Gannett Q4 TV Revenue Up 46%

By Merrill Knox Comment

Gannett Co. reported $280.2 million of total television revenue in the fourth quarter of 2012, a 45.7% increase compared to the year-ago quarter.

The revenue growth was fueled by $91.2 million in politically-related advertising during the quarter. Retransmission revenues were $29.6 million, a year-over-year increase of 38.7%. Station digital revenues were up 4% compared to the year ago quarter, and for the full year, broadcasting revenue was up 25.4%.

“During the fourth quarter and for the full year, our Broadcasting business delivered
record revenue and profitability,” Gannett CEO¬†Gracia Martore said in a statement. “Our television stations significantly increased market share this year reflecting the value of their content and format in gaining new viewers while retaining their loyal base.”