Tag Archives: Memphis Commercial Appeal

Analysts expect profit swing from E.W. Scripps

Analysts are looking for media company E.W. Scripps to report a turnaround from a year ago when it releases its third quarter financial statement on Friday.

Scripps, the parent company of the Knoxville News Sentinel and the Memphis Commercial Appeal, is expected to report a profit of about 9 cents per share compared to a loss of 9 cents per share in the third quarter last year.

Revenues are projected to be up about 27 percent to $214 million for the quarter.

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E.W. Scripps swings to 2Q profit on political advertising

Increased political advertising helped E.W. Scripps swing to a second quarter profit of $5.4 million, or 9 cents per share, the media company said today.

The same period last year the company lost $2.2 million, or 4 cents per share.

Scripps is the parent company of the Knoxville News Sentinel and the Memphis Commercial Appeal.

Revenues for the quarter rose 18.5 percent to $216.9 million from $183 million in the second quarter of 2011.

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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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