E.W. Scripps Q3 Loss Narrows, Misses Estimates - Quick Facts

(RTTNews) - Media company E.W. Scripps Co. (SSP) Friday reported third-quarter net loss attributable to the company of $1.3 million or $0.02 per share compared with a loss attributable of $8.9 million, or $0.16 per share last year.

Analysts polled by Thomson Reuters expected the company to report earnings of $0.06 per share for the quarter. Analysts' estimates typically exclude special items.

Quarterly revenues rose 9.5 percent to $208 million from $189.53 million a year ago, while analysts were looking for revenues of $217.05 million.

Television operating revenues increased 22 percent year-over-year, while newspapers saw a 4.4 percent decline in total operating revenue.

Looking ahead, for the fourth quarter, the firm expects television revenues, as a percentage, to increase in the upper 20s, including $33 million in political advertising and $15 million in retransmission revenue. Newspaper revenues are expected to decline in mid-single digits.