TV station operator LIN Media, which is closing in on a merger with Media General, posted third-quarter net revenues of $192.1 million, an increase of 18% from the same quarter a year ago, B&C reports.
Net broadcast revenues climbed 11% to $159.7 million, with digital revenues up 66% to $32.3 million, the report notes.
Said Vincent Sadusky, president and CEO of LIN: “Continued growth and expansion of our digital media business, robust political advertising and increasing subscriber fees helped drive our strong results during the third, and likely final quarter before we close on our merger with Media General.”
B&C adds: “Local revenues, which include retransmission consent fees and station websites, increased 6% to $111.9 million in the quarter, while net national revenues decreased 10% to $29.5 million. Political revenues were $15.5 million compared to $2.6 million in the third quarter of 2013.”