Scripps’ local media revenue climbs 10% on retransmission fees
Scripps reported an 8% increase in Q1 revenue, reaching $587 million. This growth was primarily driven by its Local Media segment, which saw a 10% revenue gain to $455 million, attributed to higher retransmission fees.
Key Takeaways
- Q1 revenue increased 8% to $587 million.
- Local Media revenue rose 10% to $455 million.
- Higher retransmission fees were a stated driver of Local Media growth.
- The article cites resilient local demand alongside retransmission fees.
Why It Matters
Scripps’ quarter shows that retransmission fees are still doing real work in the company’s revenue mix, with Local Media accounting for $455 million of the $587 million total. That matters because it highlights how broadcast-adjacent distribution income can offset softer spots elsewhere, at least in this report. The broader streaming ecosystem should read this as another reminder that local media economics still hinge on carriage and fee dynamics, not just audience growth. Next to watch: whether Scripps can maintain Local Media growth if retransmission fee gains slow.
Read full article at msn.com
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