18.78 0.00 (0.00%)
After hours: 4:34PM EST
|Bid||18.77 x 2200|
|Ask||18.96 x 2200|
|Day's Range||18.50 - 18.85|
|52 Week Range||10.69 - 18.85|
|Beta (3Y Monthly)||1.18|
|PE Ratio (TTM)||302.90|
|Earnings Date||Feb 26, 2019 - Mar 4, 2019|
|Forward Dividend & Yield||0.20 (1.13%)|
|1y Target Est||19.00|
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# E. W. Scripps Co ### NASDAQ/NGS:SSP View full report here! ## Summary * Perception of the company's creditworthiness is neutral * Bearish sentiment is moderate and increasing * Economic output in this company's sector is expanding ## Bearish sentiment Short interest | Neutral Short interest is moderate for SSP with between 5 and 10% of shares outstanding currently on loan. This represents an increase in short interest as investors who seek to profit from falling equity prices added to their short positions on January 14. ## Money flow ETF/Index ownership | Neutral ETF activity is neutral. The net inflows of $1.81 billion over the last one-month into ETFs that hold SSP are not among the highest of the last year and have been slowing. ## Economic sentiment PMI by IHS Markit | Positive According to the latest IHS Markit Purchasing Managers' Index (PMI) data, output in the Consumer Services sector is rising. The rate of growth is strong relative to the trend shown over the past year, and is accelerating. ## Credit worthiness Credit default swap | Neutral The current level displays a neutral indicator. SSP credit default swap spreads are near their highest levels of the last 3 years, which indicates the market's more negative perception of the company's credit worthiness. Please send all inquiries related to the report to email@example.com. Charts and report PDFs will only be available for 30 days after publishing. This document has been produced for information purposes only and is not to be relied upon or as construed as investment advice. To the fullest extent permitted by law, IHS Markit disclaims any responsibility or liability, whether in contract, tort (including, without limitation, negligence), equity or otherwise, for any loss or damage arising from any reliance on or the use of this material in any way. Please view the full legal disclaimer and methodology information on pages 2-3 of the full report.
On Monday, MNG Enterprises -- better known as Digital First Media -- renewed what looked to be a cooling wave of industry M&A by making a $1.4 billion overture for newspaper company Gannett (NYSE:GCI), publisher of USA Today. The never-ending march of the internet continues to change the landscape of the newspaper and media business, chipping away at bottom lines and forcing survivors to consider options that wouldn't have been considered just a few years prior. Amazon.com (NASDAQ:AMZN) CEO Jeff Bezos now owns the Washington Post. Tribune (formerly Tronc) was targeted last year by the investor that had just acquired The Los Angeles Times and The San Diego Union-Tribune. Indeed, some are surprised the industry is still as fragmented as it is. InvestorPlace - Stock Market News, Stock Advice & Trading Tips Alden Global subsidiary Digital First Media continues to capitalize on the opportunity, adding publications to a roster of more than 100 newspapers and then cutting and sharing expenses. Though Gannett has yet to respond to, or comment on, the offer, it's a development that may well trigger fresh acquisition interest within the publishing and media industry. And while owning a particular stock solely because it may be a buyout target is a usually poor strategy, there's no denying a handful of media and publishing stocks just became a bit more valuable because of their buyout potential. * 8 Dividend Stocks With Growth on the Horizon Note, however, that not all of the most plausible acquisition targets are pure newspaper names, reflecting radical changes in how consumers digest information and entertainment. Source: Pineapple Express ### Daily Journal (DJCO) It's surprising that Daily Journal (NASDAQ:DJCO) hasn't already been nabbed up and made part of a bigger media empire, for a handful of reasons. One of them is its affordability. For just a little over $300 million a suitor could step into 10 different newspapers that are reliably profitable but could use the advantage of shared resources with a bigger partner. Another reason is the company's geographical focus. All of its target markets are in California, which would make for an easy bolt-on property for one of the state's existing newspaper groups. For instance, Patrick Soon-Shiong -- a major shareholder of newspaper group Tribune -- was the buyer of The Los Angeles Times and The San Diego Union-Tribune, pointing to interest in aggregating newspaper operations in nearby markets. Source: Shutterstock ### CBS Corporation (CBS) CBS Corporation (NYSE:CBS) has been aiming to acquire rival Viacom (NASDAQ:VIA, NASDAQ:VIAB) … a deal that's more likely to be done now that CBS CEO Les Moonves is out. But, there's just as much of a chance CBS could be the buyee before it's able to be the buyer. Like Daily Journal, CBS would be a reasonably affordable option for an outfit that perhaps wanted to get into the video content business. The company's certainly got some valuable assets to that end. Not only does CBS has rights to air some NFL games, but it has got long-standing staples of U.S. television like "60 Minutes" in its stable of programming. Add Showtime to that list, plus CBS All Access … an over-the-top-television venue that's gaining some traction, leveraging a rebooted Star Trek series. * 10 A-Rated Stocks the Smart Money Is Piling Into The catch? For regulatory reasons, neither foreign organizations nor owners of rival networks would be allowed to own CBS. It would have to be a company that's not directly in the same business. Source: Flickr ### Meredith Corporation (MDP) Meredith Corporation (NYSE:MDP) may not be a household name, but its publications are. This is the company behind magazines like Time, Sports Illustrated, People, In Style and more. It also owns several