E W Scripps Co Reports Q4 Loss Amid Goodwill Impairment, Yet Sees Advertising Growth [Yahoo! Finance]
E.W. Scripps Company (The) - Class A (SSP)
Last e.w. scripps company (the) - class a earnings: 11/8 07:30 am
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Source: Yahoo! Finance
Goodwill Impairment : Non-cash goodwill impairment charge of $266 million recorded in Q4. Local Media : Core advertising revenue up 1%, with distribution revenue increasing 22% in Q4. Scripps Networks : Q4 revenue down 7%, with a 33% increase in connected TV revenue. Cost-Savings Initiatives : On track to realize over $40 million in annualized savings by mid-2024. Debt Management : Mandatory principal payments of $17.1 million made on term loans in 2023. Warning! GuruFocus has detected 6 Warning Signs with SSP. The E W Scripps Co ( NASDAQ:SSP ) released its 8-K filing on February 23, 2024, revealing a mixed financial performance for the fourth quarter of 2023. The media company, known for its local and national media brands, reported a decrease in revenue and a significant net loss, primarily due to a non-cash goodwill impairment charge. Despite these challenges, the company's Local Media segment showed resilience with an increase in core advertising revenue and distribut
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High impacting E.W. Scripps Company (The) - Class A news events
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News
- Scripps News receives first-place National Headliner Award for documentary on U.S.-Mexico border patrols [Yahoo! Finance]Yahoo! Finance
- Scripps News receives first-place National Headliner Award for documentary on U.S.-Mexico border patrolsPR Newswire
- Scripps appoints Seth Walters to steer connected TV sales strategyPR Newswire
- E.W. Scripps exploring sale of Black-culture broadcast network Bounce TV [MSNBC.com]MSNBC.com
- Cove Street Capital Q1 2024 Letter To Shareholders [Seeking Alpha]Seeking Alpha
SSP
Earnings
- 2/23/24 - Miss
SSP
Sec Filings
- 5/3/24 - Form 4
- 5/3/24 - Form 4
- 5/3/24 - Form 4
- SSP's page on the SEC website