Scripps Reports Third-Quarter Results

The E.W. Scripps Company SSP reported operating results for the third quarter of 2010. Consolidated revenues from continuing operations were $184 million, an increase of 8.6 percent from $169 million in the year-ago quarter. In the third quarter of 2010, the company reported a loss from continuing operations before income taxes of $34,000 compared with a loss of $6.9 million in the 2009 quarter. Income from continuing operations, net of tax, was $5.4 million, or 8 cents per share, in the 2010 quarter, compared with a loss from continuing operations of $5.7 million, or 11 cents per share, in the 2009 quarter. The tax benefit in 2010 was affected by an adjustment to the company's estimated reserve for uncertain tax positions based upon the settlement of the examinations of certain state and local tax returns.