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E.W. Scripps: Don't Let The Debt Scare You Off

Apr. 07, 2021 1:05 PM ETThe E.W. Scripps Company (SSP)4 Comments
Joshua Sorto profile picture
Joshua Sorto


  • SSP took out debt equal to 1.85x its market cap to double down on the TV broadcasting business.
  • The debt comes due between 2024 and 2031, giving SSP ample time to pay off the debt.
  • The combined entity should generate enough Free Cash Flow to pay off its debt.

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This article was written by

Joshua Sorto profile picture
I am a Florida Licensed CPA in public accounting. I'm a huge nerd for equities in general and I find researching companies fun. I've decided to start writing because I want to be an active participant in the investment community and I believe writing about stocks is the best way to hone my expertise. I am looking forward to all the feedback I receive, both the good and the bad. Thank you for taking the time to read and react to what I write. Associated with another SA Contributor Johannes Sorto

Analyst’s Disclosure: I/we have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

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Comments (4)

LuckyTMM profile picture
Joshua, could you give an update given the rise to inflation and fed moves regarding interest rates?? Thanks..
Thomas Richmond profile picture
Really interesting. You did really great research
Awesome analysis. Thanks for putting this together.
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