Headquartered in Cincinnati, OH Fiscal year ends December NASDAQ: SSP scripps.com
The E.W. Scripps Company (NASDAQ: SSP) is a diversified media company operating as one of the nation's largest local TV broadcasters, with a portfolio of approximately 60 television stations across 40 markets, including 18 ABC affiliates, 12 NBC affiliates, 11 CBS affiliates, and 3 FOX affiliates. The company also operates national entertainment networks including ION, Bounce, Grit, ION Mystery, ION Plus, and Laff through its Scripps Networks division, as well as the Scripps News national news outlet. Scripps is the nation's largest holder of broadcast spectrum. The company's Scripps Sports division serves professional and college sports leagues with local and national broadcast reach of up to 100% of TV households, having recently signed partnerships with the Detroit Pistons (NBA) and Nashville Predators (NHL). Revenue is generated primarily through local and national advertising sales, political advertising, and retransmission/distribution fees from cable operators, satellite carriers, and virtual MVPDs. The company carries significant debt of approximately $2.5 billion and has a preferred equity investment from Berkshire Hathaway that restricts common dividends and share repurchases. Founded in 1878, Scripps is the steward of the Scripps National Spelling Bee. Updated
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The E.W. Scripps Company (NASDAQ: SSP) is a diversified media company operating as one of the nation's largest local TV broadcasters, with a portfolio of approximately 60 television stations across 40 markets, including 18 ABC affiliates, 12 NBC affiliates, 11 CBS affiliates, and 3 FOX affiliates.
The Wall Street consensus 12-month price target for SSP is $4.93.
