August 4, 2008 — Hoffman Estates, IL

Download PDF Version

Barrington Broadcasting Group LLC (“Barrington”) announced today its financial results for the three months ended June 30, 2008 and for the six months ended June 30, 2008. Results for the three and six months include results of WGTU and WGTQ, stations that Barrington programs and provides support services, beginning April 1, 2008, the date Tucker Broadcasting of Traverse City, Inc. completed the acquisition of these stations (the “Acquired Stations”). Highlights are as follows:

• Gross revenues for the quarter ended June 30, 2008 increased 1.1% to $34.4 million from $34 million for the quarter ended June 30, 2007. Excluding results of the Acquired Stations, gross revenues decreased $0.5 million, or 1.5%, to $33.5 million. The decrease was primarily due to a decrease in national revenues of $1.1 million, or 10.7%, to $9.1 million. Local revenues decreased $0.3 million, or 1.4%, to $20.9 million. Political revenues increased $0.5 million to $0.7 million for the quarter ended June 30, 2008.
• Net revenues (gross revenues less agency commissions and other direct costs) for the quarter ended June 30, 2008 increased $0.4 million, or 1.4%, to $29.5 million from $29.1 million for the quarter ended June 30, 2007. Excluding results of the Acquired Stations, net revenues decreased $0.4 million, or 1.4%, to $28.7 million
• Operating expenses for the quarter ended June 30, 2008, not including depreciation and amortization, increased 7.5%, or $1.5 million, to $21.7 million from $20.2 million for the quarter ended June 30, 2007. Excluding results of the Acquired Stations, operating expenses increased $1.0 million, or 5.0%, to $21.2 million, primarily as a result of severance costs of $0.7 million related to the workforce reduction initiated and substantially completed in the second quarter.
• Broadcast Cash Flow (as defined herein) for the quarter ended June 30, 2008 decreased 6.4% to $9.8 million from $10.4 million for the quarter ended June 30, 2007. Excluding results of the Acquired Stations, Broadcast Cash Flow decreased 9.6% to $9.4 million.
• Gross revenues for the six months ended June 30, 2008 increased 1.9% to $65.7 million from $64.5 million for the six months ended June 30, 2007. Excluding results of the Acquired Stations, gross revenues increased $0.3 million, or 0.5%, to $64.8 million for the period. The increase was primarily due to an increase in political revenue of $1.9 million to $2.4 million. Local revenues decreased $0.2 million, or 1.4%, to $40.2 million. National revenues decreased $1.9 million, or 9.7%, to $17.4 million.
• Net revenues (gross revenues less agency commissions and other direct costs) for the six months ended June 30, 2008 increased $1.1 million, or 1.9%, to $56.2 million from $55.1 million for the six months ended June 30, 2007. Not including results of the Acquired Stations, net revenues increased $0.3 million, or 0.5%, to $55.4 million
• Operating expenses for the six months ended June 30, 2008, not including depreciation and amortization, increased 6.4%, or $2.6 million, to $43.1 million from $40.5 million for the six months ended June 30, 2007. Excluding results of the Acquired Stations, operating expenses increased $2.1 million, or 5.2%, primarily as a result of severance costs of $.7 million related to the workforce reduction initiated and substantially completed in the second quarter, increased website sales and development costs of $.7 million, an increase in the number of sales personnel, and contractual salary increases in the news department.
• Broadcast Cash Flow for the six months ended June 30, 2008 decreased 3.1% to $16.8 million from $17.3 million for the six months ended June 30, 2007. Excluding results of the Acquired Stations, Broadcast Cash Flow decreased 4.6% to $16.5 million.

For more information regarding this financial information and a definition of Broadcast Cash Flow, see the attachments to this press release.

“Despite the stability of our local sales and growth in our digital media sales, the weakening economy continued to have a negative impact on our national revenues; advertisers canceled national advertising schedules at a higher rate than we have experienced in the past, with particular emphasis on the auto category. We also completed our previously announced transition to new technology and operating structures this quarter, with the goal of driving more efficiency at each of our stations. We remain confident this transition will contribute to both innovation and improved local programming quality and allow us to operate with a lower cost structure”, said K. James Yager, Chief Executive Officer of Barrington Broadcasting.

Conference Call

As previously announced, Barrington will host a conference call to discuss its first quarter results at Noon (EDT) on Tuesday, August 5, 2008. The dial-in information for the earnings call is as follows: 1-800-257-2101. A telephonic replay of the earnings call will be available beginning on –August 5, 2008 at 2:00 PM (EDT) and remain available for 30 days. To access the replay, call 1-800-405-2236 (domestic callers) or 303-590-3000 (international callers) and enter access code 11117707#.

