Benchmark Comments on LIN Television Corporation's Q4 10 Earnings (TVL)

Benchmark is out with its report today on LIN Television Corporation TVL, commenting on TVL's Q4 10 earnings.

In a note to clients, Benchmark writes, "LIN TV reported better-than-expected 4Q10 results. Net revenue was $125 million, well above our estimate of $121 million and guidance of $118-$124 million, driven by better growth across all three segments, local, national and digital. Adjusted EBITDA of $53 million exceeded our $46 million forecast on lower costs, while adjusted diluted EPS of $0.39 compared very favorably with our estimate of $ 0.29."

Benchmark maintains Buy and a $6 PT on TVL.

Shares of TVL closed Wednesday at $4.90, down 2.39% from Tuesday's close.