ABC O&Os Outpace Network

The Walt Disney Co. beat Wall Street expectations for its fiscal third quarter (ended July 3), as total company revenues rose 45% to $17 billion and it posted net income of $923 million. The Media and Entertainment Distribution segment saw revenues gain 18% to $12.7 billion.

Meredith Station Quarterly Revenue Up 22%

Meredith reported that its Local Media Group (station group) posted fiscal fourth quarter (ended June 30) revenue of $203.9 million, up 22% from $167.3 million in the same quarter a year ago.

Univision Revenue, Income Rise in Second Quarter

Second quarter 2021 brought a 32% year-over-year revenue increase for Univision, which took in $700.2 million in the quarter, leading to net income rebounding from a $27.3 million loss in pandemic-stricken second quarter 2020 to a gain of $36.6 million this quarter.

Tegna Reports 27% 2Q Revenue Gain

Tegna released second quarter 2021 results that included total revenue of $733 million, up 27% year-over-year, driven by record second quarter subscription revenue and advertising and marketing services revenue.

Scripps 2Q Adjusted Station Rev Grows 22%

Scripps announced second quarter results, including Local Media (its TV stations and local brands on all platforms) revenue of $325 million on an adjusted-combined basis, up 22% from the prior-year quarter.

Gray 2Q Broadcast Revenue Up 21%

Gray announced that total revenue for 2Q of 2021 came in at $547 million, an increase of 21% from 2Q 2020. The primary components were: combined local and national broadcast ad revenue of $279 million and retransmission consent revenue of $242 million.

How Did Graham Media Perform in Q2?

Graham Holdings Company on Wednesday released its second quarter results. Breaking out the Television Broadcasting arm, showing a 19% revenue increase, to $119.97 million from $100.76 million.

ViacomCBS Q2 Ad Revenue Up 24%

ViacomCBS’s advertising revenue, excluding streaming, rose 24% year-over-year in the second quarter, to $2.1 billion, driven by the return of sports programing and overall improvement in the ad market during the quarter.

TV Ad Growth Powers Fox Corp.

Fox Corp.’s TV segment (Fox Network, O&O stations and Tubi streaming) led the company’s growth in the fiscal fourth quarter, ended June 30. Revenues were up 30% to $1.45 billion, with ad revenues shooting up 51% from the pandemic-impacted previous year to $668 million.

Nexstar Reports Higher Second-Quarter Earnings

Nexstar Media Group’s profits jumped as advertising rebounded from its pandemic lows a year ago. TV advertising revenue was up 35% to $432 million. Core advertising revenue–excluding political advertising–was up 42% to $423 million.