Revenue Rise For Scripps Posted on November 9, 2022 at 02:40:19 PM by Bimbo Bitch GM
Despite the fact that your boss has likely been telling you that times are tough and we have to pullback on overtime and we can only afford a tiny raise, media companies continue to rake in millions of dollars.
Scripps saw their 3rd quarter revenue climb 14% over last year.
Just in political ads alone, Scripps pulled in over $60 million dollars. Last year that figure was just $7 million.
In retransmission fees, Scripps saw an increased 7.3% to $165 million bucks, all for a signal that they give away free over the air.
Nexstar set a record, pulling in $1.27 billion dollars and was up over 10%. The company made over $640 million bucks in retransmission fees alone.
Despite bringing in double digit percentage increases, why are they telling you that can only give you a 1 1/2% raise?
Might be a good question to ask your boss.
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