New analysis of local television stations shows that revenues of U.S. broadcasters spiked by double-digit percentage increases in the second quarter.
Media investment firm New York-based M.C. Alcamo & Co. said big U.S. TV station groups had a 12.1% gain in revenue to $1.6 billion. This rise was led by Fisher Communications, which witnessed revenues climbing 27.7%; Meredith Broadcasting, 23.4% higher; and E.W. Scripps, up 22.4%.
Profit margins also gained for TV station groups — growing 5 percentage points on average, to 39% from 35%. More…