The 24 stations in 15 markets cover 3.4% of the U.S. and range from DMAs 68 to 201.
Multiple sources say Barrington Broadcasting’s 24 stations in 15 markets are for sale and that Sinclair and Nexstar are finalists among the bidders.
Discounting political, local ad revenue grew 7% while retrans money rose 16%.
Barrington Broadcasting has a 24-TV station group (owned or operated) that is diverse both geographically and in terms of network affiliation. Moody’s Investor Service says that as long as Barrington pursues certain financial strategies, it warrants an upgrade to its corporate family rating and its probability of default rating.
Most of the gain comes from $20.5 million in local revenue, an increase of 8% from the year earlier period.
The increase is driven by a 12.4% rise in national revenue and a 20.3% jump in retrans money.
The boost to $33.8 million is powered by a $3.2 million more political ad money, an 11% increase in national ads and a 3% boost in local.