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Stock impact report

Scripps launches cost cutting, AI integration in latest effort to generate earnings growth [MSNBC.com]

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: MSNBC.com
In this articleFILE PHOTO: E.W. Scripps Co. signage is displayed on a monitor on the floor of the New York Stock Exchange (NYSE) in New York, U.S., on Friday, June 3, 2016.Michael Nagle | Bloomberg | Getty ImagesThe company announced Wednesday that it's targeting growth of between $125 million and $150 million in annual enterprise earnings before interest, taxes, depreciation and amortization by 2028. In order to get there, Scripps will go through a number of cost savings and revenue growth measures that lean on technology, namely artificial intelligence, CNBC can exclusively report."This will essentially be a reorienting of the entire company ... with a much more agile and efficient cost structure," CEO Adam Symson said in an interview with CNBC. "We have to act like a media startup. We've got to act like the company E.W. founded, because the marketplace cannot bear the legacy pace or legacy thinking."The company plans to outline more details about its efforts during its next earning Show less Read more
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