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Stock impact report

Broadcasting Stocks Q4 Teardown: E.W. Scripps (NASDAQ:SSP) Vs The Rest [Yahoo! Finance]

E.W. Scripps Company (The) - Class A (SSP) 
Last e.w. scripps company (the) - class a earnings: 11/8 07:30 am Check Earnings Report
Company Research Source: Yahoo! Finance
Broadcasting companies have been facing secular headwinds in the form of consumers abandoning traditional television and radio in favor of streaming services. As a result, many broadcasting companies have evolved by forming distribution agreements with major streaming platforms so they can get in on part of the action, but will these subscription revenues be as high quality and high margin as their legacy revenues? Only time will tell which of these broadcasters will survive the sea changes of technological advancement and fragmenting consumer attention. The 7 broadcasting stocks we track reported a weaker Q4; on average, revenues missed analyst consensus estimates by 0.5%. while next quarter's revenue guidance was 4.9% below consensus. Investors abandoned cash-burning companies to buy stocks with higher margins of safety, and broadcasting stocks have not been spared, with share prices down 11.8% on average since the previous earnings results. E.W. Scripps (NASDAQ:SSP) Founded Show less Read more
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