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.
Tune in online this afternoon and watch my corporate boss ring the closing bell at the New York Stock Exhange.
Rich Boehne, president and CEO of E. W. Scripps, parent company of the News Sentinel, is scheduled to ring the bell at 3:59 p.m. to celebrate the 20th anniversary of the company trading its stock.
Asking celebrities and corporate execs to ring the opening and closing bells is a relative young NYSE tradition, but it is considered quite an honor in the corporate world. It’s also interesting to see who the company sends to stand with the designated bell ringer.
Cincinnati-based Scripps operates 14 daily and community newspapers and 10 broadcast TV stations.
Photo: In this file photo E. W. Scripps President and CEO Rich Boehne speaks during a ceremony to mark the opening of the Scripps Convergence Lab at the University of Tennessee on Friday, Jan. 28, 2010. (News Sentinel/Amy Smotherman Burgess)