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.
The Meredith press release is available here.
- Sinclair Buys Nation's Largest Supplier of TV Transmission Towers
- Gannett Promises to Keep Same Market Stations Separate in Belo Acquisition
- Gannett Memo Tells Employees What to Expect with Belo Buy
- Former Eugene Meteorologist Takes a Swing at Sinclair, the FCC and KMTR