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

Q2 Earnings: Nexstar Revenue Rises 42%

Nexstar Broadcasting reported net revenue of $126.2 million for the second quarter of 2013, a 42% increase compared to the year-ago quarter.

Local and national core revenue was up 44% compared to the second quarter of 2012, with local revenues up 40.9% and national revenues up 51.8%. E-media revenues and retransmission revenues were also up significantly for the quarter, increasing 73.2% and 63.1%, respectively. Political revenues fell 69.5% in the non-election year.

“Nexstar’s growth and operating momentum is accelerating in 2013 and we remain confident that continued year-over-year growth in all of our non-political revenue sources in the second half of the year will result in record annual revenue and free cash flow,” Nexstar chairman and CEO Perry A. Sook said in a statement.

Mediabistro Course

Create Quick Video for the Web

Create Quick Video for the WebLearn how to shoot, edit, and encode online video! Starting October 4, write video scripts and story outlines, shoot and edit film, and broadcast your work on video-sharing sites like YouTube and Vimeo. Students will get hands-on experience with a Canon HDV camera and Final Cut in this course. Register now!