Grey 1Q Sees Modest Rev Rise

  • May 12, 2008
Grey reported first-quarter results--announcing that total net revenues for all stations increased $1.3 million, or 2%, to $71.0 million reflecting increased political advertising revenues. Internet revenues were partially offset by decreased local and national advertising revenues. Political advertising revenues increased $2.0 million, or 180%, to $3.1 million. Internet advertising revenue increased $0.6 million, or 28%, to $2.6 million. Local advertising revenue decreased $1.0 million, or 2%, to $45.7 million. National advertising revenue decreased $0.8 million, or 4%, to $16.3 million.
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