Wednesday, January 10, 2007

Scripps considers unloading its newspaper business

Romenesko points to this Editor & Publisher article which discusses the talk that Scripps is looking into separating newspapers from its other business interests.

At present the newspaper division makes up "roughly 29% of the company's revenue," with its
network business comprising 42% and interactive properties 12%. Getting rid of newspapers, estimates Goldman Sachs analyst Peter Appert, could mean a growth in earnings for Scripps' "new media" businesses, which could potentially grow to 82% of the company's total revenue.

Scripps owns daily and community papers in California, Colorado, Florida, Indiana, Kentucky, New Mexico, Ohio, South Carolina, Tennessee, Texas and Washington.


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