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Jeff-Pilot Happy With Q3 Media Numbers

Jeff-Pilot Happy With Q3 Media Numbers

Strong advertising demand helped yet another publicly held media company in Q3. Jefferson-Pilot Communications said earnings increased 19% to $9.8 million, a record for the third quarter, compared to the same period last year. The company noted that the same quarter in 2001 was affected by the terrorist attacks. Broadcast cash flow grew 27%.
Year-to-date, the media properties’ earnings grew 13%. The numbers include the company’s 17 radio and three TV stations, as well as its syndicated sports programming. The parent company, Jefferson-Pilot Corp., is traded on the NYSE.