Media General reveals improved full-year guidance
| 09 August 2015
In the wake of the carnage that has befallen the US pay-TV industry, Media General has offered some degree of light.
The company is one of the largest connected-screen media companies in the US, operating 71 television stations in 48 markets along with what it call the industry's leading digital media business with premium content and distribution on multiple screens. The portfolio of broadcast, digital and mobile products — including LIN Digital, LIN Mobile, Federated Media, HYFN, Dedicated Media and BiteSizeTV — reaches just under a quarter of US TV households and more than half of the US Internet audience.
For the full year the company is now anticipating that net broadcast revenues will be in the range of $1.137-1.151 billion, with net digital revenues of $170–177 million. Programme rights amortisation is expected to be $48-50 million.