Scripps has been trying to do something no company has successfully done in history, trying to cut their way to prosperity.

While Scripps has been putting good people out of work for months and months, it still lost money in the first quarter.

The company reported their earnings and year over year, they lost almost 8%.

The company says they lost just over 3% in advertising. Political revenue was down nearly $12 million bucks and cord-cutters cost them another $10 million.

Despite the losses, Scripps CEO Adam Symson did his best to try and spin the earnings report, “We began the year strong, outperforming financial expectations despite an uncertain macroeconomic environment. In the Scripps Networks division, effective sales execution combined with disciplined expense management produced our highest margins since Q4 2022. With the return of the women’s sports seasons, we are optimistic about the division’s growth outlook in the second and third quarters.”

Symson spoke a lot about women’s sports and their effort to sell the franchise. What he didn’t talk about was journalism and news gathering.

Scripps has gutted most of their station’s news departments and many of the Scripps stations’ stations newscast are pre-recorded.

It’s so sad to watch what once was a solid company when it came to journalism, just basically have given up on it completely.