Scripps Revenue Jumps

The networks operation posts another strong month.
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E.W. Scripps

(SSP) - Get Report

said revenue at its networks division rose 23% from a year ago to $78 million last month.

The Cincinnati-based newspaper and TV company said February's results showed continued strength at its cable outlets, including popular home and lifestyle networks including HGTV and Food Network, and incremental revenue from the Winter Olympics and the Super Bowl.

In the newspaper division, revenue rose 5.2% to $58.9 million, as newspaper advertising grew 6.7% during February. Classified ads rose 12%, but national advertising fell 13%. Preprint and online advertising compensated for the national drop, rising 9.5%.

At the company's 10 broadcast television stations, February revenue was up 34% to $30.2 million, driven by the Super Bowl on six of its ABC affiliates and the Olympics on the company's three NBC affiliated stations.

The company, for competitive reasons, does not report monthly revenue from its online comparison-shopping subsidiary Shopzilla.

On Tuesday, Scripps shares rose 39 cents to $47.69.