E.W. Scripps reports 2Q profit gain
The E.W. Scripps Co. Monday reported its second-quarter revenue and net income up, and said its trends are expected to improve through the second half of the year, according to the Associated Press article posted on Business Week.
The Cincinnati-based company's net income reached $99.5 million, or $1.56 per share, in the second quarter, up from $2.3 million, or 4 cents per share, year-over-year, Market Watch reported.
Revenue increased 5 percent to $189 million, beating Analysts' expectation of $179.9 million.
The television unit had its revenue jumped, while newspaper's revenue slipped 4 percent.
"Thanks to shared sacrifice and difficult decisions across the company, we're now in a strong financial position and devoting our creative energies to new opportunities arising from the relentless evolution of media," according to Scripps President and CEO Rich Boehne, Business Week reported.
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![Digg](http://digg.com/submit?phase=2&&url=http%3A%2F%2Fwww.sfnblog.com%2Ffinancials%2F2010%2F08%2Few_scripps_reports_2q_profit_gains.php&bodytext=<form mt:asset-id="6742" class="mt-enclosure mt-enclosure-image" style="display: inline;"><img alt="scripps.jpg" src="http://www.sfnblog.com/scripps.jpg" width="104" height="104" class="mt-image-left" style="float: left; margin: 0 20px 20px 0;" /></form><p class="MsoNormal">The E.W. Scripps Co. Monday reported its second-quarter
revenue and net income up, and said its trends are expected to improve through
the second half of the year, <a href="http://www.businessweek.com/ap/financialnews/D9HG38GO0.htm">according to
the Associated Press article posted on Business Week</a>.</p>
<p class="MsoNormal"><br /><br />
</p><p class="MsoNormal">The Cincinnati-based company's net income reached $99.5
million, or $1.56 per share, in the second quarter, up from $2.3 million, or 4
cents per share, year-over-year, <a href="http://www.marketwatch.com/story/ew-scripps-revenue-rises-52-2010-08-09?reflink=MW_news_stmp">Market
Watch reported</a>.</p>
<p class="MsoNormal"><o:p> </o:p></p> &title=E.W. Scripps reports 2Q profit gain){kind=link}
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