Scripps Company (SSP) Offers 2012 TV and Newspaper Sales Guidance
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Financial Fact:
Interest expense: -4.59M
Today's EPS Names:
BTTX, VAXX, ELYS, More
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The E.W. Scripps Company (NYSE: SSP) today provided a broad outlook for the revenue performance of its television stations and newspapers in 2012.
For the full year 2012, total television revenues should increase by more than 50 percent. That includes more than $100 million of revenue for the stations that were acquired from McGraw-Hill Broadcasting Company on December 30, 2011. The consensus is $829.63 for fiscal 2012.
Excluding the newly acquired stations, television revenue should increase more than 15 percent, fueled by low-to-mid-single-digit growth of core revenue, and political revenue that should exceed the $42 million figure reported in the previous presidential election cycle.
Newspaper revenue should be down slightly to approximately $400 million.
For the full year 2012, total television revenues should increase by more than 50 percent. That includes more than $100 million of revenue for the stations that were acquired from McGraw-Hill Broadcasting Company on December 30, 2011. The consensus is $829.63 for fiscal 2012.
Excluding the newly acquired stations, television revenue should increase more than 15 percent, fueled by low-to-mid-single-digit growth of core revenue, and political revenue that should exceed the $42 million figure reported in the previous presidential election cycle.
Newspaper revenue should be down slightly to approximately $400 million.
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