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Slide #32. The E.W. Scripps Company — Detroit MyNetworkTV affiliate WMYD and Buffalo, N.Y., ABC affiliate WKBW
The E.W. Scripps Company (NASDAQ:SSP)
Detroit MyNetworkTV affiliate WMYD and Buffalo, N.Y., ABC affiliate WKBW
The E.W. Scripps Company (NYSE: SSP) has agreed to acquire two television stations owned by Granite Broadcasting Corp. Detroit MyNetworkTV affiliate WMYD and Buffalo, N.Y., ABC affiliate WKBW for $110 million in cash.
Scripps (E.W.) is a media enterprise with interests in local and national media brands. Co.'s media businesses are organized into the following reportable business segments: Local Media and National Media. Co.'s Local Media segment is comprised of its local broadcast television stations and their related digital operations. Co. produces news, information and entertainment content that informs and engages its local communities. In addition, Co.'s television stations run network programming, syndicated programming and original programming. Co.'s National Media segment represents its collection of national media brands including Katz, Stitcher, Newsy and Triton.
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Strong Buy (3.50 out of 4)
(ranked higher than approx. 63% of all stocks covered)
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