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E.W. Scripps newspaper segment profit plunged 88 percent in first quarter to $2.9 million on a severe downturn in advertising revenue, the Cincinnati-based company reported this morning.
The year-over-year results are for newspapers managed solely by Scripps.
Newspaper revenue dropped 21.7 percent to $2.4 million while advertising revenue declined almost 30 percent to $85.8 million.
Local advertising revenue was down almost 25 percent to $26.6 million. National fell 25.7 percent to $6 million. Classified revenue skidded 37.7
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