E.W. Scripps Co. (NYSE: SSP) reported Q2 EPS of $0.02, $0.10 worse than the analyst estimate of $0.12. Revenue for the quarter came in at $212 million versus the consensus estimate of $218.22 million.

Commenting on the second quarter, Scripps Chairman, President and CEO Rich Boehne said:

"In our television markets, good growth in local, political and digital advertising as well as retransmission revenue more than offset weakness in national advertising. Our digital-only sales force contributed significantly to the nearly 10 percent year-over-year increase in the TV division's digital revenue. More than half of our stations enjoyed digital revenue growth of more than 20 percent year-over-year.

"Also in television, we launched our duopoly strategy in Detroit with the addition of WMYD, purchased from Granite. WMYD, now the sister station of our long-time powerhouse WXYZ-Channel 7, debuted as a Scripps brand and already offers 17 hours per week of local news, leveraging the strength of the existing award-winning news operations at WXYZ. Also, at the Buffalo station, WKBW, we have begun work to rebuild the ABC affiliate's news brand and audience. Combined, we expect these two newly acquired stations to contribute more than $15 million of revenue and $5 million of segment profit in the second half of this year.

"In our newspaper division, subscription revenue rose again for the fourth consecutive quarter because of our gains in print and digital subscription bundles as well as targeted price increases. As a result, total revenue declined just more than 1 percent. We saw strength in real estate advertising, led by growth in Naples, Florida, and total expenses declined about 1 percent.

"Across all of our markets, we continue to evolve our digital and mobile products toward a goal of being the local leader in audience and revenue. In the second quarter, our local digital products benefitted from the addition of Newsy as a national and international video news source. Audience reaction was immediate and favorable, and Newsy contributed to our more than three-fold growth in valuable video views across our markets."

For earnings history and earnings-related data on E.W. Scripps Co. (SSP) click here.