After reporting Q1 results at Media General, CEO Marshall Morton told analysts that Q2 is currently pacing to look a lot like Q1.
“Broadcast revenues are expected to increase by about the same amount as the first quarter,” Morton said, which was 12.1%. That, he said, is “based on stronger political spending as we begin entering state primaries.”
“Robust growth in Digital Media revenues is expected to continue. And the decline in publishing revenues should continue to moderate. Total operating expenses for the second quarter are expected to be up 3-4%, compared to last year. The increase is due mainly to higher salary expense, reflecting the absence of prior-year furlough days,” Morton said.
