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Fly News Breaks for February 29, 2016
SSP
Feb 29, 2016 | 07:00 EDT
Wells Fargo analyst Marci Ryvicker downgraded E.W. Scripps to Market Perform following the slightly lower than expected Q4 report and guidance. The analyst core advertising of flat to down is disappointing and there is no visibility into when digital will break even. Ryvicker lowered his valuation range on shares to $19-$21 from $22-$26.
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