Gannett Co. announced this morning that its fourth quarter TV revenue was up 26% over the same period in 2009.
Overall, Gannett’s TV revenues were $220.2 million with $52.4 of that coming from political advertising. Non-political advertising, however, increased a respectable 1.2% in the quarter.
“Broadcasting had an outstanding year in terms of ratings, revenue, and profitability,” said Craig Dubow, chairman and CEO of Gannett, which owns stations in top markets such as Atlanta, Phoenix, Cleveland, and D.C.
“Without a doubt, Gannett today is a stronger company than it was at the beginning of 2010,” Dubow added.