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Meredith Revenue Up 10% on Strength of KPHO, KVVU, WSMV

Meredith today reported its fiscal 2012 third quarter earnings, announcing a 10% increase in total revenue during the period for its local media group, which consists of 12 stations around the country, including WGCL in Atlanta and KPHO in Phoenix.

Meredith’s local media group brought in $78 million during the period, with a 5% rise in non-political advertising revenue and a 70% increase in digital advertising.

“Our Local Media group is doing an excellent job of increasing ratings and translating them into advertising revenues, consistently ranking us among the leading station groups in advertising revenue gains,” Meredith local media group president Paul Karpowicz said in a statement.

Announcing its financial results for the third quarter, Meredith gave shout-outs to three of its strongest performing stations: KPHO, KVVU in Las Vegas, and WSMV in Nashville.

The Meredith press release is available here.

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