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Posts Tagged ‘retrans’

Gray Television Up 16% in First Quarter

Gray Television brought in $80.7 million for the first quarter of 2012, a 16% increase over the company’s total revenue from the same period last year.

The Q1 increase was driven by increases in retrans revenue and political advertising at the 36 stations Gray operates.

“A significant portion of our retransmission consent contracts expired on December 31, 2011,” the station group explained in its financial release, “and we were able to renew substantially all of these contracts under terms more favorable to Gray, which resulted in increased revenue in the first quarter of 2012.” Read more

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Sinclair Reports 23% Boost in Revenue on Strength of Retrans, Political Advertising

Sinclair Broadcast Group today reported financial results for the first quarter, announcing a 23% increase in revenue for the period.

Sinclair, which owns and operates, programs or provides sales services to 74 television stations across the country, brought in $192.2 million during the first three months of the year, compared to $156.0 million for the same period last year.

Sinclair’s strong quarter was driven by an increase in local broadcast revenues, which include local time sales and retrans revenues, and a boost in political advertising. Read more

CBS Station Revenue up 2% as Company Reports 80% Profit Increase Thanks to Retrans Fees

As CBS stations saw a slight increase in revenue for 2012′s first quarter, the company drew huge profits during the period thanks in part to an increase in revenue from carriage agreements.

CBS today reported an 80% increase in profit for the first quarter, which analysts attribute to the $60 million in retrans fees the company received from cable systems, nearly double the amount it received during the same period last year.  Not only did CBS receive a ton of carriage money from cable systems,  it also received a significantly bigger cut of the retrans fees its affiliates earn from cable providers.

Meanwhile, revenue at the CBS station group rose 2% during the first quarter. Read more