LIN Media Swings To Q1 Profit

(RTTNews) - LIN Media LLC (LIN) reported net income for the first quarter of $0.03 per share, compared to a net loss of $0.9 million or $0.02 per share for the year-ago quarter..

Net revenues for the first quarter increased 18% to $166.24 million from $140.99 million a year ago.

Analysts polled by Thomson Reuters expected the company to earn $0.06 per share on revenue of $165.37 million for the first quarter.

Looking forward, the company said it expects second quarter net revenues to increase 13% to 16% from a year earlier to $186.0 million to $191.0 million, mainly due to growth in time sales, digital revenues and retransmission consent fees. Analysts currently expect the company to post revenue of $191.00 million for the second quarter.