During the conference call, representatives of Barrington may discuss and answer one or more questions concerning Barrington’s business and financial matters. The responses to these questions, as well as other matters discussed during the call, may contain information that has not been previously disclosed.

Quarterly Report

The information in this press release should be read in conjunction with the financial statements and footnotes contained in Barrington’s quarterly report for the quarter ended June 30, 2008 which will be posted on Barrington’s website (www.barringtontv.com) on August 13, 2008. Barrington’s results for the quarter ended June 30, 2008 are subject to the completion of its quarterly report for such period.

Non-GAAP Financial Measures

Broadcast Cash Flow, EBITDA and Adjusted EBITDA (each as defined in the attachments to this press release) are non-GAAP financial measures (i.e., they are not measures of financial performance under generally accepted accounting principles) and should not be considered in isolation from or as a substitute for consolidated statements of operations and cash flow data prepared in accordance with GAAP. Broadcast Cash Flow, EBITDA and Adjusted EBITDA, as used herein, are not necessarily comparable to similarly titled measures of other companies. For definitions of and additional information regarding Broadcast Cash Flow, EBITDA and Adjusted

EBITDA and a reconciliation of such measures to the most comparable measures calculated in accordance with GAAP, please see the attachments to this press release.

Broadcast Cash Flow, EBITDA and Adjusted EBITDA are measures commonly used by financial analysts in evaluating performance of companies, including broadcast companies. Accordingly, Barrington believes that Broadcast Cash Flow, EBITDA and Adjusted EBITDA may be useful in assessing Barrington’s operating performance and its ability to meet its debt service requirements. Barrington also believes that these measures allow a standardized comparison between companies in the broadcast industry, while minimizing the differences from depreciation policies, financial leverage and tax strategies.

About Barrington

Barrington was formed in 2003 to acquire and operate television stations in smaller markets across the United States. Barrington currently owns, operates, or supports the operations of twenty three network affiliated television stations. Barrington is owned and controlled by Pilot Group, with management as its partner. Pilot Group is a non-traditional private investment firm founded in 2003 by a group of operating executives who actively help its management partners achieve their goals.

Forward Looking Statements

The statements in this press release that are not historical facts are forward-looking statements that are subject to material risks and uncertainties. Investors are cautioned that any such forward-looking statements are not guarantees of future performance or results and involve risks and uncertainties, and that actual results or developments may differ materially from those in the forward-looking statements as a result of various factors. Such factors include those risks described from time to time in Barrington’s quarterly reports and annual reports which are furnished pursuant to the Indenture dated as of August 11, 2006, by and among Barrington, Barrington Broadcasting Capital Corporation, the guarantors named therein and U.S. Bank National Association, as trustee, as amended, and which are posted on Barrington’s website. These factors should be considered carefully and readers are cautioned not to place undue reliance on such forward-looking statements. Barrington does not undertake to update any forward-looking statements in this press release or with respect to matters described herein.
For further information contact:

Warren Spector
Chief Financial Officer
Barrington Broadcasting Group LLC
Barrington Broadcasting Capital Corporation
Tel 847-884-1877
Fax 847 755 3045
wspector@barringtontv.com

July 28, 2008 — Hoffman Estates, IL

Download PDF Version

Barrington Broadcasting Group LLC (“Barrington”) announced today that it has rescheduled its earnings conference call on Tuesday, August 5, 2008 to 12 Noon (EDT). The call previously had been scheduled for 11:00 AM (EDT) on August 5, 2008.

The dial-in information for the earnings call is as follows: 1-800-257-2101. A telephonic replay of the earnings call will be available beginning on August 5, 2008 at 2:00 PM (EDT) and remain available for 30 days. To access the replay, please dial 800-405-2236 (domestic callers) or 303-590-3000 (international callers). The access code is 11117707#.

About Barrington

Barrington was formed in 2003 to acquire and operate television stations in smaller markets across the United States. Barrington currently owns, operates, or supports the operations of twenty three network affiliated television stations. Barrington is owned and controlled by Pilot Group, with management as its partner. Pilot Group is a non-traditional private investment firm founded in 2003 by a group of operating executives who actively help its management partners achieve their goals.
For further information contact:

Warren Spector
Chief Financial Officer
Barrington Broadcasting Group LLC
Barrington Broadcasting Capital Corporation
Phone: 847-884-1877
Fax: 847 755 3045
wspector@barringtontv.com

July 25, 2008 — Hoffman Estates, IL

Download PDF Version

Barrington Broadcasting Group LLC (“Barrington”) announced today that it will release its financial results for the quarter ended June 30, 2008 on August 4, 2008. Barrington will hold its earnings conference call at 11:00 AM (EDT) on Tuesday, August 5, 2008.

