Tweet

Barrington Net Revenue Up 7.2% In Q4

Operating agreement with Tucker boosts bottom line

By Michael Malone -- Broadcasting & Cable, 3/17/2009 10:33:27 AM

Barrington Broadcasting reported fourth quarter net revenues of $32.5 million, up 7.2% from the previous year's fourth quarter. Gross revenues for the quarter were $38.1 million, 7.6% better than the same quarter the year before.

The increases were due in part to an upsurge in political revenue and Barrington's operation of Tucker Broadcasting's Traverse City duopoly WGTU and WGTQ, which commenced April 1, 2008. Local revenue was down 16.2% in the quarter, while national dropped 22.5%.

Net revenues for the full 2008 were up 6.1% to $119.4 million, and gross revenues for the year were up 6.2% to $139.8 million.

"In the fourth quarter, Barrington benefited from year over year incremental political revenues which offset the increased weakness in local and national advertising as a result of the state of the economy," said Barrington CEO K. James Yager. "We have increased our sales presence in our markets and we continue to focus on a more efficient cost structure by seeking to constantly optimize station-level operations."

Tweet

Talkback

» Submit Feedback

• Barrington Broadcasting, like many other companies, has fired dozens of employees in the past few months, downsized its workforce over 10 percent in 2008, and has recently shut down one of its 21 remaining news operations. While revenue in Q4 may be up due to political ads (and that is questionable in Barrington's case based on the millions its equity partner poured in months ago to keep Barrington afloat) Barrington is nonetheless carrying a debt ratio of over 10-to-1, and has a posted negative credit score with all leading agencies.

  
  Anthony Becchio - 3/17/2009 6:41:28 PM EDT
» Submit Feedback

Related Content

• Topics
• Author
• Most Popular Pages

No related content found.

Also by this author

• Stations Find a 'Friend' in Social Media

• Market Eye: Raising Arizona

• Tribune's WSFL Rebrands in Miami

• Robbins Takes Over as GM at KIII Corpus Christi

• WPMI Mobile GM Dunn Has Died

Also by Michael Malone

Most Popular Pages

No Top Articles

• Resource Center
• Browse Categories
• Browse Companies

Featured Company

• Parks Associates

  

  Parks Associates is an internationally recognized market research and consulting company specializing in emerging consumer technology products and services. Founded in 1986, Parks Associates creates research capital for companies ranging from Fortune 500 to small start-ups throug..more

---

Most Recent Resources

• The New Normal for Promoting Tune-in
• Infrastructure Design for High Volume Video Workflows
• Mobile Media Strategies That Work
• Multi Format Encoding for Efficient Content Repurposing
• The CIOs Guide to Videoconferencing Security Keeping Pace with th..