Tuesday, March 2, 2010
Earnings season, Part 2: Intel from the quarterly filings of Scripps, Belo, WaPo, and Journal Communications
As a followup to my report on fourth-quarter 2009 earnings reports from most of the major public newspaper firms, we now have earnings releases from E. W. Scripps, A. H. Belo, the Washington Post Co. and Journal Communications (leaving only Gatehouse Media without a report).
The releases from this group followed the script set by the earlier reports: Newspaper ad revenue and total revenue were down (as noted, for the 14th quarter in a row), online revenue was a mixed bag, and quarterly profits were up due to repeated rounds of aggressive cost-cutting during the year.
Here are the particulars by company:
CONTINUE READING THIS POST AT Nieman Journalism Lab.