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Posts Tagged ‘Vincent L. Sadusky’

Q4 Earnings: LIN Media Net Revenue Down 6%

lin media logoLIN Media reported $183.9 million in net revenues for the fourth quarter of 2013, a 6% drop compared to the fourth quarter of 2012. Net political revenues were down significantly, from $45.5 million in Q4 2012 to $2.9 million in Q4 2013, in the non-election year.

Local revenues for the company, which include net local advertising revenues, retransmission consent fee revenues and station website revenues, were up 14% year-over-year for the quarter. Net national revenues and interactive revenues were also up, increasing 10% and 107%, respectively, compared to the fourth quarter last year. Operating income was down 61%.

“Significant growth of our digital media business and pay TV subscriber fees helped offset comparisons to the prior year
when we earned record political revenues. Excluding political revenues, we increased net revenues by 20% in the fourth quarter
and 35% for the full year,” LIN Media CEO Vincent L. Sadusky said in a statement. “Looking ahead, we are confident in the evolution of our company and our ability to capitalize on our recent acquisitions, this year’s non-presidential elections and the winter Olympics.”

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Q3 Earnings: LIN Media Net Revenues Up 23%

lin media logoLIN Media reported $163.1 million in net revenues for the third quarter of 2013, an increase of +23% on the year ago quarter.

Local revenues, including net local advertising revenues, retransmission revenues and station website revenues, were up +44% to $105.5 million. Net national revenues increased +26% to $32.8 million. Political revenues were down in the non-election year, as was operating income.

“We achieved another quarter of significant growth in revenues from our digital businesses and pay TV subscriber fees and our core time sales continue to gain momentum. Excluding record political revenues and our estimate of incremental Olympic revenues in 2012, core advertising revenues increased 3% on a same station basis in the third quarter,” LIN Media president and CEO Vincent L. Sadusky said in a statement.

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.”

Net Revenues For LIN TV Corp. Rise 37%

LIN TV Corp. reported net revenues of $141 million in the first quarter of 2013, a 37% increased on $103.2 million in the year-ago quarter.

Local revenues, which include net local advertising revenues, retransmission revenues and station website revenues increased 47% to $99.4 million. Net national revenues were also up to $29.5 million, a 28% increased on the year-ago quarter. As expected in a non-election year, political revenues were down.

“After achieving record results last year, ad revenue is off to a slower start in 2013. However, retransmission revenues and the continued growth and contribution of our digital business more than offset declines,” president and CEO Vincent L. Sadusky said in a statement.

Q3 Earnings: Lin TV Net Revenue Up 36%

Lin TV Corp. reported $133.1 million in net revenue for the third quarter of 2012, a +36% increase compared to the year-ago quarter.

The company had $20.4 million in net political revenues this quarter. Local revenues, which include net local advertising revenues, retransmission consent fees and station web site revenues, increased +17% to $73 million, compared to $62.3 million int he third quarter of 2011.

“In addition to record political spending on our leading local news stations, local revenues increased 17% and interactive revenues were up 60% from the prior year,” Lin TV president and CEO Vincent L. Sadusky said in a statement. “Looking forward, our long-term strategy and the increased demand for our innovative multimedia advertising solutions position us well for the remainder of 2012 and beyond.”