Rochester,NY 8/10/2009 8:41:00 PM
The E. W. Scripps Company .SSP earnings falls down 23 Percent.
The E. W. Scripps Company
E W Scripps, the newspaper and TV station media company, has said its Q209 numbers, and it raised up to Q209 profit, but the topline figure is misleading in comparison because of a $525 million impairment deal it took in Q208 previous year on its newspaper biz.
http://StockEinstein.com offers free daily stock alerts on companies ready to run. Scroll to the bottom of this page to signup for free stock alerts and visit our site.
On profit side, it earned $194 million, a 23 percent decrease from $251 million in Q208. Division wise, revenue from TV station was $61.1 million, a decline of 24 percent from Q208.
In its newspaper division, papers managed solely by Scripps fell 22 percent to $113 million; ad revenue dipped down by 29 percent to $79.4 million. Also in Q2, it reported a loss of $900K reflecting final costs for closing down the Rocky Mountain News earlier in Feb.
StockEinstein.com has a dedicated team uncovering stocks ready to break and run. We apply time tested criteria and when one of these stocks meets or exceeds our benchmarks, our subscribers are immediately notified directly to their in-box.
This is a free service available only to our subscribers. Scroll to the bottom of this page to signup for free stock alerts and visit our site.
During 2009 our alerts have resulted in an average price gain of 80%+.
Disclaimer: Full disclaimer at http://StockEinstein.com/disclaimer.php
IMPORTANT: Never invest in any stock featured in any press release, email or website unless you can afford the loss of your entire investment. Stocks and particularly penny stocks have the possibility for dramatic gains, and also losses. Neither StockEinstein, nor any of its affiliates are registered investment advisors or broker dealers.
