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LIN TV CEO Discusses Q3 2010 Results – Earnings Call Transcript

LIN TV Corporation ( TVL)

Q3 2010 Results Conference Call

October 28, 2010 9:00 AM ET


Vince Sadusky – President and CEO

Scott Blumenthal – EVP, Television

Rich Schmaeling – SVP and CFO


Marci Ryvicker – Wells Fargo Securities

Lance Vitanza – CRT Capital

Ed Atorino – The Benchmark Company

Barry Lucas – Gabelli & Company

Harry DeMott – Knighthead Capital Management

Aaron Watts – Deutsche Bank

Avi Steiner – JPMorgan Chase & Co.

Bishop Cheen – Wells Fargo Securities



Good morning, ladies and gentlemen and welcome to Lin TV Corporation earnings call for the third quarter ended September 30 th, 2010. Today’s call is being recorded.

Before we introduce the speakers, I would like to read a brief legal statement from the company.

This conference call may include statements that constitute forward-looking statements particularly in the area described as business outlook, but also including any other statements of future business prospects or financial results including but not limited to the use of the words like believe, expect, estimate, project or other similar expression.

Forward-looking statements inherently involve risks and uncertainties that could cause our actual results to differ materially from the forward-looking statements. Factors that could contribute to such differences include the risks detailed in the company’s annual report on form 10-K and other filings made with the Securities & Exchange Commission, which are available on the company’s website, in the investor relations section or at, which discussions are incorporated in this release by reference.

Lin TV Corporation undertakes no obligation to publicly update or revise any forward-looking statements whether as a result of new information, future events or otherwise, unless otherwise required to by ethical law.

At this time, I will turn the call over to Lin TV Corporation’s President and Chief Executive Officer, Mr. Vince Sadusky.

Vince Sadusky

Thank you, operator. Good morning and welcome to our third quarter 2010 conference call. I will begin with a brief review of results and achievements. Scott Blumenthal, our Executive Vice President of television will update you on station operations and Rich Schmaeling; our Chief Financial Officer will provide financial results and guidance.

Building on our strong performance in the first half of the year, we were pleased with third quarter results, particularly the continued growth of our digital business.

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