quarterly reports

However, that increase was more than offset by lower network advertising revenues, higher equity losses from Hulu and increased cost write downs for network programming as operating income falls 6% in the quarter.

That totals $467 million and is generated by a $9.4 million increase in net political advertising revenue, an increase in retransmission consent revenue of $13.2 million and an increase in carriage fee revenue of $8.8 million.

CEO Perry Sook attributes the overall revenue gain to 7.5% year-over-year growth in TV ad revenue along with a 41% gain in retrans fees and a 17% rise in digital. Core national and local TV ad spending was flat.

The increase to $363 million is powered by across-the-board gains in local, national, political, digital and retrans.

Strong political and retrans drive the total to $192 million. The digital segment adds another $15.2 million to the company’s overall total.

The company’s four full-power and four low-power stations account for $5.6 million in revenue and operating income of $2 million.  

The increase to $96.5 million comes primarily from an increase in retrans money by $5.3 million.

Revenue tops $196 million, driven by increased local and national sales, political, retrans and station acquisitions. Net income is $17.7 million. Retrans grows to $50.5 million.

The Spanish-language station owner says the increase to $39.2 million is primarily due to increases in national and political advertising plus higher retransmission consent fees.

Strong retransmission consent revenue growth and 9% higher network advertising revenues accounted for the increase.

$16.7 million in political advertising plus a 28% increase in digital are keys to the growth from the same period last year. CEO David Smith: “Not only did we exceed our expectations for our key financial metrics during the second quarter, but we also have made significant progress in expanding distribution and content.”

Ford said Thursday its second-quarter profit fell 9% to $1.97 billion and warned that the rest of the year would be “much weaker than normal” as U.S. demand softens and the automaker launches redesigned versions of its heavy-duty pickups.

Google parent Alphabet earned $4.9 billion during the April-June quarter, a 24% increase from the same time last year. After subtracting ad commissions, Alphabet’s revenue climbed 22% to $17.5 billion.

The company says the decrease is pegged to the absence of the NCAA Division I Men’s Basketball Championship finals on the CBS Television Network. CEO Leslie Moonves said: “During the quarter, retransmission consent and reverse compensation grew 44% and remain on track to surpass $1 billion in revenue this year.”

Overall, Facebook Inc. on Wednesday said its second-quarter net income nearly tripled, to $2.06 billion, or 71 cents per share, up from $719 million, or 25 cents per share, in the same period a year earlier.

Bolstered by gains in retransmission consent fees and digital advertising (up 13%), the company reported total revenue for its 17-station Local Media Group increased to $141 million. For the company’s full fiscal year, the group’s revenue was up 3% to $548 million.

The increase to $2.1 billion was driven by higher retransmission consent fees, ad revenue as well as money from content licensing.

The increase is attributed to gains in retrans, online and political ad money, the last of which was up 273% to $10.2 million.

Dish Network lost a record number of TV subscribers in the second quarter as programming blackouts and price increases drove customers to seek cheaper online alternatives, reviving industrywide concerns about “cord-cutting.” Dish shed 281,000 pay TV customers in the quarter, compared with a loss of 81,000 a year earlier.

However, that increase was more than offset by increases in programming costs as operating income falls 8% in the quarter.

That totals $454.7 million and is generated by core advertising that grew 2.2% to $292 million; political ad revenue of more than $13 million, and retrans money that climbed 21% to $83.5 million.

Revenue tops $173 million, driven by increased local and national sales, political, retrans and station acquisitions. Net income is $9 million. Retrans grows to $47.3 million.

The increase to $343 million is powered by across-the-board gains in local, national, political, digital and retrans.

Strong political and retrans drive the total to $180 million. The digital segment adds another $12.3 million to the company’s overall total.

The Spanish-language station owner says the drop to $35.8 million is primarily due to the absence of one-time money in 2015 that wasn’t offset by increases in national and political advertising revenue as well as higher retransmission consent revenue.

The company’s four full-power and four low-power stations account for $5.3 million in revenue and operating income of $1.7 million.

Strong retransmission consent revenue growth and higher advertising revenues led by higher political spending accounted for the increase.

The increase to $92 million comes primarily from higher political ad revenue and more retrans money.