The dial-in information for the earnings call is as follows: 1-800-257-2101. A telephonic replay of the earnings call will be available beginning on August 5, 2008 at 1:00 PM (EDT) and remain available for 30 days. To access the replay, please dial 800-405-2236 (domestic callers) or 303-590-3000 (international callers). The access code is 11117707#.

During the conference call, representatives of Barrington may discuss and answer one or more questions concerning Barrington’s business and financial matters. The responses to these questions, as well as other matters discussed during the call, may contain information that has not been previously disclosed.

Barrington will post its quarterly report for the quarter ended June 30, 2008 on the company website (www.barringtontv.com) on August 13, 2008. The quarterly report is being furnished pursuant to the Indenture governing the 10½% Senior Subordinated Notes due 2014 (the “Notes”) co-issued by Barrington and Barrington Broadcasting Capital Corporation. Barrington will post a current report containing the earnings release and a transcript of the earnings call on the company website on August 7, 2008.

About Barrington

Barrington was formed in 2003 to acquire and operate television stations in smaller markets across the United States. Barrington currently owns, operates, or supports the operations of twenty three network affiliated television stations. Barrington is owned and controlled by Pilot Group, with management as its partner. Pilot Group is a non-traditional private investment firm founded in 2003 by a group of operating executives who actively help its management partners achieve their goals.
For further information contact:

Warren Spector
Chief Financial Officer
Barrington Broadcasting Group LLC
Barrington Broadcasting Capital Corporation
Phone: 847-884-1877
Fax: 847 755 3045
wspector@barringtontv.com

May 5, 2008 — Hoffman Estates, IL

Download PDF Version

Barrington Broadcasting Group LLC (“Barrington”) announced today its financial results for the three months ended March 31, 2008. Highlights are as follows:

• Gross revenues for the quarter ended March 31, 2008 increased 2.8% to $31.3 million from $30.5 million for the quarter ended March 31, 2007. The increase was primarily due to an increase in political revenues which increased $1.4 million to $1.7 million. Local revenues increased 0.8%, or $0.1 million, to $19.3 million for the quarter ended March 31, 2008. National revenues decreased $0.8 million, or 8.5%, to $8.3 million.
• Net revenues (gross revenues less agency commissions and other direct costs) for the quarter ended March 31, 2008 increased 2.6% to $26.7 million from $26.0 million for the quarter ended March 31, 2007.
• Operating expenses for the quarter ended March 31, 2008, not including depreciation and amortization, increased 5.3%, or $1.1 million, to $21.4 million from $20.3 million for the quarter ended March 31, 2007 primarily as a result of expenses related to the consent solicitation with respect to Barrington’s 10 ½% Senior Subordinated Notes due 2014 which was completed during the quarter. Beginning in the second quarter of 2008, Barrington has initiated certain operating expense reductions, including a reduction in its workforce of approximately 8%. This reduction is expected to be completed during the second quarter and costs associated with the workforce reduction have not yet been determined and will be reported in the second quarter results.
• Broadcast Cash Flow (as defined herein) for the quarter ended March 31, 2008 increased 1.9% to $7.0 million from $6.9 million for the quarter ended March 31, 2007.

For more information regarding this financial information and a definition of Broadcast Cash Flow, see the attachments to this press release.

“As a result of weakness in the national economy, we have moved to utilize new technology and operating structures to drive more efficiency at each of our stations. We believe this will result in greater innovation and improved local programming quality, and these efficiency initiatives will allow us to operate with about 8% fewer employees than we have in the past,” said K. James Yager, Chief Executive Officer of Barrington Broadcasting. “Although we’ve seen progress in our new approach to converting local newspaper and yellow page advertisers to broadcast television, it has not been enough at this point to fully offset the weakness in national advertising and weak categories like automotive.”

Tucker Acquisition

On April 1, 2008, Tucker Broadcasting of Traverse City (“Tucker”), an entity not affiliated with Barrington, completed its acquisition of the assets of television stations WGTU and WGTQ in Traverse City, Michigan. In connection with the acquisition, Tucker entered into a shared services agreement and joint sales agreement with Barrington and Barrington provided credit support of $7 million for Tucker’s debt obligations incurred in connection with the financing of the acquisition.

Conference Call

As previously announced, Barrington will host a conference call to discuss its first quarter results at 11:00 AM (EDT) on Tuesday, May 6, 2008. The dial-in information for the earnings call is as follows: 1-800-366-7640. A telephonic replay of the earnings call will be available beginning on May 6, 2008 at 1:00 PM (EDT) and remain available for 30 days. To access the replay, call 1-800-405-2236 (domestic callers) or 1-303-590-3000 (international callers) and enter access code 11113458#.

