Wednesday, March 10, 2010

Retransmission fees up for Nexstar Broadcasting

Retransmission fees were up 62 percent during the fourth quarter for Nexstar Broadcasting, the company which first battled cable services to get those fees.

Other indicators were also good for the company:

Nexstar recorded a net loss of $12.6 million for full year 2009, versus a $78 million loss in 2008. Nexstar reported profit of $967,000 in the fourth quarter, compared with a $21.2 million loss during the same period in 2008. Net revenue for the quarter was $74 million, an 8% decline for the period. Excluding political, net revenue was up 11%. The company said revenue rose thanks to improved ad conditions and retransmission fees among other factors. National revenue was up 10.5% to $17.5 million while local revenue rose to $44 million during the fourth quarter, a 6% rise.

The earnings call transcript can be found at this link.

Nexstar Broadcasting owns KSNF in Joplin and KSFX in Springfield and operates KODE in Joplin and KOLR in Springfield.

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