Wednesday, April 25, 2007

UPDATE 1-Scripps profit drops with weaker print and Web

(Reuters) - Scripps said its cable networks HGTV and the Food Network continued to post double-digit growth, with revenue up 13 percent at the division that houses the two channels and segment profit up 20 percent.

But weak newspaper advertising in Florida and a year without Olympic broadcasts or political advertising for its television station group weighed on results. The company also said it posted a loss for its Internet businesses as the company invested more to beef up its sites.


Read more at Reuters.com Market News

No comments: