Television stations are up 9.5%, cable networks post 15% gain, newspapers down 2.8%.
The E. W. Scripps Co. reported May revenue and statistics today and both its television stations and cable networks posted revenue gains.
At the company’s television station division, May revenue was up 9.5% to $31.7 million. Broken down by category, broadcast television revenue was:
- Local, up 9.8 percent to $20.4 million.
- National, up 6.9 percent to $9.9 million.
- Political, $700,000 compared with $100,000 in the year-ago period.
At Scripps Networks, revenue was up 15% to $97.3 million in May compared with the same month a year ago. May advertising revenue at Scripps Networks was up 12% and affiliate fee revenue increased 23%. Scripps Networks includes the company’s portfolio of national cable and satellite television networks, including HGTV, Food Network, DIY Network, Fine Living and Great American Country (GAC).
HGTV and Food Network can be seen in about 90 million and 89 million U.S. television households, respectively. DIY Network reaches about 37 million households and Fine Living can be seen in about 38 million households. GAC reached 41 million U.S. households in May.
At the company’s newspapers, total revenue was down 2.8% to $59.6 million. Newspaper advertising revenue was down 1.4% during May. The change in May newspaper revenue includes the effect of having four Sundays in the month compared with five in the same month a year ago.
Taking into account the relative year-over-year unevenness of the April and May reporting periods, the company said its newspaper revenue for the two months combined was up 4.7% compared to the same two-month period last year. Newspaper advertising revenue for the two-month period was up 6.3%, year over year.