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E W Scripps (SSP)

Market Price (12/30/2025): $4.15 | Market Cap: $367.1 Mil
Sector: Communication Services | Industry: Broadcasting

E W Scripps (SSP)

Market Price (12/30/2025): $4.15
Market Cap: $367.1 Mil
Sector: Communication Services
Industry: Broadcasting

Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.

0 Attractive yield
Total YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 6.6%, FCF Yield is 35%		 Weak multi-year price returns
2Y Excs Rtn is -93%, 3Y Excs Rtn is -148%		 Debt is significant
Net D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 778%
1 Megatrend and thematic drivers
Megatrends include Digital Content & Streaming, and Digital Advertising. Themes include Video Streaming, and Ad-Tech Platforms. 		  Weak revenue growth
Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is -3.3%, Rev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -1.0%, Rev Chg QQuarterly Revenue Change % is -19%
2   High stock price volatility
Vol 12M is 114%
3   Key risks
SSP key risks include [1] a significant debt burden and high financial leverage creating potential distress and [2] major revenue volatility from its heavy reliance on cyclical political advertising.
0 Attractive yield
Total YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 6.6%, FCF Yield is 35%
1 Megatrend and thematic drivers
Megatrends include Digital Content & Streaming, and Digital Advertising. Themes include Video Streaming, and Ad-Tech Platforms.
2 Weak multi-year price returns
2Y Excs Rtn is -93%, 3Y Excs Rtn is -148%
3 Debt is significant
Net D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 778%
4 Weak revenue growth
Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is -3.3%, Rev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -1.0%, Rev Chg QQuarterly Revenue Change % is -19%
5 High stock price volatility
Vol 12M is 114%
6 Key risks
SSP key risks include [1] a significant debt burden and high financial leverage creating potential distress and [2] major revenue volatility from its heavy reliance on cyclical political advertising.

Valuation, Metrics & Events

SSP Stock

Why The Stock Moved

Qualitative Assessment

AI Analysis | Feedback

The E.W. Scripps (SSP) stock experienced significant movements between August 31, 2025, and December 30, 2025, influenced by a combination of financial results, strategic corporate actions, and acquisition interest.

1. Sinclair's Acquisition Interest and Scripps' Response: On November 17, 2025, Sinclair disclosed an acquisition of approximately 8.2% of Scripps' outstanding Class A (non-voting) shares, leading to a substantial positive market reaction for SSP, with the stock gaining 39.87% on that day. In response, Scripps' board stated it would evaluate transactions to enhance shareholder value and protect against opportunistic actions, and later adopted a limited-duration shareholder rights plan on November 26, 2025.



2. Q3 2025 Financial Results and Guidance: Scripps reported its third-quarter 2025 operating results on November 6, 2025. While revenue of $526 million was in line with expectations, the company reported a loss attributable to shareholders of $49 million, or 55 cents per share, missing earnings estimates. The stock fell due to this earnings miss, a steep revenue decline, and a weak fourth-quarter outlook that anticipated continued headwinds, with Local Media revenue expected to be down approximately 30% and Scripps Networks revenue down in the low double-digit range.



3. Debt Refinancing and Balance Sheet Improvement: On August 6, 2025, Scripps completed a significant refinancing by placing $750 million in new senior secured second-lien notes at a rate of 9.875%. The proceeds were used to pay off 2027 senior notes, reduce the 2028 term loan, and pay off revolving credit facilities, contributing to a reduction in net leverage to 4.6x by the end of Q3 2025, down from 4.9x at the start of the year. This strategic move aimed at improving the health of the balance sheet and reducing leverage.



4. Sale of Television Stations: Management highlighted the sale of two television stations for total proceeds of $123 million, which contributed to improving the balance sheet and further de-leveraging the company. This initiative was part of strategic actions aimed at strengthening the balance sheet.



5. Analyst Ratings and Price Targets: As of December 26, 2025, the average analyst rating for E.W. Scripps stock was "Buy," with an average price target of $5.50, forecasting a 38.89% increase over the next year. However, some analysts, such as Wall Street Zen, downgraded the stock from a "hold" to a "sell" rating around August 31, 2025, and Wells Fargo & Company lowered its target price from $4.00 to $3.00. These varied analyst perspectives and price target adjustments likely contributed to stock volatility during the period. Show more

