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Profit Levels for TV Station Groups Approach Those of the 1980s and 1990s

Mar 29, 2011  •  Post A Comment

Major television station groups posted double-digit profit gains in for the fourth quarter in a row, with some nearing the levels seen in the 1980s and 1990s, reports MediaPost.com’s MediaDailyNews.

Profit margins for TV stations grew by 10 points to 40% in the fourth quarter for some 15 broadcasting companies covered by media investment and adviser company M.C. Alcamo & Co., the story says. That compares with a 30% profit margin for the fourth quarter of 2009.

The best performers on the revenue side were Fisher Communications, with revenue jumping 49% to $18.9 million, and Gray Television, which increased sales 47.8% to $37.1 million, it notes. The profits are likely to be used to pay down debt, make strategic investment and upgrade station infrastructure, the story says.

 

2 Comments

  1. Don’t worry. The FCC will be there, in some shape or form, to make sure profits aren’t very big.

  2. Yeah too bad, huh? They were planning on sharing them with you.

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