LIN exceeds expectations


Q4 was a strong quarter for LIN Television. Although revenues were down 15% to 108.6 million, that was due to the lack of political, only 3.2 million compared to 35.7 million a year earlier. CEO Vince Sadusky reported proudly that core business was up 5%. Also, digital revenues, including both Internet revenues and retransmission consent fees, grew to 4.8 million from 2.1 million. Analysts surveyed by Thomson/First Call had expected, on average, that revenues for Q4 would be down 17% to 107 million, so the actual results from LIN were a welcome surprise. Q1, meanwhile, is pacing up 2-4%.