Media General Q4 Revenue Up 40%

By Merrill Knox Comment

In the fourth quarter of 2012, Media General reported total revenues of $108.7 million, an increase of 39.5% from the year-ago quarter.

Media General reported an operating income of $42.3 million and a net income of $17.6 million for the quarter, both significant year-over-year increases. Cable and satellite retransmission fees were up 84% to $9.9 million.

“Record political advertising was $30 million. Core local and national advertising revenues, excluding political, increased 4%,” Media General president-CEO George L. Mahoney said in a statement. “Media General was particularly well positioned to maximize political advertising opportunities, with six of our stations located in four of the key battleground states.”