Free Newsletter Subscription
        BNC All Access

Fisher Fourth Quarter Revenue Up 23%

Political spurs results, while core advertising was down

By Michael Malone -- Broadcasting & Cable, 3/1/2013 9:53:51 AM

Fisher Communications reported fourth-quarter TV net revenue of $46.7 million, up 23% over the same period the year before. Political advertising drove the growth. Excluding political, TV revenue was down 2%. Retransmission consent revenue increased 81% to $6.1 million. Fisher's TV cash flow increased 55% to $20.7 million.

Colleen Brown, Fisher president and CEO, said she was pleased with the fourth quarter results. "For the seventh consecutive year, Fisher broadcast stations grew core market revenue share reflecting the quality and value of our local brands, and validating the strength and execution of our strategic plan," she said. "As we begin 2013, we remain focused on building on our momentum and creating value for our shareholders."

Overall company revenues were $52.1 million, up 12% from $46.4 million. Radio net revenue was relatively flat at $5.5 million.

Seattle-based Fisher owns 13 full power and seven low power television stations and three radio stations.

Earlier this year, Fisher tapped Moelis & Co. to help it "explore and evaluate potential strategic alternatives intended to enhance shareholder value, which could result in, among other things, a possible sale of the company."

Talkback
Related Content

No related content found.

Also by Michael Malone

Most Popular Pages
    No Top Articles
Newbay Business Information Resource Center

Featured Company


Most Recent Resources

Advertisement
More Content
  • Blogs
  • Photos
  • Podcasts

Lindsay Rubino

BC Review

Editorial Assistant, B&C
March 1, 2013
TV Review: ABC's 'Red Widow'
ABC debuts new midseason drama Red Widow, about a woman whose late...
More

Andrea Morabito

BC Beat

Andrea Morabito
February 27, 2013
News Nets Punked By Fake Video
Is a pig rescuing a goat news? It turns out in this case, it wasn’t even...
More

AA 01 Benowitz Keynote

Schmooze Gallery: Advanced Advertising

View photos from B&C/Multichannel News' Advanced Advertising event, held on Feb. 27 at the Roosevelt Hotel in New York.
0304 01 Nat Geo Killing Lincoln_sm

Schmooze Gallery: March 4, 2013

View photos from recent industry events such as Nat Geo's premiere of Killing Lincoln and the 85th Academy Awards...
0225 04 Simon Baker Star_sm

Schmooze Gallery: February 25, 2013

View photos from recent industry events such as Style's upfront event and HBO's premiere screening of the Beyonce documentary Life Is But a Dream...



Advertisement
About Us   |   Advertising Info   |   Site Map   |   Contact Us   |   Affiliate Links   |   RSS
© 2013 NewBay Media, LLC. 28 East 28th Street, 12th floor, New York, NY 10016 T (212) 378-0400 F (212) 378-0470
Use of this website is subject to its Terms of Use | Privacy Policy