Backchannelmedia

International Herald Tribune

E.W. Scripps, the owner of 21 daily newspapers, said its fourth- quarter profit would fall more than it had previously forecast because of a loss at its Shop at Home television channel. Net income will be 48 cents to 50 cents a share, compared with a Nov. 11 forecast of 52 cents to 56 cents, Scripps said. The Cincinnati- based company reported a profit of 55 cents a share a year earlier. Scripps last month said that profit would be at the low end of its forecast range, citing lower sales at Shop at Home and a loss of business in Florida because of Hurricane Wilma. The company said Monday that it was assessing the operations of Shop at Home, which will have a loss of as much as $12 million this quarter. Shares of Scripps fell 80 cents to $46.26 in late trading in New York.

At the newspaper business, revenue will increase 4 percent to 6 percent next year, Scripps said.