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

Q2 Earnings: Journal’s Television Revenue Rises 22.5%

Journal Communications reported $43 million in revenue from television stations during the second quarter of 2013, up 22.5% (6.9% on a same-station basis) from the year-ago quarter, excluding political revenue.

Political advertising revenue dropped from $5.2 million in Q2 2012 to $0.2 million in the non-election year. Local and national advertising revenue, excluding political, were up 43.2% and 31%, respectively. On a same-station basis, local ad revenue was up 6.8% and national ad revenue declined 1%.

Operating earnings from Journal’s television station groups were $8.5 million, a decrease of 2.2% on the year-ago quarter (48.2% on a same-station basis). Both declines were due to “the loss of high-margin political revenue in 2013,” according to the company’s press release. Operating expenses increased 30.6%, (4.9% on a same-station basis), excluding acquisition costs, due to increases in network fees and employee-related costs.

Mediabistro Course

Get $25 OFF Podcasting

PodcastingStarting July 31, learn how to develop and create your own podcast in just a a matter of weeks! In this course you'll learn how to determine the goals of your podcast, pinpoint your concept, contact and book guests, distribute and market your podcast and more. Get $25 OFF with code CLASS25Register now!