Q1 broadcast results: E.W. Scripps TV station ad sales gained 3.2...
Q1 broadcast results: E.W. Scripps TV station ad sales gained 3.2 percent from a year earlier to $69 million. Local ad sales gained 3.5 percent to $41.1 million, political ad sales fell 50 percent to $444,000 and national ad sales…
Sign up for a free preview to unlock the rest of this article
Communications Daily is required reading for senior executives at top telecom corporations, law firms, lobbying organizations, associations and government agencies (including the FCC). Join them today!
fell 1 percent to $20.0 million, it said. Compensation from the broadcast networks is a thing of the past for its ABC and NBC affiliates, Scripps said. It took in nearly $800,000 in network compensation in Q1 2010 but none in Q1 2011, it said. Retransmission consent fees gained 47 percent from a year earlier to $4 million, and digital sales gained 29 percent to $2.1 million. Profit at the TV division fell 4.3 percent to $6.3 million. … Entercom ad sales gained 2 percent from a year earlier to $82.5 million while expenses grew 4 percent to $61.8 million. Results were largely in line with analyst expectations, Noble Financial’s Michael Kupinksi wrote investors on Tuesday. “The acceleration in revenue that was anticipated seems to be pushed out a quarter or two.” Shares of Entercom fell 10 percent on Tuesday. … Fisher Communications TV ad sales gained 9 percent from a year earlier to $29.1 million. Local and national ad sales, excluding political spots, gained 9 percent to $22.8 million and TV cash flow gained 47 percent to $4.7 million. Online ad sales gained 89 percent to $1.2 million, about 5.5 percent of all TV sales. Sales at Fisher’s radio stations fell 1 percent from a year earlier to $5.2 million and cash flow at the stations fell 14 percent to $304,000.