E.W. Scripps Co. (SSP) Declares $0.05 Quarterly Dividend, 1.7% Yield; Announces New Share Buyback Up to $100M

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Go back to E.W. Scripps Co. (SSP) Declares $0.05 Quarterly Dividend, 1.7% Yield; Announces New Share Buyback Up to $100M

E.W. Scripps Co. (SSP) Reports In-Line Q4 EPS, Revenues Beat

February 28, 2020 7:31 AM EST

E.W. Scripps Co. (NASDAQ: SSP) reported Q4 EPS of $0.13, in-line with the analyst estimate of $0.13. Revenue for the quarter came in at $444 million versus the consensus estimate of $422.86 million.

Business highlights

Scripps has delivered financial results that have met or exceeded expectations for the last nine consecutive quarters.In 2019, Scripps completed strategic television station acquisitions that position it as the fourth-largest independent local broadcaster, with 60 stations in 42 markets reaching 31% of U.S. TV households and bolstering the company\'s economic durability.During the first half of 2020, Scripps will renegotiate retransmission... More