Stock Movement Drivers

Fundamental Drivers

The 55.1% change in SSP stock from 9/29/2025 to 12/29/2025 was primarily driven by a 603.6% change in the company's P/E Multiple.
929202512292025Change
Stock Price ($)2.543.9455.12%
Change Contribution ByLTMLTM
Total Revenues ($ Mil)2439.152318.71-4.94%
Net Income Margin (%)4.25%0.99%-76.67%
P/E Multiple2.1515.15603.62%
Shares Outstanding (Mil)87.9288.46-0.61%
Cumulative Contribution55.11%

LTM = Last Twelve Months as of date shown

Market Drivers

9/29/2025 to 12/29/2025
ReturnCorrelation
SSP55.1% 
Market (SPY)3.6%8.1%
Sector (XLC)-0.6%13.0%

Fundamental Drivers

The 34.0% change in SSP stock from 6/30/2025 to 12/29/2025 was primarily driven by a 736.6% change in the company's P/E Multiple.
630202512292025Change
Stock Price ($)2.943.9434.01%
Change Contribution ByLTMLTM
Total Revenues ($ Mil)2472.702318.71-6.23%
Net Income Margin (%)5.71%0.99%-82.61%
P/E Multiple1.8115.15736.62%
Shares Outstanding (Mil)86.9188.46-1.78%
Cumulative Contribution33.97%

LTM = Last Twelve Months as of date shown

Market Drivers

6/30/2025 to 12/29/2025
ReturnCorrelation
SSP34.0% 
Market (SPY)11.6%13.0%
Sector (XLC)9.0%18.9%

Fundamental Drivers

The 97.0% change in SSP stock from 12/29/2024 to 12/29/2025 was primarily driven by a 109.3% change in the company's P/S Multiple.
1229202412292025Change
Stock Price ($)2.003.9497.00%
Change Contribution ByLTMLTM
Total Revenues ($ Mil)2397.162318.71-3.27%
P/S Multiple0.070.15109.33%
Shares Outstanding (Mil)86.0788.46-2.78%
Cumulative Contribution96.85%

LTM = Last Twelve Months as of date shown

Market Drivers

12/29/2024 to 12/29/2025
ReturnCorrelation
SSP97.0% 
Market (SPY)16.6%24.2%
Sector (XLC)21.2%24.4%

Fundamental Drivers

The -70.1% change in SSP stock from 12/30/2022 to 12/29/2025 was primarily driven by a -85.4% change in the company's Net Income Margin (%).
1230202212292025Change
Stock Price ($)13.193.94-70.13%
Change Contribution ByLTMLTM
Total Revenues ($ Mil)2394.572318.71-3.17%
Net Income Margin (%)6.81%0.99%-85.43%
P/E Multiple6.7415.15124.76%
Shares Outstanding (Mil)83.3688.46-6.12%
Cumulative Contribution-70.24%

LTM = Last Twelve Months as of date shown

Market Drivers

12/30/2023 to 12/29/2025
ReturnCorrelation
SSP-50.7% 
Market (SPY)47.9%20.6%
Sector (XLC)65.5%20.6%

Return vs. Risk

Price Returns Compared

 202020212022202320242025Total [1]
Returns
SSP Return-1%27%-32%-39%-72%79%-74%
Peers Return16%38%-12%21%26%16%151%
S&P 500 Return16%27%-19%24%23%17%114%

Monthly Win Rates [3]
SSP Win Rate58%42%50%42%42%42% 
Peers Win Rate52%65%42%68%57%52% 
S&P 500 Win Rate58%75%42%67%75%73% 

Max Drawdowns [4]
SSP Max Drawdown-65%-4%-46%-62%-78%-36% 
Peers Max Drawdown-34%-5%-26%-7%-9%-23% 
S&P 500 Max Drawdown-31%-1%-25%-1%-2%-15% 

[1] Cumulative total returns since the beginning of 2020
[2] Peers: HPQ, HPE, IBM, CSCO, AAPL. See SSP Returns vs. Peers.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2025 data is for the year up to 12/29/2025 (YTD)

How Low Can It Go

Unique KeyEventSSPS&P 500
2022 Inflation Shock2022 Inflation Shock  
2022 Inflation Shock% Loss% Loss-79.4%-25.4%
2022 Inflation Shock% Gain to Breakeven% Gain to Breakeven386.6%34.1%
2022 Inflation ShockTime to BreakevenTime to BreakevenNot Fully Recovered days464 days
2020 Covid Pandemic2020 Covid Pandemic  
2020 Covid Pandemic% Loss% Loss-67.1%-33.9%
2020 Covid Pandemic% Gain to Breakeven% Gain to Breakeven203.8%51.3%
2020 Covid PandemicTime to BreakevenTime to Breakeven314 days148 days
2018 Correction2018 Correction  
2018 Correction% Loss% Loss-54.3%-19.8%
2018 Correction% Gain to Breakeven% Gain to Breakeven119.0%24.7%
2018 CorrectionTime to BreakevenTime to Breakeven1,040 days120 days
2008 Global Financial Crisis2008 Global Financial Crisis  
2008 Global Financial Crisis% Loss% Loss-94.2%-56.8%
2008 Global Financial Crisis% Gain to Breakeven% Gain to Breakeven1624.7%131.3%
2008 Global Financial CrisisTime to BreakevenTime to Breakeven1,491 days1,480 days

