New User:

Forgot your password?

Stock Market & Financial Investment News

News Breaks
February 10, 2014
08:18 EDTSSPE.W. Scripps agrees to acquire two stations for $110M
E.W. Scripps has agreed to acquire two television stations owned by Granite Broadcasting -- Detroit MyNetworkTV affiliate WMYD and Buffalo ABC affiliate WKBW -- for $110M in cash. The acquisition of WMYD creates a duopoly with the largest Scripps station, Detroit ABC affiliate WXYZ. The acquisition of WKBW in Buffalo adds the ABC station in market #52. With this deal, Scripps will own 11 ABC affiliates that will reach nearly 12 percent of U.S. households, the largest reach among station groups. The transaction is structured as a purchase of assets, and it will be funded with cash on hand; no debt financing will be required. It is expected to be accretive to earnings in the first full year Scripps operates the acquired stations. The transaction is subject to regulatory approvals and customary closing conditions and is expected to close in the second quarter.
News For SSP From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
July 22, 2015
12:00 EDTSSPE.W. Scripps acquires podcast producer Midroll
.W. Scripps has acquired Midroll Media, a five-year-old Los Angeles-based company that creates original podcasts and operates a network that generates revenue for more than 200 shows, including "StartUp" and "Nerdist."
July 14, 2015
13:01 EDTSSPGabelli names E.W. Scripps as among top trades for second half
Mario Gabelli, chairman and CEO of GAMCO Investors, mentioned the stock while speaking on CNBC.
08:35 EDTSSPE.W. Scripps and CBS renew affiliation agreement for WTVF, Nashville
Subscribe for More Information

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the disclaimer & terms of use