Journal Communications TV Revenue Up 76% in Q4


By Merrill Knox Comment

Journal Communications reported television revenue increased to $55.8 million in the fourth quarter of 2012, a increase of 76.2% compared to the year-ago quarter.

The company reported $19.9 million in political revenue for the quarter compared to $700,000 in the fourth quarter of 2011. On a same-station basis excluding political advertising, total revenue was flat and local revenue decreased 3.1% due to the crowding-out effect of political ads. National revenue increased 6%.

“Journal Communications posted excellent results in the fourth quarter with consolidated revenue of $124.5 million, up 31%, led by record political spending in the Broadcast group,” Journal Communications chairman and CEO Steven J. Smith said in a statement.