LIN 1Q Revenue Climbs 15% To $103M

LIN TV Corp. today reported that for the first quarter of 2012 its net revenues increased 15% to $103.2 million, compared to $89.7 million in the first quarter of 2011.

Local revenues, which include net local advertising revenues, retransmission consent fees and TV station website revenues, increased 16% to $67.7 million, compared to $58.3 million in the first quarter of 2011.

Net national revenues increased 4% to $23.1 million, compared to $22.3 million in the first quarter of 2011.

Net political revenues were $2.9 million, compared to $1 million in the first quarter of 2011.

Interactive revenues, which include revenues from RMM and Nami Media1, increased 41% to $7 million, compared to $5 million in the first quarter of 2011.

Operating income increased 31% to $20.5 million, compared to $15.7 million in the first quarter of 2011.

Net income per diluted share was $0.08, compared to $0.03 in the first quarter of 2011.

Commenting on the results, LIN President-CEO Vincent L. Sadusky said: “2012 is off to a great start as a result of strong first quarter results and revenue increases in all areas of our business. We continue to see the benefits of our long term strategy and we are excited about the potential opportunity to capitalize on numerous synergies that would result from our agreement with New Vision Television.”