E. W. Scripps Co (OQ:SSP)

Sector:  Consumer Cyclicals Industry:  Broadcasting
See Regulatory Filings on SEC
Company Contact
Address: 312 Walnut St
CINCINNATI OH 45202-4024
Tel: 1-513-9773732
Website: www.scripps.com
IR: See website
Key People
Adam P. Symson
President, Chief Executive Officer, Director
Lisa Ann Knutson
Chief Financial Officer, Executive Vice President
Brian G. Lawlor
President - Local Media
William Appleton
Executive Vice President, General Counsel
Douglas F. Lyons
Senior Vice President, Controller, Treasurer
Laura M. Tomlin
Senior Vice President - National Media
Marc Jaromin
Vice President, General Manager for WKBW
Robert Kalutkiewicz
Vice President - Strategy, New Business and Corporate Development
Danyelle S.T. Wright
Vice President - employment and labor law, and chief diversity officer
Business Overview
The E. W. Scripps Company is a media enterprise with interests in television and radio broadcasting, as well as local and national digital media brands. The Company's segments include television, radio, digital, and syndication and other. As of December 31, 2016, the Television segment included approximately 15 American Broadcasting Company (ABC) affiliates, five National Broadcasting Company (NBC) affiliates, two FOX affiliates, two Columbia Broadcasting System (CBS) affiliates and four non big-four affiliated stations. As of December 31, 2016, the radio segment owned 34 radio stations in eight markets. As of December 31, 2016, it operated 28 frequency modulation (FM) stations and six Amplitude Modulation (AM) stations. The digital segment includes the digital operations of its local television and radio businesses. Its Syndication and other segment primarily includes the syndication of news features and comics and other features for the newspaper industry.
Financial Overview
For the nine months ended 30 September 2019, E. W. Scripps Co revenues increased 17% to $979.4M. Net loss applicable to common stockholders excluding extraordinary items totaled $29.1M vs. income of $20.4M. Revenues reflect Other segment increase of 82% to $3.9M. Net loss reflects Compnstn./Benefits increase of 21% to $350.5M (expense), Costs and expenses increase of 17% to $205.8M (expense). Dividend per share remained flat at $0.15.
Employees: 3,950 as of Dec 31, 2018
Reporting Currency: U.S. Dollars
Enterprise value: $2,948M as of Sep 30, 2019
Annual revenue (TTM): $1,348M as of Sep 30, 2019
EBITDA (TTM): $209.42M as of Sep 30, 2019
Net annual income (TTM): $6.27M as of Sep 30, 2019
Free cash flow (TTM): -$18.40M as of Sep 30, 2019
Net Debt Last Fiscal Year: $1,850M as of Sep 30, 2019
Shares outstanding: 80,914,596 as of Sep 30, 2019
Index Membership: S&P 600 Small Cap
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization