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.