During the conference call, representatives of Barrington may discuss and answer one or more questions concerning Barrington’s business and financial matters. The responses to these questions, as well as other matters discussed during the call, may contain information that has not been previously disclosed.

Quarterly Report

The information in this press release should be read in conjunction with the financial statements and footnotes contained in Barrington’s quarterly report for the quarter ended March 31, 2008 which will be posted on Barrington’s website (www.barringtontv.com) on May 13, 2008.

Non-GAAP Financial Measures

Broadcast Cash Flow, EBITDA and Adjusted EBITDA (each as defined in the attachments to this press release) are non-GAAP financial measures (i.e., they are not measures of financial performance under generally accepted accounting principles) and should not be considered in isolation from or as a substitute for consolidated statements of operations and cash flow data prepared in accordance with GAAP. Broadcast Cash Flow, EBITDA and Adjusted EBITDA, as used herein, are not necessarily comparable to similarly titled measures of other companies. For definitions of and additional information regarding Broadcast Cash Flow, EBITDA and Adjusted EBITDA and a reconciliation of such measures to the most comparable measures calculated in accordance with GAAP, please see the attachments to this press release.

Broadcast Cash Flow, EBITDA and Adjusted EBITDA are measures commonly used by financial analysts in evaluating performance of companies, including broadcast companies. Accordingly, Barrington believes that Broadcast Cash Flow, EBITDA and Adjusted EBITDA may be useful in assessing Barrington’s operating performance and its ability to meet its debt service requirements. Barrington also believes that these measures allow a standardized comparison between companies in the broadcast industry, while minimizing the differences from depreciation policies, financial leverage and tax strategies.

About Barrington

Barrington was formed in 2003 to acquire and operate television stations in smaller markets across the United States. Barrington currently owns, operates, or supports the operations of twenty three network affiliated television stations. Barrington is owned and controlled by Pilot Group, with management as its partner. Pilot Group is a non-traditional private investment firm founded in 2003 by a group of operating executives who actively help its management partners achieve their goals.

Forward Looking Statements

The statements in this press release that are not historical facts are forward-looking statements that are subject to material risks and uncertainties. Investors are cautioned that any such forward-looking statements are not guarantees of future performance or results and involve risks and uncertainties, and that actual results or developments may differ materially from those in the forward-looking statements as a result of various factors. Such factors include those risks described from time to time in Barrington’s quarterly reports and annual reports which are furnished pursuant to the Indenture dated as of August 11, 2006, by and among Barrington, Barrington Broadcasting Capital Corporation, the guarantors named therein and U.S. Bank National Association, as trustee, as amended, and which are posted on Barrington’s website. These factors should be considered carefully and readers are cautioned not to place undue reliance on such forward-looking statements. Barrington does not undertake to update any forward-looking statements in this press release or with respect to matters described herein. Barrington’s results for the quarter ended March 31, 2008 are subject to the completion of its quarterly report for such period.
For further information contact:

Warren Spector
Chief Financial Officer
Barrington Broadcasting Group LLC
Barrington Broadcasting Capital Corporation
847-884-1877
wspector@barringtontv.com

April 25, 2008 — Hoffman Estates, IL

Download PDF Version

Barrington Broadcasting Group LLC (“Barrington”) announced today that it will release its financial results for the quarter ended March 31, 2008 on May 5, 2008. Barrington will hold its earnings conference call at 11:00 AM (EDT) on Tuesday, May 6, 2008.

The dial-in information for the earnings call is as follows: 1-800-366-7640. A telephonic replay of the earnings call will be available beginning on May 6, 2008 at 1:00 PM (EDT) and remain available for 30 days. To access the replay please dial 800-405-2236 (domestic callers) or 303-590-3000 (international callers). The access code is 11113458#.

During the conference call, representatives of Barrington may discuss and answer one or more questions concerning Barrington’s business and financial matters. The responses to these questions, as well as other matters discussed during the call, may contain information that has not been previously disclosed.

Barrington will post its quarterly report for the quarter ended March 31, 2008 on the company website (www.barringtontv.com) on May 13, 2008. The quarterly report is being furnished pursuant to the Indenture governing the 10½% Senior Subordinated Notes due 2014 (the “Notes”) co-issued by Barrington and Barrington Broadcasting Capital Corporation. Barrington will post a current report containing the earnings release and a transcript of the earnings call on the company website on May 8, 2008.

