E.W. Scripps Down in August

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By: E&P Staff

E.W. Scripps reported today that newspaper revenue for August was down 3.8% to $56.6 million when compared to the same period last year. There was one fewer Sunday in the month compared to August of last year. For the two-month period, July and August, total newspaper revenue was up 3%. Newspaper advertising revenue for the two-month period was up 4.3%.

Reflecting one fewer Sunday, for the month of August, local advertising was down 5.3% to $12 million. Classified declined 2.1% to $18.5 million. National slipped 0.8% to $3.4 million. Circulation revenue dropped 10% to $10 million.

The company’s share of profits from its joint newspaper operations, before editorial costs, was $5.5 million compared with $6.3 million in August 2004.

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