E.W. Scripps Company SSP

$2.62 +0.10 (3.97%)

Valuation

Market cap
242,793,000
Revenue TTM
$2,150,590,000
Net income TTM
$-100,880,000
PE ratio
0.00
Forward PE
—
Profit margin
-4.69%
Debt to equity
24.77

Trading

Volume
740,500
Avg volume
686,128
Day's range
$2.51 – $2.66
Shares out
92,669,000
Stochastic %K
82%
Beta
0.71
Analysts
Sell
Price target
$5.90

Price

Company profile

The E.W. Scripps Company, together with its subsidiaries, operates as a media enterprise through a portfolio of local television stations, national news, and entertainment networks in the United States. It operates through Local Media and Scripps Networks segments. The Local Media segment engages in the operation of broadcast television stations and related digital activities; production of over-the-air news, informa...

Show more

The E.W. Scripps Company, together with its subsidiaries, operates as a media enterprise through a portfolio of local television stations, national news, and entertainment networks in the United States. It operates through Local Media and Scripps Networks segments. The Local Media segment engages in the operation of broadcast television stations and related digital activities; production of over-the-air news, information, sports, and entertainment content through broadcast, digital, mobile, social, and over-the-top platforms; and running of network programming, local sporting events, syndicated programming and original programming; and provision of core and political advertising services. Its Scripps Networks segment operates national news outlets Scripps News and Court TV, as well as entertainment brands under the ION, Bounce, Grit, ION Mystery, ION Plus, and Laff names through over-the-air broadcast, cable/satellite, connected TV, and/or digital distribution. The company also operates the Scripps National Spelling Bee, an educational program. It serves its audiences and businesses through cable and satellite service providers. The E.W. Scripps Company was founded in 1878 and is headquartered in Cincinnati, Ohio.

Industry
Broadcasting
Sector
Communication Services
Phone
513 977 3000
Website
https://www.scripps.com
Address
Scripps Center, Suite 2800 312 Walnut Street, Cincinnati, United States

Latest news

Stocktwits

daninfw24 Oct 30, 1:13 AM
$SSP someone asked me about this yesterday. Going to be bigger than last UHF auction. Once dates and details announced investors next year will factor in which stations stand to get the most Millions and billions from the auction. I remember EVC going from $1+ to $10+. This was in tvnewscheck today: “One major technology workflow that broadcasters are hoping to overhaul without any sacrifice in performance or robustness is the way networks distribute their programming to local stations and cable affiliates. The FCC plans in 2027 to auction off most of the C-band satellite spectrum currently used for network program distribution to clear the spectrum for 5G and 6G wireless services, with spectrum clearing due for completion in 2030. The loss of 160 MHz of C-band capacity, as per the FCC’s final Report and Order released in July, means very little spectrum will be left for broadcast and cable networks to deliver their content. They are considering several alternatives including Ku-band”
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daninfw24 Oct 29, 11:24 PM
$SSP Typical Breakdown of Union Buyout Offers Component Standard Offer Details Cash Severance Formula 1 to 2 weeks of pay per year of service. (e.g., a 10-year veteran photographer would typically receive 10 to 20 weeks of pay). Minimum Floor Most union contracts enforce a minimum payout floor, typically between 2 to 4 weeks of pay, regardless of how short the employee's tenure is. Maximum Cap Payouts are usually capped. Depending on the newsroom, maximum caps typically max out between 26 weeks (6 months) and 52 weeks (1 year) of pay. Health Benefits (COBRA) Companies often agree to pay or heavily subsidize COBRA health insurance premiums for 3 to 6 months, or for a duration matching the length of the cash severance. Earned Payouts Complete payout of all accrued, unused vacation time and floating holidays must be calculated and tacked onto the lump sum.
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KnuckleSandwich Oct 29, 6:29 PM
$SSP more expensive "layoffs" will ultimately hit the official earnings numbers because Union positions don't get laid-off and have to accept expensive buyout offers. Execs will not mention this on call and it won't be reflected until next quarter's financials...get ready, the bleeding will continue!
1 replies
daninfw24 Oct 29, 6:24 PM
$SSP I have said a dozen times or more knucklehead has cost investors. Just a few days ago when it was two dollars, he was telling everyone it was going to one. Anyone that didn’t buy because of him in the last few days has lost 28 to 29% potential profit in two days. 
2 replies
KnuckleSandwich Oct 29, 6:10 PM
$SSP one week away from earnings and trading in the 1's. You can pick some positive data points and per-announce but long term outlook is bleak...fire sale of some assets will be necessary but this still wont set up any long term growth.
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daninfw24 Oct 29, 4:21 PM
$SSP I am also tired of one poster constantly talking about journalistic integrity. Three of the four top tv groups owned by Liberals and Fox the only conservative voice. Everything is editorialized or brain washing from all four depending on your persuasion. They are told what slant to put on the news and what to add and what to take out. Having more local news on local people, events, etc. will be quite refreshing. If anything, that's why news is staying the same at the other three tv groups. You may remember SBGI and NXST took Trump's side in the recent night show attack on Trump. Perhaps the reason that DirectTV headquartered in California and the AG in California led the charge against the NXST-TGNA merger. Don't tell me it's not political. Check out how much DirectTV has given to California politiicans, NFLX also based in California and CEO has donated millions to Newsome. It's always political.
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daninfw24 Oct 29, 4:14 PM
$SSP On another note, those that follow the sector know M&A is usually alive and well. The only thing that slowed it down now is the lawsuit trying to block the NXST-TGNA merger. There is a court hearing for appeal on 11-17-26. NXST pointing out the ones trying to block are really just concerned about quadopolies. I believe only four instances of that and trying block entire merger. They are asking judge to carve that out of the equation and let rest of merger pass. Good chance IMVHO. Then we have DirectTV again leading the charge to block SSP from getting the 25 ION stations. I believe both will ultimately get approved. If and when that happens Katie Bar the Door. SBGI trying to buy SSP for $7 before they have to pay $10-12+. Keep in mind if SSP gets the 25 stations they will increase retrans big time. They also will replicate what they did with their other news operations. 20% staff gone immediately. Can you say personal ATM machine?
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daninfw24 Oct 29, 4:02 PM
$SSP Page 2- Read below first. Everyone has gravitated to their smart phones for news and entertainment especially the younger generation. I need a 65 inch to watch tv and they watch on a 3X5 screen. YouTube and Facebook has changed how we consume information. SSP has realized that. Microsoft using AI just announced shedding 25% of their workforce or 60,000 positions. SSP has only reduced headcount 20% but hinted at four. I expect another round of 5%+/- in first or second quarter 2027. When I do watch national news they run the same story for three days. Local news is where it's at. People love the people in the field using their smart phones to report. Watch and learn. The CEO of SSP was the previous digital officer before CEO. He is equipped for the task. I suspect when all is said and done we will be closer to iannual savings instead of $150M. Dod I mention CEO said early results indicate well increased viewership. That translates to higher ad rates as well.
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