SMI reports Q2 losses

SMI today reported a $22.1M loss from continuing operations in Q2, citing losses for Motorsports Authentics. Revenues for the period were $191.9M, down from $212.8M for the year-ago period (SMI). For the first six-months of '09, SMI reported an 11.6% year-to-year drop in revenues to $325.4M, down from $368M, citing the "recession, overhead and interest expenses associated with Kentucky Speedway" for the decrease SCENEDAILY.com