TV channels and, of course, websites that correspond with many of its magazines. It would be a nice addition for a semi-related players to garner exposure to the print world with some of the industry's most recognizable publications; a suitor would also enjoy exposure to localized television viewers at a scale that matters. That's not the core reason Meredith is one of a handful of publishing stocks that could soon be snatched up, however. The underlying reason is, Meredith has already demonstrated it's willing to buy, sell and deal as way of optimizing its enterprise. Case in point: Just a few months after buying Time magazine in late 2017, it was rumored to be mulling a sale of it along with Sports Illustrated. If it's distressed, the company may tacitly be holding itself out for sale to a buyer better positioned to leverage its brands. Source: Flickr ### E. W. Scripps (SSP) E. W. Scripps (NASDAQ:SSP) has been pegged as a buyout target for years now, but little on that front has ever transpired. That, however, could be about to change. Though started as a newspaper group decades ago, E. W. Scripps got entirely out of that business -- via a sale to the aforementioned Gannett -- to focus entirely on television. Now it owns 36 television stations and operates a handful of nationally syndicated networks viewable via traditional cable television or online. Scripps isn't afraid to reconfigure itself. The move out of the newspaper business and the spinoff of Scripps Network Interactive verifies that idea. The challenge has been the restriction on how the heirs to the company can sell their stakes, even if they chose to do so. More than 90% of the company's shareholder voting power is controlled by the Scripps family, which traditionally has been compelled to keep the business within the family. * 7 Stocks at Risk of the Global Smartphone Slowdown As time passes, though, the family is experiencing more and more pushback from activist investors like Mario Gabelli, who makes an increasingly convincing argument that the company can't continue on as-is. Source: (C)iStock.com/vaximilian ### New Media Investment Group (NEWM) In some regards, New Media Investment Group (NYSE:NEWM) is a prototype for the future of the printed newspaper. The days of the standalone newspaper are gone. They simply can't compete with the web on their own, particularly when aiming to create enough interesting content to produce a daily publication. Local or regional news is labor intensive, and too expensive if costs can't be shared. New Media Investment Group tackles that problem head-on, having aggregated 145 localized daily newspapers and 325 more surprisingly viable weekly newspapers. It also publishes so-called "Shoppers" that promote local businesses. Yet, the company knows that a newspaper in and of itself isn't enough. The key to a successful publishing business is rounding that product out with an online service that further helps local business connect with consumers through the internet. ThriveHive is that vehicle. More than that, though, New Media Investment Group is able to turn a consistent (even if less-than-thrilling) profit. ### S&P Global (SPGI) You'll know S&P Global (NYSE:SPGI) better as Standard & Poor's. Contrary to popular belief, Standard & Poor's is more than just market indices and basic research on publicly traded companies. S&P Global is a full-blown provider of data and written insight on market-related matters. Granted, its target audience isn't the average newspaper reader or television viewer -- it's the people who often discuss equity markets and the economy with consumers and investors. Information is power, though, and those people are willing to pay a premium for the information that allows them to position themselves as an expert. * Morgan Stanley: 7 Risky Stocks to Sell Now It would take a highly specialized buyer to successfully use S&P Global's unique platform and create synergy with it. But as vertical and horizontal dividing lines are blurred, it's not a stretch to suggest someone could want to plug into the well-established and profitable brand name. Source: (C)iStock.com/LincolnRogers ### Cision (CISN) Finally, add Cision (NYSE:CISN) to your list of publishing stocks that may end up being acquired if the Gannett deal kicks off a deal-making race. Cision may ring a bell as a distributor of press releases, though that's far from all it does. Indeed, that's only a superficial piece of its platform. While investors and consumers may merely be reviewing a news release, Cision is turning each and every one of those views into information that can be packaged and sold to client companies. Better still, the company's platform lets client companies measure the impact of their publicity efforts. It's not quite "media" in the traditional sense of the word, but as has been mentioned, the lines between entertainment and news have been erased. Press releases and third-party commentaries become part of a bigger online identity, all of which has to be managed. Analysts, even if not investors, are starting to see the value of such a service and valuing CISN stock richly as a result. Citi analyst Tyler Radke commented last year "We also see a call option on a critical trend in digital marketing -- the shift to 'earned' media, which is tracking and measuring the impact of bloggers, social influencers, etc. This is not in the numbers and we believe modest success here could support a $29 bull case." The next step is a publishing giant recognizing the potential of these tools when combined with more traditional media and publishing options. As of this writing, James Brumley did not hold a position in any of the aforementioned securities. You can follow him on Twitter, at @jbrumley. ### More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Companies That Could Post Decelerating Profits * 10 A-Rated Stocks the Smart Money Is Piling Into * Mizuho: 7 Long-Term Value Stocks to Buy Now Compare Brokers The post 7 Media Stocks That Make Prime M&A Targets appeared first on InvestorPlace.
