LIN Revenue Up 36% in Q3Sees even rosier revenue picture for fourth quarter 11/08/2012 11:00:03 AM Eastern
LIN Media announced third-quarter revenue of $133.1 million,
up 36% from the same quarter last year. Political advertising drove the strong
numbers, while LIN's core revenue increased 6% in the quarter.
Local revenues, which include retransmission consent fees, were up 17%, while
national revenues gained 11%. LIN's interactive revenues climbed 60% to $10.9
million in the quarter.
"LIN Media delivered another impressive quarter of
financial results reflecting strong growth in all major revenue streams, which
contributed to the highest third quarter revenue and EBITDA in our history as a
public company," said Vincent L. Sadusky, president and CEO. "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
LIN expects that net revenues for the fourth quarter of 2012
will increase in the range of 70% to 74% ($77.5 million-$82.5 million),
compared to the fourth quarter of 2011.