Feb 23 (Reuters) - EW Scripps Co:
* Reports fourth-quarter results
* Q4 earnings per share $0.22 from continuing operations
* Q4 revenue fell 18 percent to $217 million
* Says strategic options weighed for united media
* Among possible outcomes of exploratory process are sale or jv involving all
or part of united media licensing
* Says year-over-year revenue from scripps newspapers fell 15 percent to $117
million
* Says for the full year 2010, capital expenditures are expected to be
approximately $20 million
* Says expects to receive at least $45 million in federal tax refunds in 2010
* Believes improving business trends reported in the fourth quarter of 2009
will continue in the first quarter of 2010
* Says during the coming year, the company will continue to implement the
restructuring of certain functions
* Another option is to keep operating business if it determines more long-term
value can be created by retaining it
* Sees 2010 restructuring charges of up to $22 million
((Bangalore Equities Newsroom; +91 80 4135 5800; within U.S. +1 646 223 8780))
(For more news, please click here) COPYRIGHT Copyright Thomson Reuters 2010. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
* Reports fourth-quarter results
* Q4 earnings per share $0.22 from continuing operations
* Q4 revenue fell 18 percent to $217 million
* Says strategic options weighed for united media
* Among possible outcomes of exploratory process are sale or jv involving all
or part of united media licensing
* Says year-over-year revenue from scripps newspapers fell 15 percent to $117
million
* Says for the full year 2010, capital expenditures are expected to be
approximately $20 million
* Says expects to receive at least $45 million in federal tax refunds in 2010
* Believes improving business trends reported in the fourth quarter of 2009
will continue in the first quarter of 2010
* Says during the coming year, the company will continue to implement the
restructuring of certain functions
* Another option is to keep operating business if it determines more long-term
value can be created by retaining it
* Sees 2010 restructuring charges of up to $22 million
((Bangalore Equities Newsroom; +91 80 4135 5800; within U.S. +1 646 223 8780))
(For more news, please click here) COPYRIGHT Copyright Thomson Reuters 2010. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
© 2010 AFX News
