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Fly News Breaks for October 5, 2015
SNI
Oct 5, 2015 | 08:11 EDT
Goldman downgraded Scripps Networks to Sell with a $47 price target on shares. Analyst Drew Borst said Scripps has among the highest exposure to TV ads and has become increasingly cautious on TV advertising and pay TV subscribers. Borst sees continued pressure on Scripps and believes consensus earnings estimates for FY16/17 are at risk.
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