With Boost From Online Advertising and Retrans Fees, LIN Reports 1% First Quarter Increase

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By Andrew Gauthier Comment

LIN TV, which manages 32 stations in 17 markets across the country, announced today that its net revenue for the first quarter was $92.6 million, up 1% from the same period last year.

“We delivered another strong performance in the first quarter, in spite of significant uncertainty that continues to weigh on the economy,” said LIN president and CEO Vincent Sadusky, in announcing the financial results.

Sadusky pointed to increased digital revenues, including internet advertising and retrans fees, as the major reason for why the company was able to see a slight boost during the first quarter while lacking the political advertising that it saw in early 2010.

LIN, which aggressively negotiated new retrans deals with DISH and Cox Communications last month, saw digital revenues increase 31% compared to the first quarter of last year.