LIN Media, which operates or services 32 network affiliates around the country, today reported a 15% increase in revenue for the first quarter, compared to the same period last year.
LIN TV stations brought in $103.2 million in net revenue during the first three months of the year, compared to $89.7 million during last year’s first quarter. Local revenue increased 16% to $67.7 million, and national revenue was up 4% to $23.1 million.
“2012 is off to a great start as a result of strong first quarter results and revenue increases in all areas of our business,” LIN president and CEO Vincent Sadusky said, announcing his company’s financial results.
Sadusky also mentioned the deal LIN recently struck to acquire the stations of New Vision Television.
“We continue to see the benefits of our long term strategy,” Sadusky said, “and we are excited about the potential opportunity to capitalize on numerous synergies that would result from our agreement with New Vision Television.”
When the New Vision deal closes, LIN will acquire the assets of 13 network affiliates and service five additional stations based on existing agreements.
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