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TV Station Group E.W. Scripps And Gabelli Square Off For Proxy Fight

Jill Goldsmith

E.W. Scripps shoved back at investor Mario Gabelli, who’s trying to seat three renegade directors on the broadcaster’s board to nudge management and boost shareholder value. Scripps stock price, which settled Monday at $11.32, has plunged by more than 50%  over the past year. “We have a plan underway based on real numbers and tied to real decisions we’re making that we anticipate will create as much if not more value and performance improvement than Gamco asserts we need,” insisted Scripps President and CEO Adam Symson in a statement Monday.