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E. W. Scripps Co (SSP.N)

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Latest Key Developments (Source: Significant Developments)

Scripps Q2 EPS $0.14 from continuing operations
Friday, 5 Aug 2016 07:30am EDT 

E. W. Scripps Co : Reports second-quarter 2016 results . Q2 earnings per share $0.14 from continuing operations . Q2 earnings per share view $0.14 -- Thomson Reuters I/B/E/S . Q2 revenue $228 million versus I/B/E/S view $231.4 million . Sees Q3 radio revenue down mid-single digits; sees Q3 digital revenue up about 50 percent . "More than 80 percent of our potential political revenue is still ahead of us over next 13 weeks" . About half of our total political ad revenue projected in Q4 . Qtrly revenue from television group was $192 million, up $24.4 million or 15 percent . Q2 started slower than anticipated, with Clinton-Sanders race running out longer than expected, delaying start to general-election spending . Sees Q3 television revenue up between 35-45 percent .We see a more normal pace of political spending to set in now that we are through party conventions, traditional start of heavy spending season.  Full Article

Hammerson sells Manor Walks Shopping Centre for 78 mln stg
Tuesday, 19 Jul 2016 02:25am EDT 

Hammerson :Hammerson has exchanged contracts for the sale of Manor Walks Shopping Centre, Cramlington in Northumberland to Arch Commercial Enterprise Ltd for £78 million.  Full Article

Scripps acquires podcast platform Stitcher
Monday, 6 Jun 2016 03:30pm EDT 

E. W. Scripps Co : Stitcher Will Operate As Part Of Midroll Media . Scripps And Deezer Agreed To A $4.5 Million Cash Purchase Price .Scripps Acquires Podcast Platform Stitcher To Complement Midroll Content And Services.  Full Article

Scripps Q1 EPS $0.06 from continuing operations
Friday, 6 May 2016 07:50am EDT 

Scripps : Reports First-Quarter 2016 results . Q1 earnings per share $0.06 from continuing operations . Q1 revenue $209 million versus i/b/e/s view $207 million . Q1 earnings per share view $-0.00 -- Thomson Reuters I/B/E/S . Sees q2 television revenue up 15-18 percent .For full year, now expect digital division revenue to be up in mid 50 percent range.  Full Article

E.W. Scripps Company expects newspaper spinoff to retain tax-free status in Journal Media Group acquisition
Wednesday, 7 Oct 2015 07:47pm EDT 

E.W. Scripps Company:Expects the spinoff and merger of its newspaper operations with those of Journal Communications to remain tax free for Scripps and its shareholders if Journal Media Group (NYSE: JMG) is acquired by Gannett Company (NYSE: GCI).Gannett announced plans for the acquisition on Oct.08.Under that agreement, Journal Media Group is required to provide Scripps with an unqualified opinion of tax counsel confirming that the tax-free status of the spin-off of Scripps newspapers will be preserved in the event of a sale of Journal Media Group.Scripps has received this tax opinion, which concludes that the sale of Journal Media Group will not result in the prior Scripps spinoff becoming taxable to Scripps or its shareholders.  Full Article

E. W. Scripps acquires Midroll Media
Wednesday, 22 Jul 2015 12:00pm EDT 

E. W. Scripps:Says has acquired podcast industry leader Midroll Media, a five-year-old Los Angeles-based company that creates original podcasts and operates a network that generates revenue for more than 200 shows, including " StartUp " and " Nerdist.".Scripps did not disclose the terms of the acquisition.  Full Article

E. W. Scripps Co announces payment of special dividend to shareholders
Monday, 30 Mar 2015 10:11am EDT 

E. W. Scripps Co:Special cash dividend related to merger of its broadcast assets with those of Journal Communications and spinoff of their respective newspapers.Says special one-time cash dividend of $1.0297 per share is payable to shareholders of record as of close of business on March 25.Says special dividend is payable upon closing of transactions, scheduled for April 1.  Full Article

Illumina wins dismissal of Scripps Institute patent lawsuit

A federal judge in San Diego has dismissed a lawsuit by the non-profit Scripps Research Institute accusing Illumina Inc of infringing a patent related to a type of genetic analysis tool.