Compare to HPQ, HPE, IBM, CSCO, AAPL

In The Past

E W Scripps's stock fell -79.4% during the 2022 Inflation Shock from a high on 3/12/2021. A -79.4% loss requires a 386.6% gain to breakeven.

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About E W Scripps (SSP)

The E.W. Scripps Company, together with its subsidiaries, operates as a media enterprise through a portfolio of local and national media brands. The company operates through Local Media, Scripps Network, and Other segments. The Local Media segment operates broadcast television stations, which produce news, information, and entertainment content, as well as its related digital operations. This segment also runs network, syndicated, and original programming. The Scripps Network segment comprises of national television networks. The Network operates through over-the-air broadcast, cable/satellite, connected TV, and digital distribution. In addition, the company provides content and services through the internet, smartphones, and tablets. Further, the company provides Newsy, a national news network, which provides politics, entertainment, science, and technology news; and Scripps National Spelling Bee, an investigative reporting newsroom in Washington, D.C. Additionally, the company offers ION, a national broadcast television network that delivers popular crime and justice procedural programming through over-the-air broadcast and pay TV platforms. It serves audiences and businesses. The E.W. Scripps Company operates through a network of 61 television stations. The company was founded in 1878 and is headquartered in Cincinnati, Ohio.

AI Analysis | Feedback

Here are 1-2 brief analogies to describe E W Scripps (SSP):

1. The iHeartMedia of local TV broadcasting, owning numerous local television stations across the U.S.

2. A smaller Paramount Global or Warner Bros. Discovery, focusing purely on a portfolio of ad-supported national TV channels (like ION, Bounce, and Scripps News).

AI Analysis | Feedback

  • Local Television Broadcasting: Operates a portfolio of local television stations across the United States, providing news, weather, sports, and entertainment programming to local communities.
  • National Television Networks: Manages a collection of national news and entertainment networks, including ION, Scripps News, Bounce, Grit, Laff, Court TV, Defy TV, and TrueReal, reaching audiences nationwide.

AI Analysis | Feedback

E W Scripps (SSP) primarily sells its services to other companies. Its major customers fall into two main categories:

1. Advertising Customers

These are businesses (local and national) that purchase advertising time on Scripps' broadcast television stations and national networks (such as ION, Bounce, Laff, Grit, Court TV, and Scripps News) to reach target audiences. Due to the highly fragmented nature of the advertising market, it is not practical to list specific major customers by name. These include a wide array of industries such as:

  • Automotive dealerships and manufacturers
  • Retailers
  • Consumer packaged goods companies
  • Healthcare providers
  • Political campaigns
  • Local service businesses

2. Multichannel Video Programming Distributors (MVPDs)

These are the cable, satellite, and virtual streaming providers that pay retransmission consent fees to Scripps for the right to carry its local broadcast signals and national networks. Major customers in this category include:

  • Comcast Corporation (CMCSA)
  • Charter Communications, Inc. (CHTR)
  • DISH Network Corporation (DISH)
  • Verizon Communications Inc. (VZ)
  • Alphabet Inc. (GOOGL) (for YouTube TV)
  • The Walt Disney Company (DIS) (for Hulu + Live TV)

AI Analysis | Feedback

  • The Walt Disney Company (DIS) - Supplier of ABC network programming and brand affiliation.
  • Comcast Corporation (CMCSA) - Supplier of NBC network programming and brand affiliation.
  • Paramount Global (PARA) - Supplier of CBS network programming and brand affiliation.
  • Nexstar Media Group (NXST) - Key owner and operator of The CW network, supplying programming and brand affiliation.
  • Warner Bros. Discovery (WBD) - Key owner and operator of The CW network, supplying programming and brand affiliation.
  • Fox Corporation (FOXA) - Supplier of MyNetworkTV programming and brand affiliation.

