Consolidated revenues were $204 million, up 2.6% or $5.1 million, primarily due to the increases in retransmission revenue, political advertising and subscription revenue.
The company reported a loss from operations before income taxes of $0.8 million in the first quarter of 2014 compared to a loss of $7.6 million in the year-ago quarter.
Net loss attributable to Scripps was $0.6 million, or 1 cent per share, in the 2014 quarter and $2.7 million, or 5 cents per share, in the 2013 quarter.
Analysts polled by Thomson Reuters recently forecast a loss of 13 cents a share and revenue of $201.6 million.
TheStreet Ratings team rates EW SCRIPPS as a Hold with a ratings score of C. TheStreet Ratings Team has this to say about their recommendation:
"We rate EW SCRIPPS (SSP) a HOLD. The primary factors that have impacted our rating are mixed some indicating strength, some showing weaknesses, with little evidence to justify the expectation of either a positive or negative performance for this stock relative to most other stocks. The company's strengths can be seen in multiple areas, such as its solid stock price performance and largely solid financial position with reasonable debt levels by most measures. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, disappointing return on equity and poor profit margins."