in the same period last year. Quarterly revenues were essentially flat -- $340.6 million vs. million a year earlier.

Comcast said its revenues were affected by "federal regulation of the cable industry." The Federal Communications Commission during the past year ordered average cable TV rate reductions of 17 percent.

Enviro-Industries gets city loan

The Baltimore Development Corp., the city's economic development arm, has closed on a $100,000 loan to Enviro-Industries Inc. that will be used to help the company expand its Northeast Baltimore plant. The company, which moved to the city from Baltimore County last year, manufactures generator, electronic and communication enclosures.

Allegheny Commuter, pilots agree

USAir Group Inc.'s Allegheny Commuter Airlines unit reached a tentative, four-year labor agreement with its pilots yesterday. The agreement will lead to a reduction of more than 50 percent in the number of the airline's pilots, the pilots' union said.

The agreement capped a 27-hour negotiating session called by a federal mediator after talks broke down Saturday. The talks, which began almost two years ago, have been under federal mediation since February.

Martin wins USDA contract

Martin Marietta Corp.'s Information Systems division in Beltsville has signed an $11.9 million contract with the U.S. Department of Agriculture to provide information processing and support services. The company will perform mainframe computer processing and other services for the Department of Education's Information Resource Management organization.

Wizards pact to MicroProse

MicroProse Software, a Hunt Valley-based computer game developer, has signed an exclusive agreement with Wizards of the Coast of Renton, Wash., to develop an personal computer version of "Magic The Gathering," a fantasy trading card game based on tales of wizards and spells. MicroProse will be developing both a stand-alone game and an on-line version that can be played by multiple players in different locations.

MicroProse is a division of Spectrum HoloByte Inc. of Alameda, Calif.


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