AI Analysis | Feedback

The E.W. Scripps Company's management team includes experienced leaders with diverse backgrounds in media and finance. Adam Symson President and Chief Executive Officer Adam Symson has served as President and Chief Executive Officer of The E.W. Scripps Company since August 2017. He joined Scripps in 2002 and held roles as Chief Operating Officer from 2016 to 2017 and Chief Digital Officer from 2011 to 2016. Symson began his career as an investigative producer for CBS television stations WBBM-TV in Chicago and KCBS-TV in Los Angeles. As CEO, he has led the transformation of Scripps into a diversified media enterprise, including the acquisition of ION Media in 2021, the expansion of local television station holdings, and the divestment of digital audio assets. Jason Combs Chief Financial Officer Jason Combs was appointed Chief Financial Officer of The E.W. Scripps Company in December 2020, with his appointment effective upon the close of the ION Media acquisition. Prior to this role, he was the Vice President of Financial Planning & Analysis for Scripps. Before joining Scripps in 2015, Combs spent 14 years at Convergys Corp. in various finance leadership positions, including Senior Director Finance, Director Finance, Senior Financial Analyst, and Treasury Analyst. He holds an MBA in Finance from Xavier University. Lisa Knutson Chief Operating Officer Lisa Knutson became Chief Operating Officer in January 2023, overseeing local media and Scripps Networks. She has been with Scripps since 2005, serving in various leadership capacities, including President of Scripps Networks from January 2021 to January 2023, Chief Financial Officer from September 2017 to January 2021, Chief Strategy Officer, Chief Administrative Officer from 2011 to 2017, and Senior Vice President of Human Resources. Before Scripps, Knutson was a Vice President at Fifth Third Bank and worked at Arthur Andersen, LLP. She also held the role of CFO/head of administration for PSARA Technologies, Inc., a startup environmental consulting firm, where she managed financial, legal, and administrative matters and fundraising. Brian Lawlor President, Scripps Sports Brian Lawlor was named President, Scripps Sports, in December 2022. Previously, he led Scripps' Local Media division for 14 years, overseeing the significant growth of the company's broadcasting assets from 10 to 61 television stations. During his tenure, he also oversaw the acquisition of the Katz multicast networks and the launch of Court TV. Lawlor had responsibility for 35 radio stations from 2015-2018 before Scripps exited the radio business. He began his career as an account executive at WBRE-TV and WPTV, holding various sales and management positions within Scripps, including Vice President and General Manager of WPTV and General Sales Manager for WCPO-TV. Laura Tomlin Chief Transformation Officer Laura Tomlin serves as the Chief Transformation Officer for The E.W. Scripps Company. Prior to this role, she was the Chief Administrative Officer.

AI Analysis | Feedback

The E.W. Scripps Company (SSP) faces several key risks to its business operations:

  1. High Debt Load and Leverage: E.W. Scripps operates with a significant debt burden, posing a core internal financial risk. As of September 2025, the company carried approximately $2.65 billion in total debt, resulting in a net debt of about $2.59 billion. Its Debt-to-Equity ratio was substantially higher than the industry average, standing at roughly 2.2 in November 2025. This high leverage is reflected in a low Altman Z-Score, indicating potential financial distress, and weak interest coverage. The company's variable rate indebtedness also exposes it to interest rate risk, which could significantly increase debt service obligations.
  2. Declining Traditional Media Revenues and Audience Fragmentation: Operating within the evolving media industry, E.W. Scripps is challenged by declining traditional media revenues and the ongoing fragmentation of audiences. The company's revenue is heavily influenced by cyclical political advertising, with significant drops in non-election years, such as the 19% year-over-year decrease in Q3 2025 total revenue due to the absence of a political election cycle. Core advertising revenue in its local media segment has also shown declines.
  3. Increasing Programming Costs: E.W. Scripps faces the risk of increasing programming costs. These costs include network affiliation fees, local sports rights fees, and syndicated programming, which constituted 45% of its Local Media segment's costs and expenses in 2024.

AI Analysis | Feedback

The rapid proliferation and increasing adoption of Free Ad-supported Streaming TV (FAST) channels and platforms represents a clear emerging threat. These services (e.g., Pluto TV, Tubi, Roku Channel, Amazon Freevee) offer a vast and growing library of free, ad-supported content delivered over the internet, directly competing with E W Scripps' over-the-air national networks (such as ION, Bounce, Grit, Laff, and Court TV) for audience attention and advertiser dollars. This shift in content consumption from traditional broadcast to internet-delivered streaming platforms mirrors historical disruptions where new, more convenient, or cost-effective distribution models displaced incumbents.

