Meredith Ad Revs Up Across Board, TV Rises 26%
Meredith Corp. says advertising revenue climbed by double digits in its first fiscal quarter 2013, with big gains coming from its TV properties.
Total company advertising revenues climbed 12% to $207 million, with local media (its TV-related businesses) up 26% to $87.2 million. It had 7% advertising gains from its national media group
(its print and magazine-based brands) to $132.6 million.
TV advertising benefited from a sharp increase in both political and nonpolitical advertising. Political advertising was at highest
ever for its first fiscal quarter -- $12.2 million for the period versus $9.4 for its fiscal first quarter 2012. Nonpolitical advertising was at $62.2 million, up 5%. This was the 12th straight
quarter to quarter growth for the category, according to the company.
Overall magazine businesses grew 3% to $267 million. While magazines did see rising advertising revenue, it was the
result of acquisitions. Without those new revenues, total advertising revenues declined 9%.
Digital advertising business continued to rise -- with its magazine/print businesses up 115% and
its TV-related units 15% higher.
Total company-wide revenues rose 8% to $354 million, with net income moving up to $24.9 million from $21.6 million in its first fiscal quarter 2012.
Recent MediaDailyNews Articles
-
Original 'Voice' Judges Return May 17, 5:41 p.m.
The original quartet of coaches for “The Voice” will return for the fifth season this fall. ... -
Van Wagner Partners With CineSport For Online Video May 17, 5:34 p.m.
Van Wagner Communications’ Sports and Entertainment division is joining forces with CineSport, partly owned by Van ... -
'Idol' Falls, 'Bang' Leads Thursdays May 17, 3:38 p.m.
TV broadcast networks environment is definitely shifting -- as evidence of last major night of the ... -
Sapient Revs Up 12%, Optimistic About 2013 May 17, 2:47 p.m.
Marketing services company Sapient reported first-quarter revenues of $292.6 million, up 12% from the same period ... -
KSE Finalizes Outdoor Channel Buy May 17, 11:08 a.m.
An entity controlled by sports entrepreneur Stan Kroenke has finalized its acquisition of the Outdoor Channel ... -
'Tonight' Still King Of Late-Night TV May 17, 10:49 a.m.
While NBC proceeds to sets up its late-night changes for next year, "The Tonight Show with ... -
U.S. Open Going Cable-Only, Moves To ESPN May 17, 9:18 a.m.
After decades on the network that saw stars from Ashe to Navratilova to Federer win, the ... -
USA Looks To Make Comedy King In The New Season May 16, 10:22 p.m.
What do you do when you’re the last network putting on the last event of the ... -
Comedy Central Goes Dark To Simulcast New Radio Channel May 16, 6:12 p.m.
For the first time since its tribute to Johnny Carson 20 years ago, Comedy Central will ... -
MGM Doubles Revs, 'Hobbit' Helps May 16, 5:56 p.m.
A big positive swing for MGM Holdings was seen in its first-quarter earning results, thanks to ...
Be the first to comment on "Meredith Ad Revs Up Across Board, TV Rises 26%"
Leave a Comment