Biz Briefs

Jan 26, 2004  •  Post A Comment

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.