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Q2 Earnings: LIN Media Net Revenue Up 36%

LIN Media reported a $164.3 million in net revenues during the second quarter of 2013, a 36% increase on the year-ago quarter.

Local revenues, including net local advertising revenues, retransmission consent fee revenues and television station website revenues, rose to $107.1 million, an increase of 44% compared to the second quarter of 2012. Net national revenues were also up 28% for the quarter.

In the non-election year, net political revenues decreased to $1.5 million from $7.6 million in Q2 2012. LIN Media president and CEO Vincent L. Sadusky said in a statement that the absence of political revenues will “negatively impact growth for the remainder of 2013.”

“Our results were driven by our recent television station acquisitions, higher pay TV subscriber fees and signficiant growth in our digital business, both organically and by adding HYFN and Dedicated Media to our portfolio,” Sadusky said. “…We will continue to remain focused on executing our strategy that has helped transform LIN Media into a more diversified, multimedia company with superior content and marketing solutions for every screen.”

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