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Jefferson Pilot Reports 3Q Results

Jefferson Pilot Reports 3Q Results

Jefferson Pilot Corp. is reporting good news for the company’s third quarter. For the first nine months of this year, Jefferson Pilot’s operating earnings of $2.24/share were 6 percent above operating earnings during the same period last year. Total earnings per share for the third quarter, including realized investment gains, increased 5 percent to $0.87 in the third quarter of 2000. Year to date, total earnings of $2.70 per share are 6 percent above earnings per share for the same period last year.

All per-share results are on a diluted basis and reflect a three-for-two stock split that was completed April 9.

The company reports broadcast cash flow for the quarter was down — $16.2 million vs. $21.1 million at year-earlier levels. Year to date, communications earnings were reported at $23.7 million, vs. $27.7 million in the third quarter of 2000.

Jefferson Pilot Communications Co. owns and operates 17 radio stations, three network TV stations and produces and syndicates sports programming.

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