E.W. Scripps Co. (SSP) Misses Q3 EPS Views; Issues Q4 Outlook

E.W. Scripps Co. (NYSE: SSP) reported Q3 EPS of ($0.29), $0.26 worse than the analyst estimate of ($0.03). Revenue for the quarter came in at $190 million versus the consensus estimate of $186.63 million.

The guidance below is in comparison to the adjusted combined results explained above and outlined beginning on page E-7.

In the fourth quarter of 2015, management expects:

• Television revenue to be down low to mid teens. Political revenue to be about $4 million, compared to $43.9 million in the prior-year period.
• Television expenses to increase about 10 percent, primarily due to higher programming fees.
• Radio revenue to be down mid-single digits.
• Radio expenses to be down low to mid-single digits.
• Digital revenue to be up in the mid-30 percent range.
• Digital expenses to be up nearly 30 percent.
• Expenses for shared services and corporate to be about $11 million.

For earnings history and earnings-related data on E.W. Scripps Co. (SSP) click here.

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