Scripps Expects Double Digit 2Q Growth
It predicts station revenue for the second quarter “be up in the high-teens percent range. That includes core ad revenue up in the mid-40% range,” CFO Jason Combs told analysts. And for the company’s networks division — the former Ion operation, Katz Networks and Newsy — revenues are expected to be up about 20%.
By Jack Messmer | May 7, 2021 | 12:18 p.m. ET.
The E.W. Scripps Co. is signaling Wall Street that even more robust growth is ahead after beating expectations for the first quarter. “Businesses have reopened, mask mandates are loosening and vaccine rates are rising. Americans are coming out of their homes, their wallets a little fatter with federal stimulus dollars, and advertisers are competing to capture them, Scripps President-CEO Adam Symson told analysts Friday morning following release of the company’s first quarter earnings.