E.W. Scripps Company (The) - (SSP) News
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Latest SSP News From Around the Web
Below are the latest news stories about EW SCRIPPS Co that investors may wish to consider to help them evaluate SSP as an investment opportunity.
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The E.W. Scripps Company (NASDAQ: SSP) has appointed television sales veteran Michael Teicher as chief revenue officer for its national television networks business, effective Jan. 19.
Shares of E.W. Scripps spiked 13% in Friday’s extended market trading after the TV station owner disclosed that Warren Buffett’s Berkshire Hathaway has a 24.9% passive stake in the company. According to an SEC filing, billionaire investor Buffett owns 23.1 million shares of E.W. Scripps (SSP), which are held in the form of a warrant exercisable within 60 days. Back in September, Buffett agreed to make a $600 million equity investment in E.W. Scripps to help the company buy broadcast network ION Media for $2.65 billion. In exchange, Berkshire received a warrant to purchase 23.1 million in Class A E.W. Scripps shares at $13 a piece. E.W.
E.W. Scripps (SSP) gained 12.9% in after-hours trade last night after the company reported that Berkshire holds 24.9% passive stake in the company.23.08M shares disclosed in form SC 13G are held in the form of a warrant exercisable by the Berkshire Hathaway within 60 days....
Shares of E.W. Scripps Co. fell 0.7% in midday trading Thursday, after the media company said it has starting laying off 120 employees this week, as part of cost-saving moves related to its acquisition of ION Media. The TV station owner had about 5,900 full-time employees at the end of 2019, according to the most recently available annual report. said it now expects to exceed its initial estimates of $500 million in synergies over the next six years as a result of the ION deal. The company had announced in September 2020 that it was buying ION, in a deal backed by Warren Buffett's Berkshire Hathaway Inc. , for $2.65 billion. E.W. Scripps stock has run up 40.5% over the past three months, while the S&P 500 has gained 9.4%.
The E.W. Scripps Company (NASDAQ: SSP) will begin to migrate its multicast networks Bounce, Court TV, Court TV Mystery, Grit and Laff to carriage on the company's newly acquired ION stations beginning March 1. The rolling transition will continue as those networks' affiliation agreements expire over the next five years.
Court TV Announces Original News Special On The Life And Death Of George Floyd: "I Can't Breathe"- A Court TV Special Premieres Sunday January 17th at 9pm ET
Court TV, the multi-platform network devoted to live and in-depth legal reporting and expert analysis of the nation's most important and compelling trials, will world premiere "I Can't Breathe" – A Court TV Special on Sunday January 17th at 9:00 p.m. (ET).
With information – and misinformation – surging around recent national events, the News Literacy Project and The E.W. Scripps Company (NASDAQ: SSP) are again teaming up to launch a national public awareness campaign to promote news literacy and the role of a free press in American democracy.
Adam Symson, president and CEO of The E.W. Scripps Company (NASDAQ: SSP), and Carolyn Micheli, senior vice president of corporate communications and investor relations, will discuss the company's business strategies at the 23rd Annual Needham Virtual Growth Conference on Wednesday, Jan. 13.
The E.W. Scripps Company (NASDAQ: SSP) has appointed television industry veteran Tom Zappala as head of programming for its national television networks business, effective Jan. 25.