Reading SSP? Track it free: the weekly brief, plus an alert if the thesis breaks. No credit card.
Track SSP free→Reading SSP? Track it free: the weekly brief, plus an alert if the thesis breaks. No credit card.
Track SSP free→NASDAQCommunication ServicesBroadcastingSnapshot 2026-06-16
Recent financial performance is holding in the top half of its industry — the reason to own it looks intact.
Recent financial performance is neutral, while management's recent track record has been unsteady, with frequent disruptive corporate changes. The company was unprofitable over the past year, so its earnings quality can't be assessed, and it has a capital-unfriendly stance. Risk is high, and the sector backdrop is a headwind, although SSP trades above typical compared to sector peers. Peer multiples imply a price about 47% below where it trades (it looks expensive on this basis); the read is rich, as it trades above peer multiples, and the longer horizon does not make that back through growth. This read is provisional.
Daily closes. Earnings/event dots are placed inline.
A consensus fair price across 1 valuation methods, at three horizons. Current price $2.89. Estimates are diagnostics, not price targets. Short-horizon estimates are close to coin-flips, so confidence is a method-agreement read, not a prediction.
No-growth: today's peer multiple on trailing earnings. The headline read.
Embeds projected growth. Leans optimistic by design. Upside context.
We take the 12-month fair value above and grade our own number — how the market prices this name versus what we'd justify, and where the two diverge.
At $2.89 SSP trades at 0× p/s, below its 1× p/s peer median. Our $1.84 fair value sits above the price; low confidence. Not investment advice.
One valuation read at a 12-month horizon, plus how price compares to peers and the company's own history.
The market is pricing in roughly 57% near-term growth, well above our forecast of about -14%. This describes what's priced in, not a forecast of the move.
TTM earnings are negative, so the read leans on sales- and cash-flow-based methods rather than P/E. This is a data condition, not a forward call.
Only expensive valuation — not the full expensive x weak x turbulent stack. Regime (Crisis) does not concentrate fragility.
Each factor is a parallel diagnostic with a clear read of what it shows and how names like it have historically fared. Never aggregated into a single score.
Operating income rose in 1 of the last 3 quarter-over-quarter moves. Historically, Communication Services names rated neutral grew net income 46% of the time over the next year (vs 61% for the rest of the cohort, n=902).
Over the trailing year it converted -0.60x of net income into operating cash flow.
Most sensitive to the broad stock market.
Not enough signal to read sensitivity to the US dollar, real (inflation-adjusted) rates, Fed net liquidity, long-term interest rates.
18 material management or governance events in the past 24 months, led by capital-allocation actions. Historically, Communication Services names rated volatile grew net income 60% of the time over the next year (vs 59% for the rest of the cohort, n=200).
The next print and the backdrop around it (sector regime and the AI cycle). Context for the path, not a forecast of returns.
EPS estimate $0.00 → $-0.43. 0 raised, 0 cut, 1 covering analysts.
0 upgrades, 0 downgrades / 30d. 40% of analysts rate Buy.
How management runs the business: capital, margins, balance sheet, and how reliably they guide and deliver.
What a normal day, a bad day, and the worst of the last year would mean for a $10,000 position.
On a typical day, $10k can swing ±$299.
How much price usually moves either way.
On a bad day, this stock has moved -$709.
A rough but not unusual down day (about the 95th percentile).
In the worst 12 months, $10k could have lost $5,060.
Deepest peak-to-trough drop in the last year.
Past results, not a forecast. Not investment advice.
The most important moves since the prior daily snapshot.
No material changes since the prior snapshot.
as of 2026-06-16
Specific, dated things to watch for, each with what would confirm it and what would prove it wrong.
Why it matters: The earnings report will provide insights on performance and future guidance. It can impact stock sentiment.
Confirms one read:The earnings report shows higher revenue and profit margins than expected.
Confirms the other:The earnings report shows lower revenue and profit margins than expected.
Recent news graded against this company's own objectives — whether it reinforces or challenges the thesis, and how confirmed it is.
No graded news catalysts for SSP yet.
Conditional scenarios: if X happens, the view would shift in this direction. These are not predictions.
Recent SEC 8-K filings ranked by likely impact, confidence, and recency.
