Scripps Hit On Costs, Digital Gains At New York Times
Scripps Networks Interactive (SNI) fell hard after posting weaker than expected fourth-quarter earnings, as it spent more to drive viewers to its HGTV, Food Network and other channels. But media giant The New York Times (NYT) climbed as more readers ponied up for digital newspaper subscriptions. Scripps reported adjusted fourth quarter 84 cents, 8 cents shy of analyst forecasts. Revenue climbed 9% to $604.7 million Expenses climbed 14%, largely on
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