Question-and-Answer Session
Operator
Thank you. (Operator instructions) And we'll take our first question from Marci Ryvicker with Wachovia. Please go ahead.
Marci Ryvicker – Wachovia Securities
Hey, Bart, first I just want to thank you for your service and wish both you and Gregg luck in your new endeavors. And I have a couple of questions. Vince, you mentioned that local is now feeling the impacts of the economy. Is that to mean that local and national are pretty much pacing on par with each other in the third quarter? Or is local still doing better than national, although it's still pretty weak? And then secondly, you talked about how the increase, Bart, in the third quarter is due to political and digital, what about the Olympics? And how have Olympic sales been? We heard from one of your peers last week that the sales have been a little bit tougher to make than in the past years.
Vincent Sadusky
Yes. Good morning, Marci. With regard to local revenue, it was – I would describe it as kind of the second scenario that you mentioned. Local is clearly pacing better than national. It's been pacing better than national year and that continues in to the third quarter as well, but it's weak, and its again as Scott mentioned we're seeing it in all categories, but now primarily with the automobile dealers, it's also impacting the dealers as well as the national automotive dollars as well. And as far as the Olympic sales go, our Olympic sales have done very well in the third quarter, same as they have done in previous years, but rates are a bit lower, as the economy is tough right now, that's I think to be expected. But the other thing kind of keep in mind with the Olympics is, we do well on our NBC stations, but we think it's the right strategy to have a good diversity of network affiliations. So we actually have more stations that don't have an NBC affiliation of course that our number of stations that do have an NBC affiliation. So we do get incremental dollars on the Olympic front, but it's also tampered by the stations that don't have Olympics.
Marci Ryvicker – Wachovia Securities
Do you have an Olympic projection for the third quarter? Do you know what you are going to do?
Vincent Sadusky
We have not shared that with folks, no.
- To read the full transcript on Seeking Alpha, click here »
