quarterly report

Barrington Sees 14% Jump In 2Q Revenue

Increases in national, local, political and retrans money push gross revenue to $32.7 million.
TVNewsCheck,

Barrington Broadcasting Group announced that gross revenues for the quarter ended June 30 increased 13.6% to $32.7 million from $28.8 million for the same period a year earlier.

The company said the increase was primarily due to an increase in national revenues of $1 million, or 16.7%, to $7 million, an increase in local revenues of $900,000, or 4.7%, to $19 million, and an increase in political revenues of $900,000 to $1 million.

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Retransmission revenues increased $700,000, or 50.8%, to $2.1 million, and other revenues increased $500,000, or 14.6%, to $3.6 million.

Net revenues (gross revenues less agency commissions and other direct costs) for the quarter increased 14.1%, or $3.5 million, to $28.1 million from $24.6 million in 2Q 2009.

K. James Yager, Barrington CEO, commentated: "We were pleasantly surprised by the rebound of national advertising revenues during the quarter. However, we continue to be focused in three areas: re-engineering of our station-level operations, development of direct local sales strategies, and the growth of the stations' local digital platforms. Our focus on these areas contributed to record second quarter broadcast cash fow results."

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