03.20.2009 01:25 PM
Scripps TV Stations Hold Steady
The 10 E.W. Scripps TV stations generated revenues of $93.4 million, up more than 2 percent over 4Q07. Net income was $31.1 million, up more than one percent over the comparable period. For the full year, TV revenues were flat at around $327 million. Net income fell 4 percent to $80.6 million.

The Scripps operations ended 4Q08 with an operating loss of $11.5 million on revenues of $265 million. Net loss for the quarter was $12.6 million, exacerbated by a $42 million impairment charge.

For the full year, E.W. Scripps (NYSE: SSP) posted a $632.3 million loss on $1 billion in revenues. Net loss for the year was $476.6 million.

The company on Feb. 19 reported it would post a 4Q operating loss of $19.4 million on likewise revenues, and write down $31 million. In early March, it shut down its Colorado newspaper, the Rocky Mountain News, increasing impairment. The quarterly revision was also motivated by tax miscalculations related to last year’s spin-off of Scripps Networks.

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Tuesday 03:07 PM
WMUR-TV Says FAA Drone Rules Preclude ENG
The FAA’s current rules and proposed ban on flight over people, requirement of visual line of sight and restriction on nighttime flying, effectively prohibit broadcasters from using UAS for newsgathering. ~ WMUR-TV General Manager Jeff Bartlett

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