The ratings on E.W. Scripps&Co. reflect the Cincinnati, Ohio-headquartered company's diversified portfolio of media properties, healthy internal cash generation, and satisfactory financial profile. Operations include 21 daily newspapers, 10 broadcast television stations, four cable and satellite television networks (including Home&Garden Television and Food Network), and a home shopping network. Revenues approximate $1.7 billion. Scripps' involvement in many media markets and business segments helps to provide more revenue and cash flow stability over the advertising revenue cycle. The advertising climate remains challenging. However, results are benefiting from sharply higher contributions from the cable television networks. Profitability of the Rocky Mountain News newspaper is also improving, reflecting a lower cost structure due to the implementation of the Denver
