LIN Reports Record Revenue for Q2

Jul 27, 2005  •  Post A Comment

Boosted by new initiatives such as its new Spanish-language network and station Web site advertising, LIN TV managed to offset the decline in political advertising spending and record a revenue gain during the second quarter.

LIN, which owns 25 television stations, saw its revenue rise 2 percent during a period that has other station groups recording revenue declines because of the lack of political advertising dollars.

However, the company’s results turned out to be a mixed bag, with second-quarter profit falling to $10.1 million from a year-ago figure of $14.6 million.

LIN Chairman Gary Chapman said the improved revenue came during a “challenging TV advertising market” and was the result of the acquisition of UPN stations in Indianapolis and Columbus, Ohio, as well as the company’s new Spanish-language network WAPA America. Another factor was the company’s efforts to build an advertising business for its television station Web sites.