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Despite Retrans Gains For Both Companies, Revs Down 18% For Lin Broadcasting, Down 13% For Meredith Broadcasting

Oct 30, 2009  •  Post A Comment

TV station groups continue to struggle in this economy, with revenues down 18% and 13%, respectively, for Lin Broadcasting and Meredith Broadcasting.

Despite revenues for retransmission consent up 36%, Lin Broadcasting’s net revenues for the third quarter declined by 18% compared to third quarter 2008, B&C reports.

Similarly, over at Meredith Broadcasting it saw its revenue decline despite its retrans revenue nearly doubling in the quarter. For Meredith, the quarter was actually the first quarter of fiscal 2010, B&C reports.

Meredith’s revenue was off 13% compared to the same time last year. It’s non-politcal advertising was down 7% in comparing the two quarters.

–Chuck Ross

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