/C O R R E C T I O N -- The E. W. Scripps Company/
/C O R R E C T I O N -- The E. W. Scripps Company/
In the news release, Scripps Reports Fourth Quarter Results, issued earlier today by The E. W. Scripps Company (NYSE:SSP) over PR Newswire, we are advised by the company that in the table in the "3. INCOME TAXES" section the correct amount under the line item "Miscellaneous" for the Twelve months ended Dec. 31, 2006 should read "(0.2)" instead of "(0.3)" as originally issued inadvertently. The complete, corrected table follows.
3. INCOME TAXES
Information regarding our effective income tax rate from continuing operations for the full year of 2006 and 2005 is as follows:
Twelve months ended Dec. 31,
2006 2005
Statutory rate 35.0 % 35.0 %
Effect of:
State and local income taxes, net of
federal income tax benefit 2.1 3.5
Income of pass-through entities allocated
to non-controlling interests (3.7) (3.1)
Adjustment of state net operating loss carry
forward valuation allowance (0.6)
Section 199 - Production Activities Deduction (0.8) (0.4)
Miscellaneous (0.2) 0.3
Effective income tax rate 31.8 % 35.3 %
PRNewswire-FirstCall -- Jan. 30
Source: The E. W. Scripps Company
-------
Profile: intent
0 Comments:
Post a Comment
<< Home