Tag Archives: political advertising

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.

Continue reading

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.

Continue reading