Revenue decline and rising costs in local-media unit

  • E.W. Scripps expects drop in 4Q local-media revenue
  • Local-media unit revenue to decline by low- to mid-double digit percentage
  • Costs in local-media unit to rise by mid-single digit percentage
  • Scripps Networks unit targeting 10% drop in 4Q revenue

E.W. Scripps is anticipating a decline in its local-media unit revenue for the fourth quarter, with expectations of a low- to mid-double digit percentage drop. This aligns with analysts’ predictions of a 13% decrease. Additionally, costs in the local-media unit are projected to rise by a mid-single digit percentage. In the Scripps Networks unit, the company is targeting a 10% drop in fourth-quarter revenue compared to the same period last year. Analysts had expected the unit to report flat revenue of $250.4 million. Overall, E.W. Scripps is bracing for challenges in its local-media and networks units in the upcoming quarter.

Factuality Level: 8
Factuality Justification: The article provides specific information about E.W. Scripps’ expectations for fourth-quarter revenue decline in its local-media unit and Scripps Networks unit. It also mentions the analysts’ expectations, which adds credibility to the information. However, the article lacks additional context or analysis, making it somewhat limited in terms of providing a comprehensive understanding of the situation.
Noise Level: 3
Noise Justification: The article provides straightforward information about E.W. Scripps’ expectations for their local-media and Scripps Networks units in the fourth quarter. It includes some data on revenue declines and cost increases, which gives some insight into the company’s performance. However, the article lacks in-depth analysis, scientific rigor, and actionable insights. It also does not explore the consequences of these results on stakeholders or hold powerful people accountable. Overall, the article is relatively short and lacks depth, which contributes to its lower noise level rating.
Financial Relevance: Yes
Financial Markets Impacted: The news article pertains to the financial performance of E.W. Scripps, a news broadcaster. It mentions a decline in revenue in its local-media unit and a drop in revenue in its Scripps Networks unit.
Presence Of Extreme Event: No
Nature Of Extreme Event: No
Impact Rating Of The Extreme Event: No
Rating Justification: The news article does not describe any extreme event. It focuses on the financial performance of E.W. Scripps and the expected decline in revenue in its local-media and Scripps Networks units.
Public Companies: E.W. Scripps (Unknown)
Key People:

Reported publicly: www.marketwatch.com