Q3 Earnings: Lin TV Net Revenue Up 36%

By Merrill Knox 

Lin TV Corp. reported $133.1 million in net revenue for the third quarter of 2012, a +36% increase compared to the year-ago quarter.

The company had $20.4 million in net political revenues this quarter. Local revenues, which include net local advertising revenues, retransmission consent fees and station web site revenues, increased +17% to $73 million, compared to $62.3 million int he third quarter of 2011.

“In addition to record political spending on our leading local news stations, local revenues increased 17% and interactive revenues were up 60% from the prior year,” Lin TV president and CEO Vincent L. Sadusky said in a statement. “Looking forward, our long-term strategy and the increased demand for our innovative multimedia advertising solutions position us well for the remainder of 2012 and beyond.”