LIN TV Q4 Net Revenues Down 3%

For the fourth quarter of 2009, the company posted a net income of $10.76m, or $0.21 per diluted share, compared to net loss of $625.88m, or $12.24 per diluted share, for the comparable period in 2008. Operating income was $29.38m, compared to an operating loss of $722.59m for the prior year period.

For the full year ended December 31, 2009, the company posted a net income of $9.11m, or $0.18 per diluted share, compared to a net loss of $830.36m, or $16.33 per diluted share, for the year ago period. Net revenues were $339.47m, compared to $399.81m. Operating income was $22.11m, compared to an operating loss of $952.42m for the year ago period.

The company expects that its direct operating and SG&A expenses, which include variable sales related expenses, will increase in the range of two to five percent (or $1m to $2.5m) for the first quarter of 2010 compared to reported expenses of $52.5 million for the first quarter of 2009. Total net reveunes of $90 to $93m.

Vincent Sadusky, president and CEO of  LIN TV, said: “We are encouraged by early signs of economic recovery during the fourth quarter of 2009. The strategic decisions we made, including our focus on building our digital business, helped us emerge from this downturn a stronger and more efficient company. We look forward to building on our momentum in 2010.”

Can the company reach expected net revenues in Q1 2010?

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Prashant K.

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A dip in the last two years does not mean that the expected net revenues cannot be reached in Q1 2010. The report says that the multi media company LIN TV has not done that badly even in the previous two years. Plus and minus are after all quite common in any form of business and time will tell the success factor soon.

Saturday 13 March 2010, 07:11

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narayanan krishnan

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Media is one of the most affected business in the recent financial turmoil and it's indeed a remarkable result. There should be no real comparison for the years 2007-08 has the whole economy went into tailspin and now the recovery is witnessed in small pockets.

Saturday 13 March 2010, 17:27

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