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

Meredith Local Media Revenue Up 10% in Q1

Revenues for Meredith’s Local Media Group rose 10 percent to $85 million in the first quarter of 2013. Operating profit was $24 million compared to $23 million during the year-ago quarter.

“We’re pleased to have delivered another quarter of revenue and operating profit growth,” said Local Media Group president Paul Karpowicz said in a statement.

Non-political advertising revenues were $66 million, a slight decrease on the prior-year period. Political revenues were also down, as is expected in a non-election year. Growth was strong in the automotive, retail and furnishings categories. The company also reported an increase in other revenues and operating expenses due to growth in retransmission revenues.

Mediabistro Course

Writing the TV Pilot

Writing the TV PilotDevelop and pitch a TV series that will wow producers! Starting September 16, you'll learn how to develop your own television pilot idea, express it as a logline, structure the pilot, write a professional outline, and pitch the pilot idea. Register now!