From Net News Check
E.W. Scripps on (February 26) reported that consolidated revenue was up 32% to $260 million during the fourth quarter of 2012, buoyed primarily by political advertising and the acquisition of four TV stations. Excluding the new stations, revenue was up 14% compared with the same period a year ago.
The company’s newspaper division, however, saw its revenue drop 4.6% during the quarter. Circulation revenue was down 3.4% in the quarter, while print ad revenue fell 5.8%.
Digital revenue was one of the few bright spots for the division, edging up to $6.6 million. Pureplay digital revenue was up 12.8% for the quarter.
