Q3 Earnings: Fisher TV Revenue Increases 13%


By Merrill Knox Comment

Fisher Communications reported television segment revenue of $36.4 million on Thursday, an increase of +13% from $30.5 million in the third quarter of 2011.

The company reported a +285% increase in political ad revenue — $6.3 million for Q3 2012 compared to $947,000 for Q3 2011. Net television revenue, excluding political revenue, increased +5; television cash flow increased +55%.

“Fisher’s positive momentum continued throughout the third quarter, led by the strength of our stations, strong political spending and new retransmission agreements,” Fisher president and CEO Colleen Brown said in a statement. “Our stations delivered audience share and revenue growth, as we continue to leverage the company’s key set of multiplatform offerings to our competitive advantage.”