LIN TV Beats Q4 Expectations

By Andrew Gauthier 


Media company LIN TV Corp posted better-than-expected quarterly results, helped in part by a rise in revenue at its digital segment, and forecast first-quarter revenue above market view, sending its shares up 16 percent to their highest levels in two years.

LIN TV, which operates network-affiliated broadcast television stations in the United States, forecast first-quarter revenue of $90 million to $93 million.

Analysts on average were expecting revenue of $88.7 million for the period, according to Thomson Reuters.

“We are encouraged by early signs of economic recovery during the fourth quarter of 2009,” Chief Executive Vincent Sadusky said. More…