TVNewser LostRemote AgencySpy PRNewser FishbowlNY FishbowlDC SocialTimes AllTwitter AllFacebook InsideFacebook InsideSocialGames InsideMobileApps

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.

Mediabistro Course

Online Production for Writers and Editors

Online Production for Writers and EditorsStarting July 17, learn how to create multi-dimensional content for your digital mediums! Taught by a multiplatform journalist, Darragh Worland will teach you how to create content that is multi-dimensional and editorially relevant, use the web to its full potential, create stories that have social media campaigns built in and increase your value as as an employee. Register now!