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
The U.S. Food and Drug Administration said it now intends to review only a small subset of new emergency use authorization or EUA requests for diagnostic tests. As per an updated COVID-19 test policy with a view to ensure continued access to tests, the regulator further urged developers of all test types seeking marketing authorization to pursue traditional premarket review for most test types. Netflix, Inc. said it is adding a new feature to offer a more personalized mobile games experience on the platform. In a statement, Sophia Yang, Product Manager, Mobile Games, said the company is rolling out the ability to create game handles, with which members will be able to create a unique public username. This can be used across all Netflix games. General Motors Co. has delayed its plan to require employees to return to office many days a week until next year, reports said citing an internal memo signed by CEO Mary Barra. Last week, the company had announced that corporate workers would be required to return to respective offices at least three days a week, beginning later this year, as the COVID-19 pandemic eases.
RELATED NEWS
Follow RTT