About Barrington

Barrington was formed in 2003 to acquire and operate television stations in smaller markets across the United States. Barrington currently owns and operates twenty network affiliated televisions stations and operates a twenty first station under a local marketing agreement. Barrington is owned and controlled by Pilot Group, with management as its partner. Pilot Group is a non-traditional private investment firm founded in 2003 by a group of operating executives who actively help its management partners achieve their goals.
For further information contact:

Warren Spector
Chief Financial Officer
Barrington Broadcasting Group LLC
Barrington Broadcasting Capital Corporation
847-884-1877
wspector@barringtontv.com

April 3, 2008 — Hoffman Estates, IL

Download PDF Version

Barrington Broadcasting Group LLC (“Barrington”) and Barrington Broadcasting Capital Corporation (“Capital Corp.” and, together with Barrington, the “Issuers”) announced today that a current report has been posted on the company website (www.barringtontv.com). The current report is being furnished pursuant to the Indenture governing the Issuers’ 10½% Senior Subordinated Notes due 2014 (the “Notes”).

As a result of the amendments effected by the Supplemental Indenture to the Indenture governing the Notes, dated as of March 19, 2008, the Issuers intend to post all future annual reports, quarterly reports and current reports which are required to be delivered pursuant to the Indenture, as supplemented, on the company website. Notice of such future postings will be provided by press release.

About Barrington

Barrington was formed in 2003 to acquire and operate television stations in smaller markets across the United States. Barrington currently owns and operates twenty network affiliated television stations, operates one additional station under a local marketing agreement and operates two additional stations under a joint sales agreement and a shared services agreement. Barrington is owned and controlled by Pilot Group, with management as its partner. Pilot Group is a non-traditional private investment firm founded in 2003 by a group of operating executives who actively help its management partners achieve their goals.

CONTACT: Warren Spector
Tel    847 884 1877
Fax    847 755 3045
Email  � wspector@barringtontv.com

March 17, 2008 — Hoffman Estates, IL

Download PDF Version

Barrington Broadcasting Group LLC (“Barrington”) announced today its financial results for the quarter ended December 31, 2007 and for the year ended December 31, 2007.

Highlights of Barrington’s consolidated financial results for the quarter and year ended December 31, 2007 are presented below. The comparative financial results for the year ended December 31, 2006 are presented on a pro forma basis as if all acquisitions completed in 2006 were completed on January 1, 2006.

• Gross revenues for the quarter ended December 31, 2007 decreased 17.6% to $35.4 million from $43 million for the quarter ended December 31, 2006. The decrease was primarily due to a decrease in political revenues for the quarter of $9.9 million. Political revenues for the quarter ended December 31, 2007 were approximately $1.1 million. National revenues decreased 1.4%, or $.1 million, to $10.1 million for the quarter ended December 31, 2007. Local revenues increased 12.2%, or $2.3 million, to $21.2 million for the quarter ended December 31, 2007. Not including political revenues, combined local and national gross revenues increased 7.3%, or $2.2 million, for the quarter ended December 31, 2007.
• Net revenues (gross revenues less agency commissions and other direct costs) for the quarter ended December 31, 2007 decreased 16.2% to $30.4 million from $36.2 million for the quarter ended December 31, 2006.
• Operating expenses for the quarter ended December 31, 2007, not including depreciation and amortization, increased $.3 million, or 1.6%, to $21.1 million. The increase was primarily due to increases in salaries, utilities and property taxes.
• Broadcast Cash Flow (as defined herein) for the quarter ended December 31, 2007 decreased 37.4% to $10.6 million from $16.9 million for the quarter ended December 31, 2006.
• Gross revenues for the year ended December 31, 2007 decreased 7.4% to $131.7 million from $142.2 million for the year ended December 31, 2006. The decrease was primarily due to decreases in political revenues as well as national revenues. Political revenues decreased $15 million to $1.7 million and national revenues decreased 4.8%, or $1.9 million, to $38.6 million for the year ended December 31, 2007. Local revenues increased $6.4 million, or 8.5%, to $81.3 million. Not including political revenues, combined local and national gross revenues increased 3.8%, or $4.4 million, for the year ended December 31, 2007.
• Net revenues (gross revenues less agency commissions and other direct costs) for the year ended December 31, 2007 decreased 6.9% to $112.5 million from $120.9 million for the year ended December 31, 2006.
• Operating expenses for the year ended December 31, 2007, not including depreciation and amortization, decreased $.1 million to $82.2 million. Increased expenses in website development, salaries, and sales expenses were offset by news automation and other expense savings.
• Broadcast Cash Flow for the year ended December 31, 2007 decreased 17.3% to $35.7 million from $43.2 million for the year ended December 31, 2006.

For more information regarding this financial information, including certain adjustments and assumptions, and a definition of Broadcast Cash Flow, see the attachments to this press release.

Highlights of Barrington’s actual consolidated financial results for the year ended December 31, 2007 compared to Barrington’s actual consolidated financial results for the year ended December 31, 2006 are presented below.

