Jul. 8 at 3:15 PM
Noble Capital Markets Research Report: E.W. Scripps (
$SSP) – Strengthening Its Station Portfolio
Compelling station swap. Scripps will be selling its stations in Lansing MI and Lafayette LA to Gray Television (GTN: Not Rated) and buying stations in Colorado Springs, CO and Grand Junction, CO and a station in Twin Falls ID. We view the move favorably, given that Scripps will create station duopolies and strengthen its presence in the West. We believe that the move will create significant efficiencies for both companies, eliminating back office, duplicative, and overhead costs. This will be an even swap with no cash compensation to either party.
Read more: https://www.channelchek.com/news-channel/e-w-scripps-ssp-strengthening-its-station-portfolio