Q3 Earnings: LIN Media Net Revenues Up 23%

By Merrill Knox Comment

lin media logoLIN Media reported $163.1 million in net revenues for the third quarter of 2013, an increase of +23% on the year ago quarter.

Local revenues, including net local advertising revenues, retransmission revenues and station website revenues, were up +44% to $105.5 million. Net national revenues increased +26% to $32.8 million. Political revenues were down in the non-election year, as was operating income.

“We achieved another quarter of significant growth in revenues from our digital businesses and pay TV subscriber fees and our core time sales continue to gain momentum. Excluding record political revenues and our estimate of incremental Olympic revenues in 2012, core advertising revenues increased 3% on a same station basis in the third quarter,” LIN Media president and CEO Vincent L. Sadusky said in a statement.