Bounce's Newest Original Comedy Series From Roger Bobb (Tyler Perry's House of Payne) Stars Charles Malik Whitfield (Empire), T.C. Carson (Living Single), Carl Payne (Martin), Brely Evans (Being Mary Jane), ...
TEGNA, Hearst and EW Scripps are all planning to submit final bids to acquire Cox's 14 broadcast TV stations at the end of January.
CINCINNATI , Jan. 9, 2019 /PRNewswire/ -- The E.W. Scripps Company (NASDAQ: SSP) has completed a new multi-year affiliation agreement with NBC. The agreement, effective Jan. 1, 2019 , covers WGBA in Green ...
Anyone researching The E.W. Scripps Company (NASDAQ:SSP) might want to consider the historical volatility of the share price. Modern finance theory considers volatility to be a measure of risk, and Read More...
CINCINNATI , Jan. 7, 2019 /PRNewswire/ -- Adam Symson , president and chief executive officer of The E.W. Scripps Company (NASDAQ: SSP), and Lisa Knutson , executive vice president and chief financial ...
# E. W. Scripps Co ### NASDAQ/NGS:SSP View full report here! ## Summary * Perception of the company's creditworthiness is neutral * ETFs holding this stock are seeing positive inflows * Bearish sentiment is low and declining * Economic output in this company's sector is expanding ## Bearish sentiment Short interest | Positive Short interest is low for SSP with fewer than 5% of shares on loan. Additionally, this was an improvement in sentiment as investors who seek to profit from falling equity prices reduced their short positions on January 3. ## Money flow ETF/Index ownership | Positive ETF activity is positive. Over the last month, growth of ETFs holding SSP is favorable, with net inflows of $4.51 billion. This is among the highest net inflows seen over the last one-year and the rate of additional inflows appears to be increasing. ## Economic sentiment PMI by IHS Markit | Positive According to the latest IHS Markit Purchasing Managers' Index (PMI) data, output in the Consumer Services sector is rising. The rate of growth is weak relative to the trend shown over the past year, but is accelerating. ## Credit worthiness Credit default swap | Neutral The current level displays a neutral indicator. SSP credit default swap spreads are near their highest levels of the last 3 years, which indicates the market's more negative perception of the company's credit worthiness. Please send all inquiries related to the report to firstname.lastname@example.org. Charts and report PDFs will only be available for 30 days after publishing. This document has been produced for information purposes only and is not to be relied upon or as construed as investment advice. To the fullest extent permitted by law, IHS Markit disclaims any responsibility or liability, whether in contract, tort (including, without limitation, negligence), equity or otherwise, for any loss or damage arising from any reliance on or the use of this material in any way. Please view the full legal disclaimer and methodology information on pages 2-3 of the full report.
CINCINNATI, Jan. 2, 2019 /PRNewswire/ -- The E.W. Scripps Company (SSP) closed today on its acquisition of three ABC-affiliated television stations in Florida and Texas owned by Raycom Media and announced new leadership for both markets. KXXV and KRHD in Waco-Temple-Bryan, Texas, and WTXL in Tallahassee, Florida, were divested as part of Gray Television's acquisition of Raycom.
NEW YORK, Dec. 19, 2018 /PRNewswire/ -- Podcast advertising generates far better brand recall than other widely-used forms of digital advertising, according to findings from 11 Nielsen effectiveness studies. The Nielsen analysis was commissioned by Midroll, the advertising arm of podcast industry leader Stitcher, and represents the podcast industry's largest aggregate releases of ad effectiveness data. In addition to the lift in brand awareness, the studies revealed that 61 percent of consumers exposed to podcast ads for well-known national brands become more likely to purchase the advertised product.
