Lincoln Financial Media Q1 down 11.8%
Lincoln Financial Media revenue fell 11.8% in Q1. Revenue was $15 million for the 16-station group, off from $17 million a year ago. Expenses at the media division were down 6.7%. Parent company Lincoln Financial Group reported net income for the quarter of $329 million, or $1.21 per diluted share, compared to $239 million in Q1 2013, or $0.86 per diluted share. Q1 income from operations was $365 million, or $1.34 per diluted share, compared to $285 million, or $1.02 per diluted share, in Q1 2013.