E.W. Scripps Co. (SSP) Approves New $100M Buyback Plan

November 8, 2016 3:50 PM EST

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The board of directors of The E.W. Scripps Co. (NYSE: SSP) today authorized a new share repurchase program up to $100 million of the company's Class A common shares.

The shares may be repurchased from time to time at management's discretion, either in the open market, through pre-arranged trading plans or in privately negotiated block transactions. This authorization runs from Jan. 1, 2017, to Dec. 31, 2018.

The last repurchase program, which the board of directors authorized in May 2014, expires Dec. 31, 2016.

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