New Frontier Earnings Down in Second Quarter

BOULDER, Colo. - New Frontier Media reported in its second quarter fiscal statements that earnings per share dropped to $0.09 for the quarter, compared to $0.15 per share for the same period last year. Revenue for the company dropped to $12.4 million for the quarter, down $3.8 million from the second quarter in 2006.

"On a consecutive quarter basis, we believe New Frontier Media is now returning to a growth trend both in terms of adjusted EBITDA and earnings per share," said New Frontier CEO Michael Weiner. "We believe that our newly announced distribution and programming contracts will provide us with continued and material growth as we move into the second half of the fiscal year."

New Frontier owns and operates cable/satellite/VoD distributor The Erotic Networks (TEN), and recently signed a broadcast deal with Penthouse that includes extension into the burgeoning IPTV market. The company also has content deals with Private Media Group, Digital Playground, Ninn Worx_SR and numerous other producers.

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