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Q1 Earnings: Tribune Broadcasting Revenues Up 67%

tribune broadcastingTribune Broadcasting revenues were $398.4 million in the first quarter of 2014, a 67% increase compared to the year-ago quarter.

The station group reported $55.6 million in retransmission revenues for the quarter, up 88% from Q1 2013. Advertising revenues were $304.3 million, up 1.2% year-over-year.

“In the first quarter of 2014 we demonstrated early signs of the strength of our new broadcast scale. As a consolidated business with the Local TV stations, revenues generated by  retransmission consent fees hit an all-time high for the Company,” Tribune CEO Peter Liguori said in a statement. “…We are also encouraged by the activity we are seeing in the political landscape and its prospects for advertising for the second half of 2014.”

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