Newport Sees Core Ads Pacing Up In 4Q

High-yield bond analysts Bishop Cheen and Davis Hebert provided some insight into the privately held Newport Television. They wrote that Newport’s 3Q revenues were in line with expectations at $70.6 million — down 5% from political ad-fueled 3Q of 2010. And they said “4Q core ad revenue is pacing up 4.1% with auto pacing better than the core.”