Meredith Corporation reported a +26% increase in local media group revenues for the fiscal first quarter of 2013, the company announced Thursday.
Net political advertising revenues were $12 million, a record high for a fiscal first quarter. Non-political advertising revenues increased +5%. All of Meredith’s markets grew in both revenues and operating profit.
“We are focused on keeping the momentum going in non-political advertising revenues, along with maximizing our political advertising opportunity this election cycle,” Local Media Group president Paul Karpowicz said in a statement.
The company also said three of its stations — KPHO in Phoenix, KPTV in Portland, Ore. and WHNS in Greenville, S.C. — grew substantially in ratings during the July ratings period.