Scripps Suffers A Steep Net Loss In Difficult Q2

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CINCINNATI — Just days after the company’s CEO in an internal memo confirmed that some 270 individuals would be losing their jobs as part of a “refounding” effort, The E.W. Scripps Co. late Thursday released a second quarter earnings report that is wholly effected by a massive $1.14 billon non-cash impairment charge and primarily linked to a nearly $50 million decline in operating revenue.


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