Station operating expenses declined 2.2% to $22.0 million, reflecting the company’s ongoing efforts to manage costs in a soft local advertising market.
At 6:09 PM in Vatican City, 12:09 PM ET, the white smoke was seen from the Sistine Chapel. That meant at least a two-thirds majority -- meaning 89 separate Cardinals -- had cast their ballot to elect a new pope.
"We strategically use our scale to drive strong operating results and cash flow and facilitate organic growth initiatives as we further elevate The CW and NewsNation to top-tier networks."