With professional services fueling advertising revenue at Meredith Corp.‘s local media division, comprised of 17 over-the-air TV stations, and the automotive category highly impacted, segment ad-related revenue slipped by 1.6%.
That said, an 8.9% gain in “consumer related” revenue — namely, retransmission consent fees — helped cushion a dip in operating profit for Meredith Local Media in fiscal Q3 2020.
