LIN TV Corp. reported net revenues of $141 million in the first quarter of 2013, a 37% increased on $103.2 million in the year-ago quarter.
Local revenues, which include net local advertising revenues, retransmission revenues and station website revenues increased 47% to $99.4 million. Net national revenues were also up to $29.5 million, a 28% increased on the year-ago quarter. As expected in a non-election year, political revenues were down.
“After achieving record results last year, ad revenue is off to a slower start in 2013. However, retransmission revenues and the continued growth and contribution of our digital business more than offset declines,” president and CEO Vincent L. Sadusky said in a statement.
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