Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us


Last $17.52 USD
Change Today -0.01 / -0.06%
Volume 453.9K
SSP On Other Exchanges
Symbol
Exchange
New York
Frankfurt
As of 8:04 PM 08/31/15 All times are local (Market data is delayed by at least 15 minutes).

ew scripps co/the-a (SSP) Key Developments

The E. W. Scripps Company Announces Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2015; Reaffirms Revenue Guidance for the Third Quarter and Full Year of 2015

The E. W. Scripps Company announced consolidated earnings results for the second quarter and six months ended June 30, 2015. For the quarter, the company reported net loss of $31.4 million or $0.37 per basic share on operating revenues of $198.1 million compared to net loss of $3.2 million or $0.06 per basic share on operating revenues of $119.7 million reported in the same period last year. Net loss from continuing operations was $13 million or $0.15 per basic share against $2.8 million or $0.08 per basic share reported last year. Operating loss was $15.6 million against $2.1 million reported last year. Loss from continuing operations before income taxes was $19.5 million against $4.4 million reported last year. Increase in revenue was primarily a result of the acquisition of the television and radio stations in the Journal and Granite transactions (collectively the "acquired stations") as well as increases in retransmission revenue. Excluding acquisition and integration cost for the Journal transaction, the company earned $0.04 per share. Operating revenues increased 3%. This was mainly due to a rise in retransmission revenue. Net debt was just over $300 million or net leverage of about 2x at the end of the second quarter. For the six months, the company reported net loss of $36.5 million or $0.22 per basic share on operating revenues of $321.2 million compared to net loss of $3.8 million or $0.07 per basic share on operating revenues of $225.0 million reported in the same period last year. Net loss from continuing operations was $21.1 million against $7.12 million or $0.13 per basic share reported last year. Operating loss was $25.3 million against $6.4 million reported last year. Loss from continuing operations before income taxes was $32.6 million against $11.1 million reported last year. In the third quarter of 2015, management expects television revenue to be down mid single digits. Political revenue was $21 million in the prior-year period. Radio revenue to be flat to down low single digits. Digital revenue to be up more than 40%, including the impact of acquiring Midroll Consistent with prior guidance for the full year of 2015, management expects, television revenue to be down low single digits. Radio revenue to be flat. Digital revenue to be up more than 30% (adjusted to include the impact of acquiring Midroll).

The E. W. Scripps Company to Report Q2, 2015 Results on Aug 07, 2015

The E. W. Scripps Company announced that they will report Q2, 2015 results at 9:00 AM, Eastern Standard Time on Aug 07, 2015

The E. W. Scripps Company, Q2 2015 Earnings Call, Aug 07, 2015

The E. W. Scripps Company, Q2 2015 Earnings Call, Aug 07, 2015

The E. W. Scripps Company Names Peter Noll as VP/GM of KERO in Bakersfield, California

The E. W. Scripps Company announced Peter Noll is returning to company as the vice president and general manager of KERO in Bakersfield, California, effective May 18, 2015. Since 2010 Noll, has been with ABC/Disney Television, as director of ABC Affiliate Marketing and Promotion in Burbank, California, where he and his team worked with all ABC stations on network marketing strategies and plans. Before joining KJRH, Peter worked as the Assistant Promotions Manager at KCRA in Sacramento, California. He also held various positions in marketing and news at KHOU in Houston, KOTV in Tulsa, KELO in Sioux Falls, South Dakota and KGAN in Cedar Rapids, Iowa.

The E. W. Scripps Company Reports Consolidated Earnings Results for the First Quarter Ended March 31, 2015; Provides Financial Guidance for the Full Year of 2015

The E. W. Scripps Company reported consolidated earnings results for the first quarter ended March 31, 2015. The company's net loss attributable to shareholders was $5.1 million, or $0.09 per share, compared with a year-earlier loss of $612,000, or $0.01 per share. Excluding acquisition and integration costs for the Journal Communications transaction, the company would have had a loss of $0.02 per share in the first quarter. Operating revenue rose to $214.5 million from $203.8 million a year earlier, primarily due to the increase in retransmission revenue and revenue from the two television stations acquired from Granite. The company reported a loss from operations before income taxes of $7.84 million in the 2015 quarter, compared to $0.8 million in the 2014 quarter. Operating loss was $4,468,000 compared to operating income of $1,938,000 a year ago. Adjusted total operating revenues were $184.4 million compared to $172.8 million a year ago. Adjusted operating income was $6.5 million compared to $11.3 million a year ago. Adjusted income from operations before income taxes was $2.5 million compared to $7.1 million a year ago. For the full year 2015, the company expects television revenue down in the low-single digits, flat radio revenue and digital revenue up in the high teens. The company expects interest expense of $15 million, capex of $30 million, depreciation of $40 million and amortization of $15 million. The company expects its effective tax rate to be in the 40% range, excluding the impact of transaction costs.

 

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup
Recently Viewed
SSP:US $17.52 USD -0.01

SSP Competitors

Market data is delayed at least 15 minutes.

Company Last Change
Grand Canyon Education Inc $36.96 USD -0.52
Media General Inc $11.75 USD -0.09
Monster Worldwide Inc $7.27 USD +0.23
New Media Investment Group Inc $14.92 USD -0.19
Nexstar Broadcasting Group Inc $46.48 USD -0.11
View Industry Companies
 

Industry Analysis

SSP

Industry Average

Valuation SSP Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 1.5x
Price/Book 1.6x
Price/Cash Flow 43.8x
TEV/Sales 1.0x
 | 

Sponsored Financial Commentaries

Sponsored Links

Report Data Issue

To contact EW SCRIPPS CO/THE-A, please visit . Company data is provided by Capital IQ. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.