TVNewser LostRemote AgencySpy PRNewser FishbowlNY FishbowlDC SocialTimes AllTwitter AllFacebook InsideFacebook InsideSocialGames InsideMobileApps

Journal Communications TV Revenue Up 76% in Q4

Journal Communications reported television revenue increased to $55.8 million in the fourth quarter of 2012, a increase of 76.2% compared to the year-ago quarter.

The company reported $19.9 million in political revenue for the quarter compared to $700,000 in the fourth quarter of 2011. On a same-station basis excluding political advertising, total revenue was flat and local revenue decreased 3.1% due to the crowding-out effect of political ads. National revenue increased 6%.

“Journal Communications posted excellent results in the fourth quarter with consolidated revenue of $124.5 million, up 31%, led by record political spending in the Broadcast group,” Journal Communications chairman and CEO Steven J. Smith said in a statement.

Mediabistro Course

Get $25 OFF Podcasting

PodcastingStarting July 31, learn how to develop and create your own podcast in just a a matter of weeks! In this course you'll learn how to determine the goals of your podcast, pinpoint your concept, contact and book guests, distribute and market your podcast and more. Get $25 OFF with code CLASS25Register now!