Article: Biz Briefs; LIN's Q3 Profit Up; Hearst-Argyle Profit Drops.(Briefs)(entertainment industry news briefs)

A pair of station groups reported divergent third-quarter results last week, and both said they felt the impact of the lack of political advertising in the quarter. LIN TV reported a 4 percent jump in third-quarter profit to $6.1 million, or 12 cents a share, from a year-earlier profit of $5.9 million, or 12 cents a share, as the company cut interest expenses through debt refinancings and increased cash distributions tied to the company's joint venture with NBC. Revenue for the 24-station group slipped nearly 7 percent to $85.8 million, hurt by the decline in political advertising spending compared with a year ago. Meanwhile, Hearst-Argyle Television reported a 9 percent ...

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