By: Media company E.W. Scripps says it narrowed its loss in the third quarter despite another decline in revenue as the company continues to cut costs to cope with advertising declines hurting the industry.
The company, which owns TV stations and newspapers, posted a loss of $3.3 million, or 6 cents per share, compared with a loss of $16.8 million, or 31 cents per share, a year ago.
Revenue fell 19 percent to $186.4 million, while newspaper ad revenue fell 27 percent and television revenue dropped 22 percent.
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