Press release from Scripps

The E.W. Scripps Company today reported operating results for the fourth quarter of 2013.

Core local and national television advertising revenue rose 17 percent, rebounding and growing in the near absence of political spending compared to 2012. However, total television revenues declined as expected when compared to the fourth quarter of 2012, which included record political spending.

Also in television, retransmission fees from cable and satellite providers moved up 42 percent.

Newspapers saw a 5 percent rise in subscription revenue, the second consecutive quarterly increase, from print and digital subscription bundles along with targeted price increases.

Scripps announced acquisitions in late 2013 and early 2014. The acquisition of Newsy, a digital video news service, for $35 millionin cash, closed in January. In February, Scripps reached agreement to acquire the ABC affiliate in Buffalo and a MyNetworkTV affiliate in Detroit from Granite Broadcasting Corp. for $110 million in cash.

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