Increased political advertising helped E.W. Scripps swing to a second quarter profit of $5.4 million, or 9 cents per share, the media company said today.
The same period last year the company lost $2.2 million, or 4 cents per share.
Scripps is the parent company of the Knoxville News Sentinel and the Memphis Commercial Appeal.
Revenues for the quarter rose 18.5 percent to $216.9 million from $183 million in the second quarter of 2011.
In case you missed it, here’s a link to my column in the business section of Sunday’s Knoxville News Sentinel.
In a nutshell, the column asserts that the economy remains painfully slow, but it is creating jobs and isn’t as bad as some on the far right suggest.
Not all readers shared my point of view, but thanks to all who took the time to post a comment.
Some readers posted a few questions that I will attempt to answer.