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The E.W. Scripps Company (SSP)

- NYSE
  • Nov. 10, 2014, 10:21 AM
    • E.W. Scripps (SSP +0.1%) says it extended the employment contract of CEO Rich Boehne to August of 2016.
    • Boehne has held the top job at the company since 2008.
    | Comment!
  • Nov. 7, 2014, 9:45 AM
    • E.W. Scripps (SSP +2.8%) reports a 21.9% rise in TV segment to $121.07M in Q3.
    • Political advertising improved drastically during the period to $17.4M (Year ago sales $1.04M).
    • Retransmission fees up 46.4% to $15.24M.
    • Newspaper revenue fell 4.4% to $84.47M.
    • Operating expenses +3.7% to $204.94M.
    • Q4 Guidance: Television revenues, as a percentage, to increase in upper 20s, including $33.0M in Political advertising & $15.0M in Retransmission revenue. Television expenses to increase low teens. Newspaper revenues to decline mid-single digits and expenses to decline low single digits. Shared services and corporate expenses to be less than $15.0M.
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  • Nov. 7, 2014, 7:39 AM
    • E.W. Scripps (NYSE:SSP): Q3 EPS of -$0.02 misses by $0.08.
    • Revenue of $207.6M (+9.5% Y/Y) misses by $9.45M.
    • Press Release
    | Comment!
  • Nov. 6, 2014, 5:30 PM
  • Aug. 11, 2014, 1:45 PM
    • There's some asset re-allocation going on in the media sector with a group of newspapers stocks piling on some gains - while select TV broadcaster and digital media stocks head in the other direction.
    • The flurry of merger and spinoff news within the sector has created more pure-play bets and consolidated some firms into larger players.
    • Analysts have noted the extra volatility in the sector has created more buy/sell opportunities than normal on mismatched valuation.
    • Gainers: McClatchy (NYSE:MNI) +3.0%, Lee Enterprises (NYSE:LEE) +3.3%, New Media Investment (NYSE:NEWM) +4.4%.
    • Decliners: E.W. Scripps (NYSE:SSP) -3.6%, Media General (NYSE:MEG) -2.1%, Journal Communication (NYSE:JRN) -3.4%.
    • Related ETF: PBS
    | Comment!
  • Aug. 8, 2014, 7:51 AM
    • E.W. Scripps (NYSE:SSP) reports Q2 revenue from its TV segment rose 4% to $115.8B to offset a 1.3% dip in newspaper revenue to $92.3M.
    • Local and political advertising improved during the period.
    • Operating expenses +7.6% to $214.9M.
    | Comment!
  • Aug. 8, 2014, 7:38 AM
    • E.W. Scripps (NYSE:SSP): Q2 EPS of $0.02 misses by $0.08.
    • Revenue of $212M (+2.0% Y/Y) misses by $6.22M.
    • Press Release
    | Comment!
  • Jul. 31, 2014, 12:45 PM
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  • Jul. 31, 2014, 10:10 AM
    • E.W. Scripps (SSP +9.5%) and Journal Communications (JRN +24.1%) announce they will merge their broadcast operations and spin off the businesses as a new publicly traded company.
    • The newspaper businesses of both entities will then be merged into a new entity called Journal Media Group.
    • The deals are expected to close in 2015.
    | Comment!
  • Jul. 31, 2014, 9:11 AM
    | 4 Comments
  • Jun. 25, 2014, 12:11 PM
    • Sinclair Broadcast (SBGI +14.1%), Media General (MEG +10.4%), E.W. Scripps (SSP +7.9%), Gray Television (GTN +7.5%), Meredith (MDP +4.3%), Gannett (GCI +3.8%), and Nextar (NXST +15.6%) are taking off after the Supreme Court ruled (by a 6-3 vote) Aereo's TV streaming service is illegal.
    • National broadcast network owners are generally showing more moderate gains.
    | 1 Comment
  • May. 12, 2014, 1:20 PM
    • TV broadcast stocks are outperforming for the day after the sector was tapped by M.D. Sass to soar.
    • The investment firm notes there is a disconnect between the 10% of carriage fee revenue broadcasters haul in compared to the 35% of total viewing they account for across the industry. A normalization of the revenue mix is in the "early inning," according to Sass.
    • A timely initiation by Wells Fargo of Media General at Outperform is also giving a boost.
    • Gainers: E.W. Scripps (SSP+7.6%, Nexstar Broadcasting (NXST+5.7%, Media General (MEG+4.8%, Liberty Interactive (LVNTA+1.9%, Sinclair Broadcast Group (SBGI+1.9%, Gray Television (GTN+1.7%.
    | Comment!
  • May. 9, 2014, 7:36 AM
    • E.W. Scripps (SSP): Q1 EPS of -$0.01 beats by $0.11.
    • Revenue of $203.79M (+2.6% Y/Y) beats by $2.24M.
    • Press Release
    | Comment!
  • Mar. 21, 2014, 8:13 AM
    • Broadcast media names get jiggy after Media General agrees to buy Lin Media for nearly double last night's close.
    • Gray Television (GTN+9.2% premarket, Nexstar Broadcasting (NXST+3.2%, E.W. Scripps (SSP+1.1%. Keep an eye on Entravision Communication (EVC) as well, along with the PowerShares Dynamic Media Portfolio (PBS).
    | Comment!
  • Mar. 17, 2014, 2:22 PM
    • A dour warning from Wells Fargo on broadcaster stocks is wreaking havoc in the sector.
    • The group is giving up much of the M&A premiums it had built up over the last few months.
    • Decliners: Gray Television (GTN-12.5%, Nexstar Broadcasting (NXST-9.1%,  inclair Broadcast Group (SBGI-7.4%, E.W. Scripps (SSP-5.4%, Entravision Communication (EVC-2.7%, Media General (MEG) -5.0%.
    • The PowerShares Dynamic Media ETF (PBS) is under-performing a bit today due to its exposure to the group.
    | Comment!
  • Mar. 4, 2014, 1:08 PM
    • E.W. Scripps (SSP +11.6%) managed to increase core advertising spending by 17% in Q4.
    • Overall, TV spending was down 24% Y/Y with last year's political season a factor.
    • On the margin, Scripps saw both retrans fees and digital revenue show gains.
    | Comment!
SSP vs. ETF Alternatives
Company Description
E. W. Scripps Company is a media enterprise with interests in television stations, newspapers, and local and national digital media sites. It operates in three segments namely television, newspaper and syndication.