CINCINNATI, Dec. 18, 2018 /PRNewswire/ -- A new American fossil fuel boom is ushering in an onslaught of health and climate problems from West Texas to Bangladesh, according to a documentary released today, part of a joint investigation. In partnership with The Associated Press, The Center for Public Integrity and The Texas Tribune, Newsy's feature-length documentary "Blowout" exposes the effects of a surge in U.S. oil and gas drilling and exports. The new boom is good for business, but as domestic drilling continues to grow, the documentary reveals, an estimated 1.4 million Americans find themselves living in a high-cancer-risk zone within 500 feet of fossil fuel drill sites.
RESTON, Va., Dec. 18, 2018 /PRNewswire/ -- Comscore, a trusted currency for planning, transacting and evaluating media across platforms, today announced a groupwide agreement with The E.W. Scripps Company (SSP), one of the nation's largest independent TV station owners, expanding its local market television measurement partnership across all Scripps television markets and stations. As part of this agreement, Scripps will also leverage Comscore's advanced automotive and political demographic currencies to sell the value and relevance, rather than just the size, of its audiences, in those key verticals.
E.W. Scripps Co. has exited the radio business … again. Cincinnati-based TV and digital media operator Scripps (NYSE: SSP) completed the sale Wednesday of the last eight of its radio stations for $8 million. The sale of those stations in Boise, Idaho, and Tucson, Ariz., means Scripps has sold all 34 of its radio stations in the last two and a half months for $83.5 million.
A company recently acquired by E.W. Scripps Co. is relaunching the Court TV network. The popular network that carried gavel-to-gavel coverage of high-profile court trials was a top-20 cable TV network when it was taken off the air in 2008.
CINCINNATI , Dec. 12, 2018 /PRNewswire/ -- The E.W. Scripps Company (NASDAQ: SSP) closed today on its final sale of eight radio stations in Boise, Idaho , and Tucson, Arizona , to Lotus Communications ...
NEW YORK, Dec. 12, 2018 /PRNewswire/ -- Phil McGraw, host of the No. 1 daytime talk show "Dr. Phil," is launching a new podcast early next year with industry leader Stitcher as part of a partnership that also will bring three more shows to listeners throughout 2019. Stitcher will support the show launches in collaboration with McGraw and will represent the shows for advertising through Midroll, its advertising arm. The first of McGraw's shows with Stitcher, "Phil in the Blanks," will introduce fans of the television show to a new side of Dr. Phil as he delves into the minds of the most interesting and accomplished people in the world today.
While some investors are already well versed in financial metrics (hat tip), this article is for those who would like to learn about Return On Equity (ROE) and why it Read More...
The E.W. Scripps Company is betting that crime actually does pay. Katz Networks, a division of E.W. Scripps, said Monday that it is reviving Court TV, the cable network that helped turn American judicial proceedings into TV spectacles with gavel-to-gavel coverage of grisly murder trials of defendants like O.J. Simpson and Casey Anthony. The network, which has been off the air for more than a decade, will be delivered through over-the-air broadcasts and cable TV via deals Katz Networks has struck with local TV station owners such as Tribune Media Co. and Univision Communications Inc. It will launch in May.
CINCINNATI, Dec. 10, 2018 /PRNewswire/ -- The FBI is fast-tracking a process to reform its new system for reporting crimes following details uncovered in "Case Cleared: How Rape Goes Unpunished in America," a joint investigation from Newsy, Reveal from the Center for Investigative Reporting and ProPublica. The investigation uncovered a major flaw in the FBI's new system for tracking crime reports, the National Incident-Based Reporting System (NIBRS).
CINCINNATI, Dec. 10, 2018 /PRNewswire/ -- One of the most iconic brands in television history will return when Katz Networks, part of The E.W. Scripps Company (SSP), relaunches Court TV – a new network devoted to live, gavel-to-gavel coverage, in-depth legal reporting and expert analysis of the nation's most important and compelling trials. For more than 20 years, Court TV brought high-profile courtroom dramas, including the trials of O.J. Simpson, the Menendez brothers and Casey Anthony, into American living rooms. Continuing that legacy, the new Court TV network will launch in May 2019 and run 24 hours a day, seven days a week.
Private equity firms and regional broadcasters are expressing interest in buying television stations that will need to be divested for the deal to be greenlighted.
CINCINNATI, Dec. 3, 2018 /PRNewswire/ -- The E.W. Scripps Company (SSP) has closed its acquisition of Triton, the global leader in digital audio technology and measurement services. "The Triton acquisition aligns with the Scripps strategy of fueling company growth by being opportunistic in the marketplace and responsive to the changing needs of media consumers," said Adam Symson, Scripps president and CEO. Triton serves the growing digital audio marketplace through a software-as-a-service (SaaS) business-to-business revenue model.
ATLANTA , Nov. 28, 2018 /PRNewswire/ -- A Stone Cold Christmas , Bounce's first originally-produced movie, reached more than 1.4 Million Viewers in its premiere night airings on Sunday, Nov. 25 . The ...