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Tegna Media Segment Revenue Grows 10% in Q2 Political and retransmission money fueled

Y2kTheNewOldies

Y2kTheNewOldies

http://www.broadcastingcable.com/news/local-tv/tegna-media-segment-revenue-grows-10-q2/158333



Yes thats True for now Elections and the Olympics but thats until they end up as the targets for contract disputes with the cable providers.


At its one-year anniversary, Tegna is reporting media revenues were up 10% in the second quarter of 2016 over the year before, primarily due to political and retransmission money.
The division’s total Q2 revenue of roughly $459 million included $10.2 million in political dollars, up 273% from the same period of time in 2015. Retransmission revenue rose 33% to $145.8 million, according to the company.
Tegna credited the company’s 7% increase in total revenue to that growth in its media division, as well as a 4% increase in digital monies.
In the company’s earnings call Tuesday, execs said the successes of the first two quarters of 2016 bodes well for more.
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