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Tribune Media, recovering from the aborted takeover by Sinclair Broadcast Group, swung to a profit in the third quarter on big increases in political advertising and retransmission consent payments. Net income was $54.1 million, or 61 cents a share, compared to a loss of $18.7 million a year ago. ...
Read more: Post-Sinclair, Tribune Media Reports Third-Quarter Profit
The E.W. Scripps Co. swung to a third quarter profit as revenues were boosted by local political ad sales revenue from Katz Broadcasting, acquired a year ago. Income from continuing operations was $20 million, or 24 cents per share, compared to a loss of $27.6 million, or 34 cents per share. ...
Read more: Political Ads Help Scripps Post Profit in Third Quarter