Radio Business Report
Television group revenues were up by a double-digit percentage in Q2, while the revenue decline for newspapers got smaller at the E.W. Scripps. The result was the first year-over-year revenue gain for the company since Q2 of 2008.
Q2 television revenues were up 22% to $74.8 million, with ad revenues up 26%. Local gained 13% to $42.3 million, national 32% to $22.2 million and political jumped to $4.4 million from only $333K a year earlier. Apart from ad sales, retransmission consent agreement fees rose 36% to $3 million and online revenues associated with the TV stations gained 29% to $1.9 million.
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Network comp was less than a quarter million, down from $1.9 million a year ago. More…