Broadcast and cable company E.W. Scripps last week said its fourth-quarter and full-year profits surged, thanks to strong results at the company’s cable interests, particularly Scripps’ Home & Garden Television and Food Network properties. The Cincinnati-based company, which owns 10 broadcast stations in addition to cable channels DIY-Do It Yourself and Fine Living, reported that its profits soared 34 percent to $101.5 million for the quarter and 44 percent to $270.8 million for the year. Revenue for the quarter and full year soared 13 percent to $514.3 million and 22 percent to $1.9 billion, respectively. Scripps officials said the results were directly related to the strong performance of the company’s Scripps Networks unit, which owns the cable properties, and the company’s Shop at Home channel.
Jan 26, 2004 • Post A Comment