Monday, March 2, 2009

E.W. Scripps confirms loss in 4th-quarter

Media company E.W. Scripps Co. — which shuttered the nearly 150-year-old Rocky Mountain News in Denver last week — on Monday posted a loss fourth-quarter loss, hurt by lower revenue and impairment charges.

Scripps, which owns a chain of local newspapers and TV stations, lost $12.6 million, or 24 cents per share, in the fourth-quarter, compared with a loss of $255.9 million, or $4.72 per share last year.

Revenue fell 6 percent to $264.9 million from $282.3 million last year.

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