The drop in pro forma revenue was offset somewhat by a 10% increase in retrans revenue.
The board of directors of the E.W. Scripps Co. has declared a cash dividend for the third quarter of 2019. Scripps shareholders of record as of Sept. 13 will receive 5 cents per share, payable on Sept. 25. The dividend will be paid out of the company’s surplus.
The former NAB and station executive has more than 40 years of experience in broadcasting, communications and government relations.
Six years after acquiring the digital news upstart, E.W. Scripps is nudging Newsy closer to profitability and wider audiences. The largely millennial viewership sees Newsy’s “anti-partisan” approach as a balm to the louder polarities of its larger digital and cable peers.
SummitMedia is paying $47 million for the company’s final 19 outlets.
Most recently, Robert Kalutkiewicz was responsible for mergers and acquisitions at Tronc. Now he will oversee Scripps’ growth strategy and identify, develop and evaluate national media investment, acquisition and partnership opportunities.
The board of directors of The E.W. Scripps Co. on Wednesday declared a cash dividend for the third quarter of 2018. Scripps shareholders of record as of Sept. 14 will receive 5 cents per share on Sept. 25. The dividend will be paid out of the company’s capital surplus. The cash dividend is the company’s third since reinitiating a quarterly dividend in February.
Lotus Communications is buying the nine stations in Idaho and Arizona for $8 million. The sale is the third in a series of radio sale transactions for Scripps, which announced in January its intent to sell its portfolio of 34 radio stations in eight markets.
The three are the latest station groups that will employ end-to-end technology powered by automated intelligence to advance marketing solutions.
Scripps’ millennial-targeted OTT news network expects to be available in about 40 million cable homes by the end of next year after purchasing carriage contracts from the Retirement Living Television cable network for up to $23 million.