Tag Archives: media

Analysts say E.W. Scripps to report 4Q profit, revenue decline

Wall Street expects media company E.W. Scripps to report a profit of 17 cents per share and a continued decline in revenue for the 2011 fourth quarter.

The parent company of the Knoxville News Sentinel and the Memphis Commercial Appeal plans to release its latest earnings report on Friday.

Scripps beat analyst expectations in the third quarter after missing in the previous two quarters.

Looking ahead, the company projects a strong increase in television revenue in 2012 due to increased political advertising and the recent acquisition of nine TV stations from McGraw-Hill Broadcasting Co.

ce last summer.

 

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Murdoch lawyered up, he should of manned up

It was evident from his televised testimony during a Parliament hearing that Rupert Murdoch had lawyered up. He should have manned up.
Murdoch Web 2_0.JPGIt’s one thing to say your underlings let you down and their underlings let them down.

But not once did the head of the powerful News Corp. organization accept responsibility for the phone hacking scandal.
My guess is that the best lawyers that money can buy told the media baron just how far he could go.
Apaprently, being a man was going too far.

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