Broadcasting & Cable
Revenue showed 15.3% growth in the first quarter among the major station groups, compared to the same quarter a year ago, reports the investment banking firm M.C. Alcamo & Co. Profit margins, meanwhile, jumped from 24% to 35% in the first quarter of 2010.
Leading the charge in revenue were Fisher Communications (24% growth), Nexstar Broadcast Group (24%) and LIN Media (23%), according to Alcamo, followed by Meredith and Washington Post Company, both at 20% growth in the first quarter.
“The Great Recovery of 2010 is underway, and in broadcasting, it is strong,” said President Michael Alcamo. More…