In line Q2 results. The second quarter results were roughly in line with our estimates with revenues of $594.5 million versus our estimate of $603.0 million and adj. EBITDA of $140.2 million versus our estimate of $139.3 million. The biggest variance to our estimates was in the Scripps Networks business, which was adversely affected by weakened National and Direct Response advertising. Q3 guide is lower than our estimates, but not horrible. We are lowering our Q3 revenue estimate from $662.0 million to $638.5 million, which reflects 15% growth over the prior year comparable period. We are lowering our Q3 adj. EBITDA estimate from $207.5 million to $170.5 million. The revision reflects soft National advertising in its Networks business and weak Core advertising. The company should cycle to moderate expenses in its Network business in Q4. Read More >>