Rochester, NY 8/12/2009 1:57:32 PM
After Hours - The E. W. Scripps Company SSP - E. W. Scripps Earnings Decrease of 23 percent
The E. W. Scripps Company SSP
E W Scripps recently reports its second quarter and its move along profits of second quarter 2009, but its deceiving in comparison because of a $525 million impairment charge it took on its newspaper biz in second quarter of 2008.
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.
E W Scripps, on its revenue side, it earned $194 million, a 23 percent decrease from $251 million in second quarter of 2008. Division wise, revenue from TV station was $61.1 million, a decrease of 24 percent from second quarter of 2008. In its newspaper division, papers managed solely by Scripps fell 22 percent to $113 million; ad revenue was down 29 percent to $79.4 million. Also in second quarter, it reported a loss of $900K reflecting final costs for shutting 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.
