Media Companies Announce Financial Results, Offer Support and Plan Divestitures - Research Report on Thomson Reuters, The Washington Post, Gannett, E. W. Scripps, and The New York Times

NEW YORK, August 15, 2013 /PRNewswire/ --

Editor Note: For more information about this release, please scroll to bottom.

Today, Analysts' Corner announced new research reports highlighting Thomson Reuters Corporation (NYSE: TRI), The Washington Post Company (NYSE: WPO), Gannett Co., Inc. (NYSE: GCI), The E. W. Scripps Company (NYSE: SSP), and The New York Times Company (NYSE: NYT). Today's readers may access these reports free of charge - including full price targets, industry analysis and analyst ratings - via the links below.

Thomson Reuters Corporation Research Report

On July 30, 2013, Thomson Reuters Corporation (Thomson Reuters) reported its financial results for Q2 2013. The Company's revenue decreased 3.3% YoY to $3.2 billion. Net earnings of $262.0 million or $0.30 per diluted share, were lower as compared to net earnings of $915.0 million or $1.08 per diluted share in Q2 2012. Commenting on the results, CEO, James C. Smith, said, "Our second-quarter performance was consistent with our full-year expectations. I am pleased with the progress we continue to make despite challenging market conditions, particularly in the banking and legal sectors." The Full Research Report on Thomson Reuters Corporation - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.analystscorner.com/r/full_research_report/6341_TRI]

--

The Washington Post Company Research Report

On August 5, 2013, The Washington Post Company (The Washington Post) announced that it has signed a contract to sell its newspaper publishing businesses, including The Washington Post newspaper, to Jeffrey P. Bezos. According to the Company, the purchase price of $250 million is subject to normal working capital adjustments, and is payable at the closing later in 2013. It also stated that Slate magazine, TheRoot.com and Foreign Policy are not part of the said transaction and will remain with The Washington Post Company, as will the WaPo Labs and SocialCode businesses, the Company's interest in Classified Ventures and certain real estate assets, including the headquarters building in downtown Washington, DC. As reported by the Company, the Washington Post Company, which also owns Kaplan, Post-Newsweek Stations and Cable ONE, will be changing its name in connection with the transaction. The Company has not yet announced a new name. The Full Research Report on The Washington Post Company - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.analystscorner.com/r/full_research_report/db57_WPO]

--

Gannett Co., Inc. Research Report

On August 5, 2013, Gannett Co., Inc. (Gannett) announced that it is supporting the TVB position on local Live Plus Same Day ratings data. Further, as per a TVB release, Live Plus Same Day ratings most closely approximates today's national C3 data, and should be the minimum ratings standard for local television viewing. President of Gannett Broadcasting, Dave Lougee, said, "As consumers engage in more and more time-shifted viewing, we believe it is essential that our industry has the most reliable and accurate local viewing data. Live Plus Same Day ratings clearly provide the closest match to national C3 ratings on the local level. This is an important first step in acknowledging the value of time-shifted audiences to advertisers on local television stations. Live-Only ratings are obsolete in today's viewing environment." The Full Research Report on Gannett Co., Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.analystscorner.com/r/full_research_report/cc5e_GCI]

--

The E. W. Scripps Company Research Report

On August 5, 2013, The E. W. Scripps Company (Scripps) reported its financial results for Q2 2013. The Company's operating revenues decreased 4.2% YoY to $207.9 million. Net income attributable to the shareholders of Scripps was $3.2 million or $0.05 per basic share, lower compared to net income of $5.4 million or $0.09 per basic share in Q2 2012. Commenting on the results, Scripps Chairman, President and Chief Executive Officer, Rich Boehne, said, "Although masked by the near absence of political advertising in 2013, the off year for elections, our core television revenues showed good growth on the strength of expanding local audiences. Local, national and digital advertising all grew, and retransmission fees moved up 34 percent." The Full Research Report on The E. W. Scripps Company - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.analystscorner.com/r/full_research_report/5c91_SSP]

--

The New York Times Company Research Report

On August 1, 2013, The New York Times Company (The New York Times) reported its financial results for Q2 2013. Revenue increased 5.1% YoY to $245.1 million. Net income was $20.1 million or $0.13 per diluted share, compared to net loss of $87.6 million or $0.58 per diluted share in Q2 2012. Commenting on the results, President and Chief Executive Officer, Mark Thompson, said, "Our improved results in the second quarter were an organization-wide effort - with contributions from more favorable revenue trends and strong cost performance. The increase in operating profit reflects the ongoing evolution of our digital subscription initiatives on the circulation side, the moderation of revenue declines on the advertising side and the continued focus on managing costs." The Full Research Report on The New York Times Company - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.analystscorner.com/r/full_research_report/aa95_NYT]

----

EDITOR NOTES:

1. This is not company news. We are an independent source and our views do not reflect the companies mentioned.
2. Information in this release is fact checked and produced on a best efforts basis and reviewed by a CFA. However, we are only human and are prone to make mistakes. If you notice any errors or omissions, please notify us below.
3. This information is submitted as a net-positive to companies mentioned, to increase awareness for mentioned companies to our subscriber base and the investing public.
4. If you wish to have your company covered in more detail by our team, or wish to learn more about our services, please contact us at [email protected].
5. For any urgent concerns or inquiries, please contact us at [email protected].
6. Are you a public company? Would you like to see similar coverage on your company? Send us a full investors' package to [email protected] for consideration.

COMPLIANCE PROCEDURE

Content is researched, written and reviewed on a best-effort basis. This document, article or report is prepared and authored by Equity News Network. An outsourced research services provider has, through Chartered Financial Analysts, only reviewed the information provided by Equity News Network in this article or report according to the Procedures outlined by Equity News Network. Equity News Network is not entitled to veto or interfere in the application of such procedures by the outsourced provider to the articles, documents or reports, as the case may be.

NOT FINANCIAL ADVICE

Equity News Network makes no warranty, expressed or implied, as to the accuracy or completeness or fitness for a purpose (investment or otherwise), of the information provided in this document. This information is not to be construed as personal financial advice. Readers are encouraged to consult their personal financial advisor before making any decisions to buy, sell or hold any securities mentioned herein.

NO WARRANTY OR LIABILITY ASSUMED

Equity News Network is not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted by Equity News Network whatsoever for any direct, indirect or consequential loss arising from the use of this document. Equity News Network expressly disclaims any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Equity News Network does not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice.

AnalystsCorner.com

SOURCE Analysts' Corner