Hearst-Argyle Television Inc. (HTV)

Hearst-Argyle Television, Inc., together with its subsidiaries, engages in the ownership and operation of network-affiliated television stations in the United States. The companys programming includes three components consisting of programs produced by networks with which it is affiliated, such as ABC's Desperate Housewives, NBC's Law and Order and CBS' CSI: Crime Scene Investigation, and special event programs, such as The Academy Awards and the Olympics; programs that it produces, such as local news, weather, sports and entertainment; and first-run syndicated programs that it acquires, such as The Oprah Winfrey Show and Entertainment Tonight. Its stations also provide public service announcements and political coverage, as well as sponsor community service projects and other public service initiatives. As of December 31, 2008, the company owned or managed 29 television stations, including 10 stations affiliated with NBC, 13 ABC affiliated stations, 2 CBS affiliated stations, 1 CW affiliated station, and 1 station affiliated with MyNetworkTV; and managed 1 CW station, and 1 independent station and 2 radio stations owned by The Hearst Corporation. The company was founded in 1994 and is headquartered in New York, New York. Hearst-Argyle Television, Inc. is a subsidiary of Hearst Holdings, Inc.

For the nine months ended 30 September 2006, Hearst-Argyle Television Inc.'s revenues increased 7% to $551M. Net income applicable to Common decreased 40% to $54.6M. Revenues reflect an increase in net digital revenue, increased retransmission revenue, higher revenue from retail, financial & telecommuniation categories. Net income was offset by higher salaries, benefits & other operating costs and increased depreciation & amortization charges.