AI Analysis | Feedback

The E.W. Scripps Company (SSP) operates primarily in local media, national television networks, and podcasting, with advertising services being a core revenue driver across these segments. The addressable markets for their main products and services in the U.S. are as follows:

Addressable Markets for E.W. Scripps' Main Products or Services (U.S.)

  • Local Media and Scripps Networks (Television Broadcasting and Services): The U.S. Broadcasting and Cable TV market was valued at over USD 127.53 billion in 2025 and is projected to exceed USD 155.46 billion by 2035. Advertising constitutes 74.80% of the revenue share in this market. The broader U.S. Television Services market size was estimated at USD 117.68 billion in 2024 and is expected to reach approximately USD 186.90 billion by 2034. North America held the largest share in the television services market in 2024.
  • Podcasting: The podcasting market in the United States generated approximately USD 8.39 billion in revenue in 2024 and is anticipated to reach USD 25.78 billion by 2030. The North America podcasting market is expected to achieve a market value of USD 36.07 billion by 2031, with the U.S. market being dominant.
  • Advertising Services (Overall U.S. Market): The total advertising spending in the United States is expected to reach USD 455.9 billion by 2025. The U.S. advertising market is projected to grow from USD 201.01 billion in 2024 to USD 281.92 billion by 2033. In 2024, the North America advertising market was valued at USD 334.26 billion and is estimated to reach USD 587.18 billion by 2033.

AI Analysis | Feedback

Here are 3-5 expected drivers of future revenue growth for The E.W. Scripps Company (SSP) over the next 2-3 years:

  1. Political Advertising Revenue: E.W. Scripps anticipates significant revenue surges from political advertising, particularly with the upcoming 2026 midterm elections and the 2028 presidential election cycle falling within the 2-3 year outlook. The company reported record political advertising revenue in 2024 and expects continued strength in future election years.

  2. Expansion of Scripps Sports Strategy: The company's strategic investment in sports broadcasting, including partnerships with the WNBA, National Women's Soccer League, and local NHL teams (such as the Florida Panthers, Utah Hockey Club, and Tampa Bay Lightning), is a key driver. This initiative is boosting advertising revenue and commanding premium rates for sports programming.

  3. Growth in Connected TV (CTV) and Streaming Distribution: Scripps is actively expanding the distribution of its national networks (ION, ION Mystery, Bounce, Grit, Laff, Court TV, and Scripps News) across various streaming services and Connected TV platforms. This strategy has resulted in substantial year-over-year growth in CTV revenue, with management aiming to further expand its leadership in the Free Ad-Supported Television (FAST) and CTV markets.

  4. Favorable Retransmission Consent Agreements: Successful renegotiations of retransmission consent agreements for its local stations are expected to contribute to distribution revenue growth. These new agreements, particularly those that include distribution fees for local and regional sports content, are anticipated to expand revenue and distribution margins.

  5. Growth in Core Local and National Advertising: Outside of political cycles, E.W. Scripps is seeing growth in its core advertising revenue, driven by categories like services and national advertising. The company's sports strategy is also bolstering core advertising performance, and easier year-over-year comparisons (due to less displacement from political advertising in non-election periods) are expected to support continued strong core revenue growth.

AI Analysis | Feedback

Capital Allocation Decisions (Last 3-5 Years) for E.W. Scripps (SSP)

Share Repurchases

  • A share repurchase program of up to $100 million of Class A common shares was authorized in February 2020, running through March 1, 2022.
  • Under the terms of the preferred stock issued to Berkshire Hathaway, Inc. in 2021, E.W. Scripps is prohibited from repurchasing common shares until all preferred shares are redeemed.

Share Issuance

  • Share-based compensation awards resulted in expenses of $3.2 million in 2024 and $1.5 million in 2023, reflecting a form of equity issuance.

Inbound Investments

  • In 2021, Berkshire Hathaway, Inc. made a significant preferred equity investment in E.W. Scripps, which implied a principal investment of $600 million, based on $48 million in preferred stock dividends paid in 2023 and 2022 (assuming an 8% dividend rate).

Outbound Investments

  • E.W. Scripps acquired Nuvyyo for $13.8 million in 2022.
  • In April 2025, the company sold its West Palm Beach television station building for $40 million.
  • The company announced a station swap with Gray Media in 2025 involving stations in five markets and the sale of two network-affiliated stations (WFTX and WRTV) for total proceeds of $123 million, as part of a strategy to optimize its portfolio and pay down debt.
  • In February 2024, E.W. Scripps received $18.1 million in pre-tax cash proceeds from the sale of its equity ownership in Broadcast Music, Inc. (BMI).