• For the year ended December 31, 2007, net revenues increased to $112.5 million from $76.1 million for the year ended December 31, 2006. Operating expenses, not including depreciation and amortization, increased to $82.2 million for the year ended December 31, 2007 from $50.5 million for the year ended December 31, 2006. The increases were primarily due to acquisitions of stations acquired from Raycom Media, Inc. in August 2006. The results of those stations were only included in the results for the year ended December 31, 2006 from the August 11, 2006 acquisition date.

K. James Yager, Chief Executive Officer, commented, “Our goal has been and remains to grow local revenue and continue containing operating costs at all stations. Our 12.2% growth in local revenues in the 4th quarter and 8.5% growth in local revenues for the year while keeping operating costs flat continues to support that overall long term strategy”.

Conference Call

As previously announced, Barrington will host a conference call to discuss its fourth quarter results at 11:00 AM (EDT) on Tuesday, March 18, 2008. The dial-in information for the earnings call is as follows: 1-800-218-0530. A telephonic replay of the earnings call will be available beginning on March 18, 2008 at 1:00 PM (EDT) and remain available for thirty days. To access the replay, call 1-800-405-2236 (domestic callers) or 1-303-590-3000 (international callers) and enter access code 11110366#.

During the conference call, representatives of Barrington may discuss and answer one or more questions concerning Barrington’s business and financial matters. The responses to these questions, as well as other matters discussed during the call, may contain information that has not been previously disclosed.

Annual Report

The information in this press release should be read in conjunction with the financial statements and footnotes contained in Barrington’s annual report for the year ended December 31, 2007 to be filed with the Securities and Exchange Commission.

Non-GAAP Financial Measures

Broadcast Cash Flow, EBITDA and Adjusted EBITDA (each as defined in the attachments to this press release) are non-GAAP financial measures (i.e., they are not measures of financial performance under generally accepted accounting principles) and should not be considered in isolation from or as a substitute for consolidated statements of operations and cash flow data prepared in accordance with GAAP. Broadcast Cash Flow, EBITDA and Adjusted EBITDA, as used herein, are not necessarily comparable to similarly titled measures of other companies. For definitions of and additional information regarding Broadcast Cash Flow, EBITDA and Adjusted EBITDA and a reconciliation of such measures to the most comparable measures calculated in accordance with GAAP, please see the attachments to this press release.

Broadcast Cash Flow, EBITDA and Adjusted EBITDA are measures commonly used by financial analysts in evaluating performance of companies, including broadcast companies. Accordingly, Barrington believes that Broadcast Cash Flow, EBITDA and Adjusted EBITDA may be useful in assessing Barrington’s operating performance and its ability to meet its debt service requirements. Barrington also believes that these measures allow a standardized comparison between companies in the broadcast industry, while minimizing the differences from depreciation policies, financial leverage and tax strategies.

About Barrington

Barrington was formed in 2003 to acquire and operate television stations in smaller markets across the United States. Barrington currently owns and operates twenty network affiliated televisions stations and operates a twenty first station under a local marketing agreement. Barrington is owned and controlled by Pilot Group, with management as its partner. Pilot Group is a non-traditional private investment firm founded in 2003 by a group of operating executives who actively help its management partners achieve their goals.

Forward Looking Statements

The statements in this press release that are not historical facts are forward-looking statements that are subject to material risks and uncertainties. Investors are cautioned that any such forward-looking statements are not guarantees of future performance or results and involve risks and uncertainties, and that actual results or developments may differ materially from those in the forward-looking statements as a result of various factors. Such factors include those risks described from time to time in Barrington’s filing with Securities and Exchange Commission. These factors should be considered carefully and readers are cautioned not to place undue reliance on such forward-looking statements. Barrington does not undertake to update any forward-looking statements in this press release or with respect to matters described herein. Barrington’s results for the year ended December 31, 2007 are subject to the completion and filing with the Securities and Exchange Commission of its annual report on Form 10-K for such period.
For further information contact:

Warren Spector
Chief Financial Officer
Barrington Broadcasting Group LLC
Barrington Broadcasting Capital Corporation
847-884-1877
wspector@barringtontv.com

March 7, 2008 — Hoffman Estates, IL

Download PDF Version

Barrington Broadcasting Group LLC (“Barrington”) announced today that it will release its financial results for the year and quarter ended December 31, 2007 on March 17, 2008. Barrington will hold its earnings conference call at 11:00 AM (EDT) on Tuesday, March 18, 2008.

The dial-in information for the earnings call is as follows: 800-218-0530. A telephonic replay of the earnings call will be available beginning on March 18, 2008 at 1:00 PM (EDT) and remain available for 30 days. To access the replay please dial 800-405-2236 (domestic callers), or 303-590-3000 (international callers). The access code is 11110366#.

