Paxson Revenues Rise With Station Acquisitions

Share this article:
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.
Share this article:

Sign up to our newsletters

Follow us on Twitter @dmnews

Latest Jobs:

More in News

News Byte: Comcast Expanding Global Ad Delivery Through Partnership

News Byte: Comcast Expanding Global Ad Delivery Through ...

Through a partnership with Adstream , Comcast's AdDelivery Service expands its footprint across the globe.

40 Under 40 2014: Nominations Are Now Open!

40 Under 40 2014: Nominations Are Now Open!

It's time to nominate the 2014 crop of young marketing luminaries for Direct Marketing News's 40 Under 40 Awards. The deadline is Friday, June 6, 2014.

News Byte: MediaCrossing Partners with ASL Marketing on Youth Marketing Tool

News Byte: MediaCrossing Partners with ASL Marketing on ...

The digital media trading firm and marketing database company aim to help marketers target 13 to 34 year olds.