E.W. Scripps Co. (SSP) Misses Q2 EPS by 2c

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Go back to E.W. Scripps Co. (SSP) Misses Q2 EPS by 2c

E.W. Scripps Co. (SSP) Reports Agreement to Divest Eight Radio Stations in Boise, Idaho, and Tucson, Arizona, to Lotus Communications for $8M

August 7, 2018 5:18 PM EDT

The E.W. Scripps Company (NASDAQ: SSP) has reached an agreement to sell eight radio stations in Boise, Idaho, and Tucson, Arizona, to Lotus Communications Corp. for $8 million.

California-based Lotus Communications is purchasing KMXZ (94.9 FM), KFFN (1490 AM and 104.9 FM), KQTH (104.1 FM) and KTGV (106.3 FM) in Tucson and KJOT (1051. FM), KQXR (100.3 FM), KRVB (94.9 FM) and KTHI (107.1 FM) in Boise.

In its portfolio of stations, Lotus Communications operates four... More