Capital Expenditures

  • Capital expenditures totaled $59.6 million in 2023 and $45.8 million in 2022.
  • Expected capital expenditures for fiscal year 2025 are projected to be in the range of $45–$50 million.
  • Capital expenditures support initiatives such as enhancing the over-the-air television experience, including the relaunch of the Tablo product in 2023, and expanding the Scripps Sports division launched in December 2022.

Better Bets than E W Scripps (SSP)

Latest Trefis Analyses

TitleTopic
0DASHBOARDS 
1E W Scripps Earnings Notes 
2E W Scripps Market PriceMarket Price
3Now Is Not The Time To Buy E W Scripps StockBuy or Fear
4E W Scripps (SSP) worth $1,958,159,596,767,709 Tril (down $0), more valuable than AppleNotification
5The E W Scripps (SSP) worth $1,686,192,986,105,527 Tril (up $155,409,491,806,961 Tril), more valuable than AppleNotification
6Day 6 of Loss Streak for The E W Scripps Stock with -27% Return (vs. -78% YTD) [11/16/2024]Notification
7The E W Scripps (SSP) worth $1,569,635,867,250,306 Tril (down $-202,032,339,349,049 Tril), still more valuable than AppleNotification
8The E W Scripps (SSP) worth $1,573,521,104,545,480 Tril (down $-291,392,797,138,052 Tril), still more valuable than AppleNotification
9The E W Scripps (SSP) worth $1,573,521,104,545,480 Tril (down $-205,917,576,644,224 Tril), still more valuable than AppleNotification
10The E W Scripps (SSP) worth $1,573,521,104,545,480 Tril (down $-1,161,685,951,257,034 Tril), still more valuable than AppleNotification
Title
0ARTICLES

Trade Ideas

Select ideas related to SSP. For more, see Trefis Trade Ideas.

Unique KeyDateTickerCompanyCategoryTrade Strategy6M Fwd Rtn12M Fwd Rtn12M Max DD
PINS_11302025_Monopoly_xInd_xCD_Getting_Cheaper11302025PINSPinterestMonopolyMY | Getting CheaperMonopoly-Like with P/S Decline
Large cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple		-0.9%-0.9%-1.4%
TMUS_11212025_Monopoly_xInd_xCD_Getting_Cheaper11212025TMUST-Mobile USMonopolyMY | Getting CheaperMonopoly-Like with P/S Decline
Large cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple		-2.5%-2.5%-6.4%
Z_11212025_Monopoly_xInd_xCD_Getting_Cheaper11212025ZZillowMonopolyMY | Getting CheaperMonopoly-Like with P/S Decline
Large cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple		-1.8%-1.8%-5.1%
IRDM_11072025_Dip_Buyer_High_CFO_Margins_ExInd_DE11072025IRDMIridium CommunicationsDip BuyDB | CFO/Rev | Low D/EDip Buy with High Cash Flow Margins
Buying dips for companies with significant cash flows from operations and reasonable debt / market cap		3.0%3.0%-5.6%
TTD_10032025_Dip_Buyer_High_CFO_Margins_ExInd_DE10032025TTDTrade DeskDip BuyDB | CFO/Rev | Low D/EDip Buy with High Cash Flow Margins
Buying dips for companies with significant cash flows from operations and reasonable debt / market cap		-25.5%-25.5%-29.8%

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Peer Comparisons for E W Scripps

Peers to compare with:

Financials

SSPHPQHPEIBMCSCOAAPLMedian
NameE W Scri.HP Hewlett .Internat.Cisco Sy.Apple  
Mkt Price3.9422.7324.33305.7477.79273.7651.06
Mkt Cap0.321.432.4285.5307.74,079.8159.0
Rev LTM2,31955,29534,29665,40257,696408,62556,496
Op Inc LTM3053,6241,64411,54412,991130,2147,584
FCF LTM1222,80062711,85412,73396,1847,327
FCF 3Y Avg1442,9781,40011,75313,879100,5037,366
CFO LTM1613,6972,91913,48313,744108,5658,590
CFO 3Y Avg2003,6723,89613,49814,736111,5598,697

