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Broadcast Revenue Dips at Harris

Company plans more cost cuts

Harris Corp. this week reported a slight decline in broadcast revenue in its fourth quarter compared to a year prior, from $130 million to $128 million.

In its latest financial statement, the company said it plans more cost reduction actions in fiscal 2011.

Orders in the Broadcast Communications segment were $111 million in the fourth quarter, compared with the prior-year quarter of $127 million. Harris posted an operating loss for broadcast in the fourth quarter of $21 million.

“Operating results reflected continuing market weakness in the traditional U.S. broadcast market as well as increased investment to address new media and international growth opportunities,” it stated.

Among recent radio successes for Harris was a $9 million turnkey, high-power AM radio transmitter project for the Pakistan Broadcasting Corporation funded through USAID, and $4 million from the Korean Broadcasting System for high-powered AM radio transmitters.