Last Update: Feb 8 @ 6:32 PM
media
LIN TV tops industry scorecard for 3Q


PROVIDENCE — LIN TV Corp. took top honors in Wells Fargo Securities LLC’s third-quarter scorecard for broadcasting companies.

LIN’s revenue, EBITDA and earnings per share all beat estimates in the third quarter, and the company’s forecast for fourth-quarter revenue and EBITDA were also higher than expected, The Deal reported.

The TV industry has stabilized and may see some improvement in 2010, according to Marci Ryvicker, an analyst at Wells Fargo Securities, which was part of Wachovia until that bank was bought last year.

Separately, research firm M. C. Alcamo & Co. forecast that broadcasters’ revenue will grow 6 percent next year. Advertising spending by candidates in gubernatorial races in Rhode Island and other states will help increase sales, Alcamo said.

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