Growth & Margins

SSPHPQHPEIBMCSCOAAPLMedian
NameE W Scri.HP Hewlett .Internat.Cisco Sy.Apple  
Rev Chg LTM-3.3%3.2%13.8%4.5%8.9%6.0%5.2%
Rev Chg 3Y Avg-1.0%-3.9%6.5%2.6%3.7%1.8%2.2%
Rev Chg Q-18.6%4.2%14.4%9.1%7.5%9.6%8.3%
QoQ Delta Rev Chg LTM-4.9%1.1%3.7%2.1%1.8%2.1%2.0%
Op Mgn LTM13.1%6.6%4.8%17.7%22.5%31.9%15.4%
Op Mgn 3Y Avg13.4%7.4%7.2%16.4%24.2%30.8%14.9%
QoQ Delta Op Mgn LTM-3.3%-0.2%-1.4%0.6%0.4%0.1%-0.1%
CFO/Rev LTM7.0%6.7%8.5%20.6%23.8%26.6%14.6%
CFO/Rev 3Y Avg8.5%6.8%12.7%21.4%26.1%28.4%17.1%
FCF/Rev LTM5.3%5.1%1.8%18.1%22.1%23.5%11.7%
FCF/Rev 3Y Avg6.1%5.5%4.6%18.6%24.6%25.6%12.4%

Valuation

SSPHPQHPEIBMCSCOAAPLMedian
NameE W Scri.HP Hewlett .Internat.Cisco Sy.Apple  
Mkt Cap0.321.432.4285.5307.74,079.8159.0
P/S0.20.40.94.45.310.02.7
P/EBIT1.36.619.725.122.431.321.1
P/E15.18.4569.036.129.841.133.0
P/CFO2.25.811.121.222.437.616.1
Total Yield6.6%14.4%2.3%5.0%5.5%2.8%5.2%
Dividend Yield0.0%2.5%2.1%2.2%2.1%0.4%2.1%
FCF Yield 3Y Avg61.2%10.6%5.5%6.4%6.0%3.1%6.2%
D/E7.90.50.70.20.10.00.4
Net D/E7.80.30.60.20.00.00.3

Returns

SSPHPQHPEIBMCSCOAAPLMedian
NameE W Scri.HP Hewlett .Internat.Cisco Sy.Apple  
1M Rtn-6.9%-5.8%11.9%-0.9%1.1%-1.8%-1.4%
3M Rtn55.1%-14.5%1.4%9.9%15.6%7.7%8.8%
6M Rtn34.0%-5.0%20.3%5.0%13.5%33.7%16.9%
12M Rtn97.0%-28.7%15.4%40.8%33.9%7.6%24.6%
3Y Rtn-70.1%-5.3%65.8%142.1%78.3%113.9%72.0%
1M Excs Rtn-12.2%-5.5%12.3%-0.5%0.9%-2.7%-1.6%
3M Excs Rtn51.4%-18.1%-2.3%6.2%11.9%4.0%5.1%
6M Excs Rtn22.7%-16.3%9.0%-6.3%2.2%22.4%5.6%
12M Excs Rtn95.2%-43.3%-0.2%25.4%19.0%-7.8%9.4%
3Y Excs Rtn-148.3%-82.8%-10.4%61.9%0.1%27.1%-5.1%

Financials

Segment Financials

Revenue by Segment
$ Mil20242023202220212020
Local Media1,3981,4941,3191,4881,023
Scripps Networks893961952309 
Other191527735
Intersegment eliminations-18-17-15-13 
National Media    324
Total2,2932,4532,2841,8571,351


Operating Income by Segment
$ Mil20242023202220212020
Local Media211386268444218
Scripps Networks15431038928 
Gains (losses), net on disposal of property and equipment-2-630-12
Other-28-18018-4
Restructuring costs-390-90-3
Shared services and corporate-97-82-76-61-57
Impairment of goodwill-9520   
Acquisition and related integration costs -2-40-19-26
Depreciation and amortization of intangible assets -160-162-107-84
National Media    43
Total-75342840130387


Assets by Segment
$ Mil20242023202220212020
Scripps Networks2,8793,9153,865527 
Local Media2,3942,3922,4322,4632,695
Shared services and corporate79713341,67182
Other5853281984
Discontinued operations   0101
National Media    681
Total5,4106,4316,6584,8593,562


Price Behavior

Price Behavior
Market Price$3.94 
Market Cap ($ Bil)0.3 
First Trading Date03/26/1990 
Distance from 52W High-19.6% 
   50 Days200 Days
DMA Price$3.58$2.95
DMA Trendupup
Distance from DMA10.1%33.5%
 3M1YR
Volatility114.2%114.1%
Downside Capture-75.35125.87
Upside Capture152.37174.72
Correlation (SPY)7.8%24.2%
SSP Betas & Captures as of 11/30/2025

