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Stock Market & Financial Investment News

News Breaks
June 16, 2014
12:29 EDTSSPE.W. Scripps closes purchase of two stations
E.W. Scripps closed its deal to acquire two television stations owned by Granite Broadcasting Detroit MyNetworkTV affiliate WMYD and Buffalo, N.Y., ABC affiliate WKBW. The $110M transaction is structured as a purchase of assets and was funded with cash on hand. Scripps has said the two stations would add $30M in revenue and $10M of segment profit in the first full year it operates them.
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August 8, 2014
07:33 EDTSSPE.W. Scripps reports Q2 Television revenue $116M, Newspaper revenue $92.3M
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07:33 EDTSSPE.W. Scripps sees FY14 television revenue up 20%
Sees FY14 television expenses to be up less than 10%; Sees FY14 granite revenue $15M, FY14 newspaper revenue and expenses to be down low single digits. Sees FY14 subscription revenue to increase mid-single digits. Sees FY14 CapEx $20M-$25M.
07:32 EDTSSPE.W. Scripps sees Q3 television revenue up 30%
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07:31 EDTSSPE.W. Scripps reports Q2 EPS (6c), consensus 12c
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