That post was somewhat unclear. What I took it t
Post# of 45510
Posted On: 03/26/2013 10:54:50 AM
That post was somewhat unclear. What I took it to mean was that it was profitable for PNCH at 5 airports -- so net revenue. It wouldn't make sense for CC not to pay for PNCH's share for content/ads until 5 airports are up and running. What would make sense is that based upon projected revenues, minus production costs to PNCH, 5 airports would be breakeven. Or 4 airports would be breakeven, and #5 would be cash flow positive.
Anyway, that was my initial take on Steve's statement.
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