E.W. Scripps reports $3.5 million loss for third quarter
05 Nov 2009
The E.W.Scripps Company just reported a net loss from continuing operations of $3.5 million for Q309, up from the prior year's $3.1 million loss. Consolidated revenues were $186 million.
TV station revenue was down 22 percent year over year, with local ads down 15 percent, national advertising decreasing 18 percent, and political ads about one tenth of what they had been in the 2008 U.S.