LIN Media, owner of Terre Haute CBS/Fox affiliate WTHI-TV, reported its third quarter figures today, and the numbers showed a 36% gain in net revenue to $133.1 million, compared to $97.8 million in the third quarter of 2011.
Net political revenues were $20.4 million, compared to $2.3 million in the same period last year. Local revenues, which include net local advertising revenues, retransmission consent fees and TV station website revenues, increased 17% to $73 million; net national revenues increased 11% to $26.1 million; and operating income increased 117% to $44.4 million, compared to $20.4 million in the third quarter of 2011.
"LIN Media delivered another impressive quarter of financial results reflecting strong growth in all major revenue streams, which contributed to the highest third quarter revenue and EBITDA in our history as a public company," said company CEO Vincent Sadusky. "In addition to record political spending on our leading local news stations, local revenues increased 17% and interactive revenues were up 60% from the prior year.
"Looking forward, our long-term strategy and the increased demand for our innovative multimedia advertising solutions position us well for the remainder of 2012 and beyond," Sadusky added.
LIN's full report can be read here.
Net political revenues were $20.4 million, compared to $2.3 million in the same period last year. Local revenues, which include net local advertising revenues, retransmission consent fees and TV station website revenues, increased 17% to $73 million; net national revenues increased 11% to $26.1 million; and operating income increased 117% to $44.4 million, compared to $20.4 million in the third quarter of 2011.
"LIN Media delivered another impressive quarter of financial results reflecting strong growth in all major revenue streams, which contributed to the highest third quarter revenue and EBITDA in our history as a public company," said company CEO Vincent Sadusky. "In addition to record political spending on our leading local news stations, local revenues increased 17% and interactive revenues were up 60% from the prior year.
"Looking forward, our long-term strategy and the increased demand for our innovative multimedia advertising solutions position us well for the remainder of 2012 and beyond," Sadusky added.
LIN's full report can be read here.
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