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E.W. Scripps Slips To Loss In Q4
(RTTNews) - Media company E.W. Scripps Co. (SSP) reported Friday a net loss attributable to the shareholders for the fourth quarter of $268.34 million or $3.17 per share, compared to net income of $72.97 million or $0.84 per share in the prior-year quarter.
Operating revenue for the quarter declined 9.6 percent to $615.77 million from $680.94 million in the same quarter last year.
On average, analysts polled by Thomson Reuters expected the company to report earnings of $0.15 per share on revenues of $602.0 million for the quarter. Analysts' estimates typically exclude special items.
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