A TV broadcaster running 61 local stations plus national networks like ION and Newsy, reaching viewers over the air, cable, and streaming. Think of it as a multi-channel antenna for both hometown news and national crime shows.
Revenue comes from advertising on local TV stations and national networks, plus retransmission fees from cable and satellite operators. Gross margin was 31.46% TTM, but net margin was deeply negative at -58.81%, reflecting heavy losses.
Local broadcast licenses and retransmission agreements create barriers, but cord-cutting and streaming competition from Netflix, YouTube TV, and Hulu are eroding traditional ad and subscription revenue. Moat is eroding.
Key events, in time order
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E.W. Scripps is expected to be a seller of stations following FCC approval to lift media ownership caps, potentially benefiting from asset value increases.
Main discussion
FCC approves station cap lifts. I would expect media mergers to pick up. I think $SSP will be a seller. $GTN will continue to do in market buys. $NXST needs to integrate TEGNA and then they will probably make a move again. $SBGI to sell ventures portfolio and try to merge with so
Gray Media $GTN strong results. Proving they can do acquisitions and integrate well. I’m guessing they will be looking for some more deals shortly with station caps lifted. Could be a buyer of a few $SSP stations. SSP needs it. Networks biz has imploded. https://t.co/iaegJwfGyv
RT @leevalueroach: FCC approves station cap lifts. I would expect media mergers to pick up. I think $SSP will be a seller. $GTN will contin…
I imagine this makes $SSP's assets more valuable. Previous (rejected) buyout offer from $SBGI of $7 per share. Stock currently at $2.95.
$SSP Q2 2026 earnings: Networks Collapse and Carriage Disputes Eclipse Political Windfall Scripps' Q2 results reveal severe structural cracks, overshadowed only by a $1.1 billion impairment charge in its Networks division. Consolidated revenue declined 9.2% YoY to $490 million, m
$SSP Spectrum always migrates towards its highest and best use https://t.co/Jky8coWICQ
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