E W Scripps Co. (SSP) on Friday reported net loss for the first quarter of $11.8 million or $0.15 per share, wider than net loss of $6.8 million or $0.08 per share. The company noted that its first-quarter financial results were affected by the COVID-19 pandemic.
Pre-tax costs for the current quarter included $4.9 million of acquisition and related integration costs that increased the loss by $3.7 million, net of taxes, or $0.05 per share.
Total operating revenue for the quarter grew 47.5 percent to $430.91 million from $292.16 million in the prior-year quarter.
This includes revenues from the television stations acquired from Cordillera Communications on May 1 and from the Nexstar transaction with Tribune on September 19, totaling $95.8 million.
On average, analysts polled by Thomson Reuters expected the company to report loss of $0.09 per share for the quarter on revenues of $435.8 million. Analysts' estimates typically exclude special items.
Looking ahead, Scripps said it has suspended issuing new guidance because of the economic uncertainty caused by the COVID-19 pandemic.
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Business News
December 19, 2025 15:10 ET U.S. inflation data and interest rate decisions by major central banks were the highlights of this busy week for economics news flow. Employment data and survey results on the housing markets also gained attention in the U.S. In Europe, the European Central Bank and Bank of England announced their policy decisions and macroeconomic projections.