Auto up, political down for Allbritton


With its biggest TV station in Washington, DC, Allbritton Communications is particularly blessed some years with issue advertising, in addition to political ads. For its fiscal Q2 (January-March) this year, political was a no-show and issue advertising was also down – but automotive partially filled the gap.

For the quarter Allbritton reported net revenues of $44.7 million, down 1.4% from a year earlier. The half million-plus of political advertising from a year earlier which went to zero accounted for much of the $804K decline. On the plus side, automotive advertising was up 22%.

With expenses up 7.5% from a year earlier, Allbritton saw operating income for the quarter decline 19.3% to $12.2 million.

While Allbritton is privately owned, it has public bonds. The company owns ABC affiliates in six markets, plus a 24/7 local cable news channel in the Washington, DC metro operated alongside WJLA-TV.