LIN’s 1Q Revenue Climbs 37% To $141M

LIN TV Corp. today reported results for its first quarter ended March 31 that included a 37% gain in net revenue to $141 million, compared to $103.2 million in the first quarter of 2012.

Local revenues, which include net local advertising revenues, retransmission consent fee revenues and television station website revenues, increased 47% to $99.4 million, compared to $67.7 million in the first quarter of 2012.

Net national revenues increased 28% to $29.5 million, compared to $23.1 million in the first quarter of 2012.

Interactive revenues, which include revenues from LIN Digital (formerly RMM) and Nami Media, increased 29% to $9 million, compared to $7 million in the first quarter of 2012.

Net political revenues were $0.5 million, compared to $2.9 million during the first quarter of 2012.

Operating income was $11.8 million, compared to operating income of $20.5 million in the first quarter of 2012.

Net loss per share was $0.02, compared to net income per diluted share of $0.08 in the first quarter of 2012.

Commenting on first quarter 2013 results, LIN President-CEO Vincent L. Sadusky said: “After achieving record results last year, ad revenue is off to a slower start in 2013. However, retransmission revenues and the continued growth and contribution of our digital business more than offset declines. We are excited about our two recent acquisitions of HYFN and Dedicated Media and their ability to drive synergies and expand our unique portfolio of digital marketing services.”

Read the company’s report here.