During the conference call, representatives of Barrington may discuss and answer one or more questions concerning Barrington’s business and financial matters. The responses to these questions, as well as other matters discussed during the call, may contain information that has not been previously disclosed.

About Barrington

Barrington was formed in 2003 to acquire and operate television stations in smaller markets across the United States. Barrington currently owns and operates twenty network affiliated televisions stations and operates a twenty first station under a local marketing agreement. Barrington is owned and controlled by Pilot Group, with management as its partner. Pilot Group is a non-traditional private investment firm founded in 2003 by a group of operating executives who actively help its management partners achieve their goals.
For further information contact:

Warren Spector
Chief Financial Officer
Barrington Broadcasting Group LLC
Barrington Broadcasting Capital Corporation
847-884-1877
wspector@barringtontv.com

November 9, 2007 — Hoffman Estates, IL

Download PDF Version

Barrington Broadcasting Group LLC (“Barrington”) announced today its financial results for the three months ended September 30, 2007 and for the nine months ended September 30, 2007.

Barrington’s consolidated financial results for the three months and nine months ended September 30, 2007 are presented below. The financial results for the comparative prior year periods are presented on a pro forma basis as if all acquisitions completed in 2006 were completed on January 1, 2006. Highlights are as follows:

• Gross revenues for the quarter ended September 30, 2007 decreased 4.2 % to $31.7 million from $33.1 million for the quarter ended September 30, 2006. The decrease was primarily due to decreases in political revenues as well as national revenues. Political revenues decreased $3.1 million to $0.2 million and national revenues decreased 3.2%, or $0.3 million, to $9.2 million for the quarter ended September 30, 2007. Local revenues increased $1.9 million, or 10.7%, to $19.7 million.
• Net revenues (gross revenues less agency commissions and other direct costs) for the quarter ended September 30, 2007 decreased 3.8% to $27.1 million from $28.2 million for the quarter ended September 30, 2006.
• Operating expenses for the quarter ended September 30, 2007, not including depreciation and amortization, increased 0.3%, to $20.6 million from $20.5 million for the quarter ended September 30, 2006.
• Broadcast Cash Flow (as defined herein) for the quarter ended September 30, 2007 decreased 7.7% to $7.8 million from $8.5 million for the quarter ended September 30, 2006.
• Gross revenues for the nine months ended September 30, 2007 decreased 3.0% to $96.2 million from $99.2 million for the nine months ended September 30, 2006. The decrease was primarily due to decreases in political revenues as well as national revenues. Political revenues decreased $5.1 million to $0.6 million and national revenues decreased 5.9%, or $1.8 million, to $28.5 million for the nine months ended September 30, 2007. Local revenues increased $4.0 million, or 7.2%, to $60.0 million.
• Net revenues (gross revenues less agency commissions and other direct costs) for the nine months ended September 30, 2007 decreased 2.9% to $82.2 million from $84.7 million for the nine months ended September 30, 2006.
• Operating expenses for the nine months ended September 30, 2007, not including depreciation and amortization, decreased 0.7%, to $61.1 million from $61.6 million for the nine months ended September 30, 2006.
• Broadcast Cash Flow for the nine months ended September 30, 2007 decreased 4.4% to $25.1 million from $26.3 million for the nine months ended September 30, 2006.

For more information regarding this financial information, including certain adjustments and assumptions, and a definition of Broadcast Cash Flow, see the attachments to this press release.

Barrington’s actual consolidated financial results for the quarter and nine months ended September 30, 2007 compared to Barrington’s actual consolidated financial results for the three months and nine months ended September 30, 2006, which 2006 results do not include substantially all stations acquired in 2006, are presented below. Highlights include:

• Net revenues for the quarter ended September 30, 2007 increased to $27.1 million from $20.6 million for the quarter ended September 30, 2006. Operating expenses, not including depreciation and amortization, increased to $20.6 million from $14.7 million for the third quarter of 2006. The increases were primarily due to the stations acquired from Raycom Media, Inc. which were only included in third quarter 2006 results from the August 11, 2006 acquisition date.
• Net revenues for the nine months ended September 30, 2007 increased to $82.2 million from $39.8 million for the nine months ended September 30, 2006. Operating expenses, not including depreciation and amortization, increased to $61.1 million from $29.2 million for the nine months ended September 30, 2006. The increases were primarily due to the stations acquired from Raycom Media, Inc. in August 2006. The results of those stations were only included in the results for the nine months ended September 30, 2006 from the August 11, 2006 acquisition date.

