Scripps Q2 TV segment up 4%
On 7/31, The E.W. Scripps Company and Journal Communications agreed to merge their broadcast operations and spin off and then merge their newspapers, creating two focused and separately traded public companies. But for now, Scripps reported consolidated revenues up 2%, or $4.1 million, to $212 million during Q2. Revenue from its TV segment rose 4% in Q2 to $115.8 billion to offset a 1.3% dip in newspaper revenue to $92.3 million.
The company reported a loss from operations before taxes of