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Midroll Media: $10-million operating revenue in Q2; comments from earnings call

Scripps-owned podcast content and advertising company Midroll Media booked $9.97-million in operating revenue in the second quarter, according to the SEC-filed 10-Q for E.W. Scripps. The roughly $10-million revenue represents a substantial gain of 35% over last year’s Q2 revenue for Midroll. Company executive comments from the earnings call. Continue Reading

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Scripps reshapes for the 21st century: cutbacks coming; radio laid off too

The venerable E.W. Scripps Company, a multimedia national player in newspapers, radio, television, and digital media, has announced a tectonic and identity-changing restructure plan. As with many corporate reinventions, headcount will be reduced over 12-18 months, costs will be lowered, technology will be centralized, resources will be optimized across divisions. And radio will be ditched entirely. Continue Reading