CBMJ Subsidiary Patriot.TV Grows Revenue by Over 400%, Upgrades Technology, While Reducing Liabilities by 14%

VENICE, FL / ACCESSWIRE / May 23, 2024 / Conservative Broadcast Media & Journalism (CBMJ) has announced a significant improvement in its financial position during Q-1 2024. The company posted a revenue gain of 409%, rising from $94K in Q-1 2023 to $384K in Q-1 2024, with an operating margin of 50%.

The impressive revenue increase and a mild loss per share of ($.03) occurred alongside a 14% reduction in liabilities. Non-cash expense items, including stock-based compensation, amortization, and depreciation, constituted 74% of total expenses. The enhancements in financial metrics are mainly attributed to the successful launch of Patriot.TV, CBMJ's flagship streaming service.

Additionally, CBMJ has upgraded its platforms' technology and production capabilities with infrastructure investments. Following the departure of Brannon Howse on May 16, 2024, daily operations will be overseen by industry veterans Marc Garabedian and Anni Cyrus. Garabedian, the new COO, will manage technology, advertising, and operations while Cyrus will direct content production through show hosts and social media.

Garabedian's career in the media industry spans over four decades, distinguished by visionary leadership and strategic partnerships. CEO Mark Schaftlein expressed enthusiasm about the new appointments, emphasizing their role in further developing the conservative streaming media platform.