Q2 Earnings: LIN Media Net Revenues Rise 15%

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By Merrill Knox Comment

lin media logoLIN Media reported $188.8 million in net revenues during the second quarter of 2014, a 15% increase compared to the year-ago quarter. The company’s net broadcast revenues were also up 8% compared to the second quarter of 2013.

Operating income was $32.7 million in the second quarter, an increase of 22% year-over-year. Net digital revenues, net political revenues and local revenues were also up, while net national revenues were down and net core advertising revenues were flat.

“Our strong results were driven by continued growth of our digital media business, higher pay-television subscriber fees and a 3% increase in automotive advertising. We are making progress on our pending merger with┬áMedia General, and I am excited about the numerous opportunities for the combined company,” LIN Media president and CEO Vincent L. Sadusky said in a statement.

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