Yes, The E.W. Scripps Co. swung to a net loss in the third quarter of 2023. Due to advertising softness coupled with poor comps due to record 2022 political revenue, this is no surprise, as the six analysts who cover Scripps acknowledged when factoring their earnings per share forecasts for the company that owns TV stations, digital multicast networks and seeks to grow its sports fortunes.
The consensus estimate from the analysts was for Q3 EPS of -$0.22. Scripps did better than that. Yet, the outlook for Q4 continues to bring ho-hum news for those looking for fast growth.
