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Posts Tagged ‘Rich Boehne’

Scripps 3Q TV Station Revenue Up 22%

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The E.W. Scripps Company today reported that its TV station revenue was $121 million in the third quarter of 2014. That’s up $21.8 million, or 22%, from the same quarter in 2013. According to TVNewsCheck, the increase was fueled by a combination of higher local, political and digital revenue.

Here’s what the ad revenue looked like, broken down into categories:

  • Local, up 1.8% to $55.6 million
  • National, down 2.8% to $26.6 million
  • Political, $17.4 million compared to $1 million in the 2013 quarter
  • Retransmission fees, up 46% to $15.2 million
  • Digital revenue increased 8.5% to $4.6 million

High network fees linked to the increase in retransmission revenue was responsible for $2.3 million of the $10.9 million increase.

“Our local TV brands proved to be the venue of choice for candidates and issue backers in several of the most active election states,” Scripps chairman-president-chief executive officer Rich Boehne said in a statement. “For us, this is a low-cost revenue stream that at its peak displaces some core local advertisers. Now with the elections behind us, we expect core advertisers to return through the remainder of the fourth quarter.”

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Scripps’ Acquisition of WTMJ Presents Challenge to Milwaukee Newspaper

TMJThe pending acquisition of Milwaukee NBC affiliate WTMJ presents a challenge to the newspaper that gave the station its call letters, The Milwaukee Journal, now the Milwaukee Journal Sentinel.

As the Milwaukee Business Journal reports, Scripps has made digital a high priority, and that means targeting the Journal‘s lucrative online property, JSOnline:

The Milwaukee Journal Sentinel’s JSOnline attracts the most visitors of the local-news websites in town, but JSOnline may get a major new competitor in Milwaukee as a result of WTMJ-TV’s pending move to E.W. Scripps Co., which is starting to build digital news sites for its television stations.

“We can’t just watch newspapers build a revenue stream,” Scripps CEO Rich Boehne told the Business Journal. “We are eager to roll out and leverage our digital products and investments across the attractive Journal markets.”

Q4 Earnings: Scripps Television Station Revenue Drops 24%

scripps-negThe E.W. Scripps Company reported $115 million in revenue from television stations during the fourth quarter of 2013, a decrease of $36.7 million compared to the year-ago quarter. The drop was attributed to a decline in political ad revenue in the non-election year.

For the quarter, Scripps reported a 15% increase in local advertising revenue and a 22% increase in national advertising revenue. Retransmission fees were also up, growing 42% compared to the year-ago quarter.

“Our growing television operations finished 2013 strong, rebuilding their core local and national advertising categories in the off year for political spending and delivering strong growth in retransmission revenue,” Scripps chairman, president and CEO Rich Boehne said in a statement. “We expect our core business to grow again in 2014, and with the expected strength in political advertising in the second half, television is set up for a good year.”

It’s Official! Scripps Buying Granite Stations in Buffalo and Detroit

scripps logo_304x200E.W. Scripps has announced it really is buying Buffalo ABC Affiliate WKBW from Granite Broadcasting.

The station group announced it’s buying WKBW along with Detroit MyNetworkTV affiliate WMYD for $110 million in cash.

Rumors of the Buffalo sale have been swirling since Alan Pergament of The Buffalo News reported Scripps executives had toured the Buffalo station in December.

“These stations in Detroit and Buffalo will contribute strong cash flow to our core business, expand our reach in one of our best markets, and expand our TV footprint in partnership with ABC,” Rich Boehne, Scripps chairman, president and CEO said in a statement. Read more

E.W. Scripps Buys Digital Video News Startup

scripps logoE.W. Scripps has announced it has acquired Missouri-based digital video news provider Newsy for $35 million.

“Scripps is committed to participating in the future of digital media,” Adam Symson, senior vice president and chief digital officer for Scripps said in a statement. “Newsy is built for the digital audience, especially on the platforms we’re seeing emerge now with highly connected consumers.”

The digital video news provider produces and curates video news reports for web, mobile, tablet and connected TV. Newsy makes its money through selling advertising on its digital products, selling news and original content to brands like AOL/Huffington Post, Microsoft and Mashable and syndicating its content. Read more

Q2 Earnings: Scripps TV Revenue Down 5%

Revenue for the Scripps station group was $111.4 million in the second quarter of 2013, down $5.7 million from the year-ago quarter. An expected decline in political advertising lead to the loss in revenue. Excluding political advertising, the company’s television revenues increased 4.5%

Local and national advertising revenues were up 1.5% and 3.3%, respectively, in the second quarter. Retransmission revenue was up 34%, and digital revenue was up 14%. Expenses for the station group were down 1.6% due to lower syndicated programming costs, and profit in the television division also declined from $34.9 million in the second quarter of 2012 to $30.5 million this year.

“Although masked by the near absence of political advertising in 2013, the off year for elections, our core television revenues showed good growth on the strength of  expanding local audiences,” Scripps chairman, president and CEO Rich Boehne said in a statement.

Scripps Station Revenue Declines 2.8% in Q1

The E.W. Scripps Co. reported a $96.9 million in revenue from television stations in the first quarter of 2013, a 2.8% decline compared to the year-ago quarter.

Local advertising revenue was down 4.9% to $53.7 million and national advertising revenue was up 4.6% to $26.9 million. Digital revenue increased 23% and retransmission revenue increased 35% compared to the year-ago quarter.

“In the first quarter, which is our seasonally smallest revenue period, results were complicated by an expected absence of political advertising and difficult-to-predict advertising patterns coming out of 2012,” president, chairman and CEO Rich Boehne said in a statement. “These tough year-over-year revenue comparisons caused by cyclical political advertising will continue through the balance of 2013.”

Scripps TV Revenue Rises to $152M in Q4

Revenue from The E.W. Scripps Company’s television stations rose to $152 million in the fourth quarter of 2012, up from $84.7 million in the year-ago quarter. On a same station basis, revenue was up 39%.

Excluding the company’s newly-acquired stations, political advertising totaled $44.1 million for the quarter. The political ads were up significantly compared to the previous election cycle in Q4 2010 ($28.1 million) and the previous Presidential election cycle in Q4 2008 ($26.0 million).

Local advertising was up 11% to $54.9 million, while national advertising was up 12% to $25.9 million. On a same-station basis, local was down 12% and national was down 17% due to displacement caused by a surge in political advertising.

“Investing to expand our television portfolio and to improve our local news programming resulted in an attractive platform for political advertising and the most effective voice for election-year journalism ever staged by Scripps,” president and CEO Rich Boehne said in a statement.

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.

Scripps Reports 16% Decrease in Q4 Revenue, Looks to Future Following McGraw-Hill Acquisition

The E.W. Scripps Company today reported fourth quarter revenue of $84.7 million for its station group–a 16% decrease compared to the $101 million brought in during the same period a year ago.

Excluding political advertising, Scripps notched an 11.4% increase for the period, buoyed by a 14% jump in local advertising as well as 30% more in retrans revenue, compared to Q4 2010.

“We substantially repositioned Scripps in 2011, clearing the way for improved performance in 2012, enlarging our television footprint, and enabling an aggressive rollout of new digital products and services,” Scripps president and CEO Rich Boehne said. Read more

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