Paxson Revenues Rise With Station Acquisitions

Share this content:
Paxson Communications Corp., the TV station group owner in West Palm Beach, CA, reported that revenues rose 67 percent to $31.7 million for the quarter ending March 31.

The rise in revenues was attributed to the addition of new stations that the company had acquired during the period. Its net income rose to $2.6 million, compared with a loss of $8.5 million for the euivalent period last year. That rise in net income included a $14.3 million gain on the sale of TV station assets.

Its operating cash flow during the period rose 97 percent to $10.6 million on the strength of paid programming revenue.

Next Article in Marketing Strategy

Sign up to our newsletters

Company of the Week

Brightcove is the world's leading video platform. The most innovative and respected brands confidently rely on Brightcove to solve their most demanding communication challenges because of the unmatched performance and flexibility of our platform, our global scale and reliability, and our award-winning service. With thousands of customers and an industry-leading suite of cloud video products, Brightcove enables customers to drive compelling business results.

Find out more here »

Career Center

Check out hundreds of exciting professional opportunities available on DMN's Career Center.  
Explore careers in digital marketing, sales, eCommerce, marketing communications, IT, data strategies, and much more. And don't forget to update your resume so employers can contact you privately about job opportunities.

>>Click Here

Relive the 2017 Marketing Hall of Femme

Click the image above