Champion Records Profit Gain on Lower Sales

Toney K. Adkins, President and Chief Operating Officer, noted, "Our second quarter continued to see pressure on our top line which reflected the continued fragile state of the economy in relation to our core businesses. Even with the revenue constraints we were able to record an improvement in operating income for the second quarter of 2010 over the prior year. Our profit improvement plan should continue to yield an improved cost structure in subsequent quarters of 2010."