LIN Media Net Revenue Increases 76% in Q4

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By Merrill Knox Comment

LIN Media announced net revenues increased to $196 million in the fourth quarter of 2012 compared to $111.5 million in the fourth quarter of 2011, an increase of 76% on the year-ago quarter.

Net political revenues rose to $45.5 million, compared to $23.8 million in the fourth quarter of 2010 and $20 million during the same time period in 2008. Excluding political revenue, net revenues increased 39% to $150.7 million.

Local revenues, retransmission consent fees and television station web site revenues increased 45% to $101.4 million. Operating income increased 139% to $71.2 million.

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