logo
  

E.W. Scripps Posts Q1 Loss Per Share From Cont. Ops. - Quick Facts

The E.W. Scripps Company (SSP) reported a first quarter loss per share from continuing operations of $0.10 compared to a loss of $0.09, prior year. The company noted that its current-year quarter included items that decreased income from continuing operations by 36 cents per share.

First quarter operating revenues increased to $540.92 million from $414.22 million, prior year. Revenue from Local Media was $313 million, down 3.8% from prior year. Local Media core advertising outperformed expectations, up 2% on an adjusted-combined basis, driven by a rebound in the advertising market and strong sales execution.

On March 31, cash and cash equivalents totaled $538 million while total debt was $3.8 billion.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
Drug major Pfizer has again expanded the earlier two recalls of its anti-smoking Drug Chantix (Varenicline) in the form of tablets, to now include all the lots, for the potential presence of nitrosamine impurity, N-Nitroso- varenicline, at or above the FDA interim acceptable intake limit (ADI), the U.S. Food and Drug Administration or FDA said in a statement. Department store chain Sears is closing down its last store located in its home state of Illinois, CNBC reported. The company, which was founded in Chicago in 1892, plans to shut the shop, located in Simon Property Group's Woodfield Mall, on November 14. Sears' parent company, Transformco, which also manages the real estate, said it plans to maximize the value of the Woodfield Mall property and Amazon said over 1 million people have applied for a job at the tech major as part of its Career Day 2021. Job seekers from more than 170 countries have participated in the virtual event. In addition, more than 2,000 Amazon recruiters offered 30,000 individual career coaching sessions with participants in a single day.
Follow RTT