Completion of Acquisition or Disposition of Assets On May 15, 2026, The E.W. Scripps Company (“Scripps”) closed on the previously announced stations swap transaction with Gray Media, Inc. (“Gray”). Scripps acquired KKTV (CBS) in Colorado Springs, Colorado; KKCO (NBC) and low power station KJCT-LP (ABC) in Grand Junction, Colorado; and KMVT (CBS) and low power station KSVT-LD (Fox) in Twin Falls, Idaho. Gray acquired WSYM (Fox) in Lansing, Michigan, and KATC (ABC) in Lafayette, Louisiana. The…
Whether the overall read has been drifting up or down lately, and how it's changed since last week.
Not investment advice. Scores describe historical and current data; they are not forecasts of future returns. Consult a licensed advisor before making investment decisions.
Long-thesis check; widest uncertainty.
TTM earnings are negative. P/E-based methods drop out and the estimate leans on sales- and cash-flow-based methods. A data condition, not a forward call.
For similar setups historically (n=20,154): about 33% saw a 20%+ drawdown, and roughly 76% of those did not recover within the year. These are historical base rates for the cohort, not a forecast of this stock.
Looks cheaper than most peers in the same business.
Self-history needs ~20 months of data.
Trailing four: 2025-Q1, 2025-Q2, 2025-Q3, 2026-Q1
A side-by-side read on sector standing, valuation, and risk versus Broadcasting.
| Stock | Sector standing | Valuation | Risk |
|---|---|---|---|
SSP EW Scripps Co. (The) | Above typical Show detailsSector percentile: 82 of 100 | expensive | high |
WBD Warner Bros. Discovery | Below typical Show detailsSector percentile: 26 of 100 | expensive | moderate |
FOXA Fox Corporation (Class A) | Above typical Show detailsSector percentile: 80 of 100 | fair | moderate |
FOX Fox Corporation (Class B) | Above typical Show detailsSector percentile: 85 of 100 | inexpensive | moderate |
NXST Nexstar Media Group | Above typical Show detailsSector percentile: 99 of 100 | fair | moderate |
Not investment advice. As of 2026-06-16.
via XLC
Tailwind = sector leading the S&P 500; headwind = trailing. Both can be constructive. Historically, headwind regimes have averaged stronger forward returns than tailwind.
Context label only: describes the market state (e.g. real bear vs narrative panic, healthy uptrend vs late-stage froth). It is not a per-ticker buy/sell signal and does not predict factor performance.
Not investment advice. As of 2026-06-16.
A guidance track record builds as the company issues and delivers on guidance.
Priorities management has stated in recent disclosures, with status and evidence drawn from earnings calls, filings, and press releases.
Finalize the acquisition of specific stations from Gray Media and the disposition of others.
Maintain capital expenditures within the guided range for fiscal year 2026.
Anticipate a decline in Scripps Networks revenue by approximately 10% for Q2 2026.
Why it matters: Positive revenue growth may mean the sector is improving. This could boost investor confidence.
Confirms:Revenue growth turns positive year over year for the next quarter.
Disproves:Revenue growth remains negative year over year for the next quarter.
Results of Operations and Financial Condition On May 7, 2026, we released information regarding results of operations for the quarter ended March 31, 2026. A copy of the press release is attached hereto as Exhibit 99.1.
Entry Into a Material Definitive Agreement On April 30, 2026, The E.W. Scripps Company (the “Company”) entered into Amendment No. 1 to its credit agreement that extends the July 7, 2027 maturity date of our revolving credit facility. Under the terms of this amendment, the Company now has a revolving credit facility with aggregate commitments of up to $200 million, maturing on July 7, 2029, and a non-extended revolving credit facility with aggregate commitments of up to $8.0 million, maturing…
Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant The information set forth in
Completion of Acquisition or Disposition of Assets On March 31, 2026, The E. W. Scripps Company (“Scripps”) closed on the sale of its WRTV television station to Circle City Broadcasting for cash consideration of $83 million. Although the transaction only relates to a single station and we do not consider it material, under revised Securities and Exchange Commission rules that require us to compare the value of the consideration received against our market capitalization, the WRTV sale met a q…