Movers and SHAKERS
E.W. Scripps (SSP)
Cutting through the noise.
The E.W. Scripps Co. (www.scripps.com) serves audiences and businesses through a growing portfolio of television, print and digital media brands. After approval of its acquisition of two Granite Broadcasting stations later this year, Scripps will own 21 local television stations as well as daily newspapers in 13 markets across the United States
- Q4 results largely in line with raised expectations. The company overachieved revenues with the largest upside variance in its lower margin National Media division. The influx of Political advertising was already baked in. As such, Q4 adjusted EBITDA was slightly lower than expected.
- First quarter guidance is slightly better than our expectations. Reflecting the company's acquisition of Triton, we are raising our Q1 2019 revenue and cash flow estimate to $286.5 million and $27.2 million from $276.1 million and $25.5 million, respectively. The biggest variance to our es...GO TO FULL REPORT
*Analyst certification and important disclosures included in full report. NOTE: investment decisions should not be based upon the content of this research summary. Proper due diligence is required before making any investment decision.