E. W. Scripps Company shares rise 4.98% premarket after Nexstar Media Group reported Q2 revenue beat expectations.

The E. W. Scripps Company rose 4.98% in premarket trading. The company reported a 5.8% decrease in Q2 revenue, which could be seen as a negative indicator. However, the stock's rise may be attributed to Nexstar Media Group's positive Q2 financial results, which included a profit of $97 million and revenue of $1.23 billion. This suggests that investors may be optimistic about the broader media sector, despite Scripps' own revenue decline.