 1M2M3M6M1Y3Y
Beta0.520.660.601.161.381.61
Up Beta0.961.462.543.101.031.36
Down Beta3.170.840.39-0.381.611.72
Up Capture656%303%129%226%324%242%
Bmk +ve Days13263974142427
Stock +ve Days11192655111345
Down Capture-278%-111%-55%50%117%111%
Bmk -ve Days7162452107323
Stock -ve Days9223568132390

[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
 Comparison of SSP With Other Asset Classes (Last 1Y)
 SSPSector ETFEquityGoldCommoditiesReal EstateBitcoin
Annualized Return110.7%21.1%16.7%65.4%7.5%4.2%-7.3%
Annualized Volatility113.5%18.5%19.4%19.8%15.3%17.0%34.9%
Sharpe Ratio1.130.890.672.430.270.08-0.06
Correlation With Other Assets 24.3%24.1%-4.8%10.0%11.4%15.2%

ETFs used for asset classes: Sector ETF = XLC, Equity = SPY, Gold = GLD, Commodities = DBC, Real Estate = VNQ, and Bitcoin = BTCUSD
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 5-Year Data
 Comparison of SSP With Other Asset Classes (Last 5Y)
 SSPSector ETFEquityGoldCommoditiesReal EstateBitcoin
Annualized Return-22.9%13.0%14.8%17.7%11.2%5.1%30.2%
Annualized Volatility81.1%20.9%17.1%15.6%18.7%18.9%48.6%
Sharpe Ratio0.030.530.700.910.480.180.57
Correlation With Other Assets 29.0%30.1%3.1%12.3%28.3%19.2%

ETFs used for asset classes: Sector ETF = XLC, Equity = SPY, Gold = GLD, Commodities = DBC, Real Estate = VNQ, and Bitcoin = BTCUSD
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 10-Year Data
 Comparison of SSP With Other Asset Classes (Last 10Y)
 SSPSector ETFEquityGoldCommoditiesReal EstateBitcoin
Annualized Return-14.4%13.2%15.0%14.6%6.9%5.4%69.0%
Annualized Volatility69.0%22.6%18.0%14.8%17.6%20.8%55.8%
Sharpe Ratio0.070.540.720.820.310.230.89
Correlation With Other Assets 35.2%38.7%-1.4%17.4%35.3%12.4%

ETFs used for asset classes: Sector ETF = XLC, Equity = SPY, Gold = GLD, Commodities = DBC, Real Estate = VNQ, and Bitcoin = BTCUSD
Smart multi-asset allocation framework can stack odds in your favor. Learn How

Short Interest

Short Interest: As Of Date12152025
Short Interest: Shares Quantity2,870,981
Short Interest: % Change Since 11302025-9.9%
Average Daily Volume994,752
Days-to-Cover Short Interest2.89
Basic Shares Quantity88,461,000
Short % of Basic Shares3.2%

Returns Analyses

Earnings Returns History

Expand for More
 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
11/7/202524.9%52.7%131.2%
7/28/20251.2%-12.9%-3.9%
3/12/202543.4%104.2%67.1%
11/4/2024-35.5%-33.5%-39.5%
8/9/2024-19.9%-29.1%-41.2%
5/10/2024-22.0%-29.8%-48.3%
2/23/2024-19.5%-25.2%-35.5%
11/3/202318.0%9.7%29.0%
...
SUMMARY STATS   
# Positive11119
# Negative121214
Median Positive8.0%8.7%29.0%
Median Negative-12.4%-17.1%-16.8%
Max Positive43.4%104.2%131.2%
Max Negative-35.5%-33.5%-48.3%

SEC Filings

Expand for More
Report DateFiling DateFiling
09/30/202511/07/202510-Q (09/30/2025)
06/30/202508/08/202510-Q (06/30/2025)
03/31/202505/09/202510-Q (03/31/2025)
12/31/202403/12/202510-K (12/31/2024)
09/30/202411/05/202410-Q (09/30/2024)
06/30/202408/09/202410-Q (06/30/2024)
03/31/202405/10/202410-Q (03/31/2024)
12/31/202302/23/202410-K (12/31/2023)
09/30/202311/03/202310-Q (09/30/2023)
06/30/202308/04/202310-Q (06/30/2023)
03/31/202305/05/202310-Q (03/31/2023)
12/31/202202/24/202310-K (12/31/2022)
09/30/202211/08/202210-Q (09/30/2022)
06/30/202208/05/202210-Q (06/30/2022)
03/31/202205/06/202210-Q (03/31/2022)
12/31/202102/25/202210-K (12/31/2021)

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