Operations

The financial results for the Grass Valley Group since its inception as a privately held digital media company in September 1999 significantly exceeded expectations. Profitable in the six-month period ended March 31, 2000, the company enjoyed double-digit growth in orders over the same period last year. Sales during this period were $106 million with EBITDA of $7.2 million.

A major factor in this success was the enthusiasm with which customers received Grass Valley Group's next-generation digital media solutions. When customers have a choice about whom to partner with, they're choosing the Grass Valley Group. As a result, media leaders worldwide have placed millions of dollars in orders, including KABC-TV in Los Angeles, ESPN Regional Television, Australian Broadcast Corporation, and Zhejiang Television.