Gray TV reported preliminary results for the second quarter that it said exceeded its own forecasts. Gray will more completely describe its finances when it reports earnings Aug. 8, but it disclosed some preliminary results Monday. Q2 sales gained 1 percent from a year earlier to $76.2 million, it said. Broadcast operating costs gained 4 percent to $47.9 million, while it cut its corporate and administrative costs 11 percent to $3.4 million. Local ad sales gained 4 percent to $4.9 million while political ad sales fell 59 percent to $2.3 million. Retransmission consent revenue gained 8 percent to $5.1 million, it said.
The International Trade Administration is publishing notices in the Federal Register on the following AD/CV proceedings (any notices that announce changes to AD/CV duty rates, the scope, affected firms, or effective dates will be detailed in another ITT article):
The International Trade Administration has issued the final results of an antidumping duty new shipper review of certain frozen warmwater shrimp from Vietnam (A-552-802), which sets a zero AD cash deposit rate for Quoc Viet Seaproducts Processing Trading and Import-Export Co., Ltd. This rate, which is officially effective August 1, 2011, is expected to be implemented by CBP soon.
The International Trade Administration has issued its final results of interpretation for the scope of the antidumping duty order on petroleum wax candles from China (A-570-504), in which it determines that all novelty candles are within the scope of the order, with the exception of three candle types (birthday, utility, and figurine).
The International Trade Administration is initiating an antidumping duty changed circumstances review of stainless steel plate in coils from Belgium (A-423-808). The ITA is initiating the review to determine whether Aperam Stainless Belgium N.V. is the successor-in-interest to ArcelorMittal Stainless Belgium N.V. for purposes of determining AD duty liability. (ArcelorMittal's current AD duty rate is 6.57%.)
The International Trade Administration has issued the final results of its antidumping duty changed circumstances review of carbon and certain alloy steel wire rod from Mexico (A-201-830) in which it finds that ArcelorMittal las Truchas, S.A. de C.V. (AMLT) is the successor-in-interest to Siderurgica lazaro Cardenas las Truchas S.A. de C.V. (Sicartsa) and, thus should receive the same AD duty treatment as Sicartsa (AD duty rate of 1.26%). The rate, which is officially effective July 29, 2011, is expected to be implemented by CBP soon.
U.S. Customs and Border Protection has issued a CSMS Message informing the trade that the ACS ABI CATAIR document will have the "Description" field changed to include quota entries for PMS month designation, using the following language: "The numeric month (MM) when the entry summary will appear on the preliminary periodic monthly statement." For example, merchandise released in the month of June, will enter 07 (July) in the field. Quota entries should use the date of presentation instead of release date for determining the PMS month. (CSMS #11-000166)
The International Trade Administration is publishing notices in the Federal Register on the following AD/CV proceedings (any notices that announce changes to AD/CV duty rates, the scope, affected firms, or effective dates will be detailed in another ITT article):
Questions lingered Thursday after Nintendo of America said it’s slashing the price of the 3DS to $169.99 from $249.99 in the U.S., effective Aug. 12, shortly after parent Nintendo reported results for Q1 ended June 30 that were weaker than Q1 last year. It wasn’t clear why the price change won’t take effect for two weeks and how the change will impact sales of the $169.99 DSi XL and $149.99 DSi.
The Court of International Trade has ruled in Ocean Duke Corporation v. U.S., that the time limit to file suit for relief from enhanced continuous bond requirements that were applied to shrimp imports subject to AD/CV duties began when CBP required Ocean Duke Corporation to post the higher, enhanced bonds, and not when CBP denied Ocean Duke's requests to cancel them.