E.W. Scripps Co.’s first-quarter TV revenue dropped almost 21% from last year to $60.4 million, TVNewsday reports. While both local and broadcast TV revenues were down, retransmission revenue was up 41.5% and political advertising almost disappeared completely compared with the year-ago quarter, the site notes. The company attributes the losses to decreases in advertising from the automotive, retail and financial industries, TVNewsday adds.
—Sergio Ibarra