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SSP

E.W. Scripps

$14.53

0.3 (2.11%)

17:02
08/07/18
08/07
17:02
08/07/18
17:02

E.W. Scripps to sell radio stations in Idaho, Arizona to Lotus Communications

The E.W. Scripps Company has reached an agreement to sell eight radio stations in Boise, Idaho, and Tucson, Arizona, to Lotus Communications Corp. for $8M. California-based Lotus Communications is purchasing KMXZ (94.9 FM), KFFN (1490 AM and 104.9 FM), KQTH (104.1 FM) and KTGV (106.3 FM) in Tucson and KJOT (1051. FM), KQXR (100.3 FM), KRVB (94.9 FM) and KTHI (107.1 FM) in Boise. In its portfolio of stations, Lotus Communications operates four radio stations in the Tucson market and will immediately divest of KQTH and KTGV in order to meet the Federal Communications Commission rules that cap station ownership in single markets. The transaction is expected to close in the fourth quarter.

  • 06

    Sep

SSP E.W. Scripps
$14.53

0.3 (2.11%)

01/11/18
BNCH
01/11/18
NO CHANGE
BNCH
Strong political environment for broadcasters may be overlooked, says Benchmark
Benchmark analyst Daniel Kurnos said he thinks the particularly strong political environment for broadcasters in 2018 may be being overlooked. Kantar Media/CMAG predicts a 14% increase in 2018 political spending versus 2014 levels, which is ahead of the 8-12% increase most common during comparable political cycles, the analyst noted. Nexstar (NXST) has the greatest overall political exposure among broadcasters in contested states, said Kurnos, who forecasts Nexstar and Meredith (MDP) can grow political revenue 7% and 15%, respectively, compared to 2014. Among the other broadcasters he covers - Gray (GTN), TEGNA (TGNA) and E.W. Scripps (SSP) - Kurnos models flat political revenue vs. 2014 but said this may be "a highly conservative initial outlook."

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AAPL

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SEDG

SolarEdge

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RUN

Sunrun

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BLSFY

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VZ

Verizon

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DISH

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T

AT&T

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VSM

Versum Materials

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Merck KGaA

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VLO

Valero

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VLO

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MGI

MoneyGram

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JKS

JinkoSolar

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