COMMENT: The Seattle company said its 2007 television revenue rose 3 percent from the previous year, as national advertising for English and Spanish-language stations offset cyclical reductions in political ads after the 2006 elections. Its fourth-quarter profit included a $26.2 million gain from the sale of about 700,000 shares of Safeco stock. Excluding that gain, the quarterly profit from continuing operations was $5.1 million, down from $7 million a year earlier. The company attributed the decrease to higher payroll-related and commission expenses.