LIN Revenue Up 27%
LIN Media reported third quarter television revenue of $103.6 million, a 27% increase from the same quarter a year ago.
Digital revenues, including retransmission consent fees, grew 54% to $16 million. Core local and national advertising, not including political ads, was up 13% in the quarter.
LIN has booked $12.5 million worth of political revenue in the third quarter.
"We delivered strong third quarter results, despite a late start to the political season and continued economic uncertainty," said LIN President/CEO Vincent Sadusky. "Our digital business grew more than 50% in both revenue and user engagement compared to prior year, and continues to be a significant source of growth and opportunity."
LIN expects fourth quarter net revenue to increase between 16% and 22%, compared to the previous year's fourth quarter.
The Providence-based company owns, operates or services 32 TV stations, including WPRI Providence and WISH Indianapolis.
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Michael Malone is content director at B+C and Multichannel News. He joined B+C in 2005 and has covered network programming, including entertainment, news and sports on broadcast, cable and streaming; and local broadcast television, including writing the "Local News Close-Up" market profiles. He also hosted the podcasts "Busted Pilot" and "Series Business." His journalism has also appeared in The New York Times, The L.A. Times, The Boston Globe and New York magazine.