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Q3 Earnings: Scripps Reports 41% Increase in Same-Station Revenue

The E.W. Scripps Company today reported third quarter revenue of $125 million for its station group, compared to $70 million during the same period last year. On a same-station basis, Scripps says revenue increased +41%, to $98.8 million, in Q3.

Compared to the year-ago quarter, the station group reported a +25% increase in local advertising and a +39% increase in national advertising. Political advertising for Scripps brought in $33.9 million in the third quarter of 2012, compared to $2 million in the 2011 quarter.

“In the television division, our investments in local news content, original programming to replace underperforming syndicated shows, and in sales infrastructure to maximize political dollars are all showing strong returns on investments,” Scripps president and CEO Rich Boehne said in a statement.

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