Scripps - TV up, Papers Down

Scripps told investors in Miami Tuesday that its television revenue will jump 50 percent in 2012, thanks in part to nine stations it recently acquired from McGraw Hill Broadcasting Co. Even without the new stations, television revenue is predicted to grow 15 percent. Newspaper revenue will continue to decline, however. Forecasted revenue for 2012 is expected to fall to $400 million in 2012. That would represent a slight decline from 2011, but a dip of more than $168 million from 2008 levels. Read more at the Business Courier