UPDATE: Wells Fargo Downgrades The E.W. Scripps Company (SSP) to Market Perform
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Scripps reports fourth-quarter 2015 results
February 26, 2016 7:30 AM ESTCINCINNATI, Feb. 26, 2016 /PRNewswire/ --Â The E.W. Scripps Company (NYSE: SSP) today reported operating results for the fourth quarter of 2015. Unless otherwise indicated, all operating results comparisons are to the Scripps historical results for the fourth quarter of 2014, recast to reflect newspapers as discontinued operations.
For the quarter, the net loss from continuing operations was $21.5 million or 25 cents per share. The quarter included a $45.7 million non-cash pension settlement charge and Journal-related transaction and acquisition integration costs of $1 million. Excluding these charges, income from continuing operations would have been $7.8 million or 9 cents per... More