K. James Yager, Chief Executive Officer, commented that “while we are encouraged by our growth in local revenues in the third quarter, national spot revenues continue to be unreliable in certain of our markets.”

Conference Call

As previously announced, Barrington will host a conference call to discuss its third quarter results at 11:00 AM (EST) on Monday, November 12, 2007. The dial-in information for the earnings call is as follows: 1-800-366-3964. A telephonic replay of the earnings call will be available beginning on November 12, 2007 at 1:00 PM (EST) and remain available for 30 days. To access the replay, please dial: 800-405-2236 (for domestic callers), or 303-590-3000 (for international callers), and enter access code 11101548#.

During the conference call, representatives of Barrington may discuss and answer one or more questions concerning Barrington’s business and financial matters. The responses to these questions, as well as other matters discussed during the call, may contain information that has not been previously disclosed.

The information in this press release should be read in conjunction with the financial statements and footnotes contained in Barrington’s Quarterly Report on Form 10-Q to be filed with the Securities and Exchange Commission.

Non-GAAP Financial Measures

Broadcast Cash Flow, EBITDA and Adjusted EBITDA (each as defined in the attachments to this press release) are non-GAAP financial measures (i.e., they are not measures of financial performance under generally accepted accounting principles) and should not be considered in isolation from or as a substitute for consolidated statements of operations and cash flow data prepared in accordance with GAAP. Broadcast Cash Flow, EBITDA and Adjusted EBITDA, as used herein, are not necessarily comparable to similarly titled measures of other companies. For definitions of and additional information regarding Broadcast Cash Flow, EBITDA and Adjusted EBITDA and a reconciliation of such measures to the most comparable measures calculated in accordance with GAAP, please see the attachments to this press release.

Broadcast Cash Flow, EBITDA and Adjusted EBITDA are measures commonly used by financial analysts in evaluating performance of companies, including broadcast companies. Accordingly, Barrington believes that Broadcast Cash Flow, EBITDA and Adjusted EBITDA may be useful in assessing Barrington’s operating performance and its ability to meet its debt service requirements. Barrington also believes that these measures allow a standardized comparison between companies in the broadcast industry, while minimizing the differences from depreciation policies, financial leverage and tax strategies.

About Barrington

Barrington was formed in 2003 to acquire and operate television stations in smaller markets across the United States. Barrington currently owns and operates twenty network affiliated television stations and operates a twenty first station under a local marketing agreement. Barrington is owned and controlled by Pilot Group LP, with management as its partner. Pilot Group LP is a non-traditional private investment firm founded in 2003 by a group of operating executives who actively help its management partners achieve their goals.

Forward Looking Statements

The statements in this press release that are not historical facts are forward-looking statements that are subject to material risks and uncertainties. Investors are cautioned that any such forward-looking statements are not guarantees of future performance or results and involve risks and uncertainties, and that actual results or developments may differ materially from those in the forward-looking statements as a result of various factors. Such factors include those risks described from time to time in Barrington’s filing with Securities and Exchange Commission. These factors should be considered carefully and readers are cautioned not to place undue reliance on such forward-looking statements. Barrington does not undertake to update any forward-looking statements in this press release or with respect to matters described herein. Barrington’s results for the quarter ended September 30, 2007 are subject to the completion and filing with the Securities and Exchange Commission of its Quarterly Report on Form 10-Q for such period.
For further information contact:

Warren Spector
Chief Financial Officer
Barrington Broadcasting Group LLC
Barrington Broadcasting Capital Corporation
847-884-1877
wspector@barringtontv.com

November 2, 2007 — Hoffman Estates, IL

Download PDF Version

Barrington Broadcasting Group LLC (“Barrington”) announced today that it will release its financial results for the quarter ended September 30, 2007 on November 9, 2007. Barrington will hold its earnings conference call at 11:00 AM (EST) on Monday, November 12, 2007.

The dial-in information for the earnings call is as follows: 800-366-3964. A telephonic replay of the earnings call will be available beginning on November 12, 2007 at 1:00 PM (EST) and remain available for 30 days. To access the replay please dial 800-405-2236 (domestic callers), and 303-590-3000 (international callers). The access code is 11101548#.

About Barrington

Barrington was formed in 2003 to acquire and operate television stations in smaller markets across the United States. Barrington currently owns and operates twenty network affiliated television stations and operates a twenty first station under a local marketing agreement. Barrington is owned and controlled by Pilot Group, with management as its partner. Pilot Group is a non-traditional private investment firm founded in 2003 by a group of operating executives who actively help its management partners achieve their goals.
For further information contact:

Warren Spector
Chief Financial Officer
Barrington Broadcasting Group LLC
Barrington Broadcasting Capital Corporation
847-884-1877
wspector@barringtontv.com