Professional
Added to YB: 2024-01-09
Pitch date: 2024-01-09
SSP [bullish]
The E.W. Scripps Company
-41.07%
current return
Author Info
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Company Info
The E.W. Scripps Company, together with its subsidiaries, operates as a media enterprise through a portfolio of local television stations, national news, and entertainment networks in the United States.
Market Cap
$272.6M
Pitch Price
$7.45
Price Target
N/A
Dividend
N/A
EV/EBITDA
7.15
P/E
-6.77
EV/Sales
1.48
Sector
Media
Category
turnaround
Cove Street Capital: $SSP
$SSP surged as ad market & auto strike fears eased. Aggressively added in Oct, now top 5 position. Scripps capitalizing on media evolution, legacy TV has legs. Cash gusher rapidly deleveraging from M&A. FCF creates ~20% annualized equity value growth at current levels.
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