Business News
Scripps to Report Second-Quarter Results; Webcast of Conference Call Available
Friday 11. July 2008 - The E. W. Scripps Company will report second quarter 2008 operating results before trading on the New York Stock Exchange begins Thursday, July 24. A telephone conference call with members of the company's senior management team will follow at 10 a.m. EDT.
Two of the company’s divisions — Scripps Networks and Interactive Media — were separated into a publicly traded company (Scripps Networks Interactive) at the start of the third quarter. The performance of those divisions will be included in The E. W. Scripps Company’s second-quarter results, and executives of Scripps Networks Interactive will participate in the conference call for a discussion of those operations.
Scripps will offer a live webcast of the conference call. To access the webcast, visit www.scripps.com and follow the “investor relations” link at the top of the page. The webcast link can be found under the “upcoming events” heading on the “investor relations” landing page.
On July 1, 2008, the operations that previously had comprised the Scripps Networks and Interactive Media divisions were spun off into a separate, publicly traded company, Scripps Networks Interactive (NYSE:SNI). Shareholders of The E. W. Scripps Company received as a tax-free dividend one share of SNI for every share of Scripps stock they owned as of June 16, 2008. In future periods, the operating results of the SNI businesses through the second quarter of 2008 will be reported in The E. W. Scripps Company’s financial statements as discontinued operations. Scripps Networks Interactive’s brands include television networks HGTV, Food Network, DIY – Do It Yourself Network, Fine Living Network and Great American Country, and their associated Internet businesses; and online comparison shopping services Shopzilla and uSwitch.