Lincoln Financial earnings decline

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Lincoln Financial Group reported that Q3 net earnings declined 9% to 329.6 million, or 1.21 per share. Lincoln Financial Media saw revenues decline 0.2% to 59.7 million and station operating income was down 7.7% to 26.3 million. Income from operations fell 6.8% to 13.6 million. But the data put out after the market closed yesterday did not include the answer to the question on everyone’s mind. Almost certainly someone will ask in this morning’s quarterly conference call if the insurance company has decided whether or not to accept any of the bids to buy its radio and TV stations.


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