The E W Scripps Co
SSP—
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The E W Scripps Co AI Insights
Informational only. Not investment advice.Snapshot
- Goodwill of 1.95B is 232% of common equity (842M) - tangible book value is NEGATIVE (-2.67B), creating material impairment risk[Goodwill]
- Interest expense TTM (210M) consumes 69% of operating income (305M), leaving only 23M net income despite 417M EBITDA[Interest Expense]
- Revenue down 18.6% YoY with gross profit down 34.8% - operating leverage working in reverse, margin compression accelerating[Total Revenue 1Y Growth]
Watch Triggers
- Interest Coverage (EBIT/Interest): Falls below 1.0x (currently 1.26x) — Would signal inability to service debt from operations, accelerating restructuring timeline
- Free Cash Flow TTM: Turns negative or falls below 100M — Eliminates debt paydown optionality, forces refinancing at likely higher rates
- Total Revenue TTM: Decline exceeds 10% for second consecutive year — Confirms secular decline thesis, invalidates turnaround case
Bull Case
Trading at 0.15x P/S vs industry median 0.65x - if revenue stabilizes, multiple expansion alone could drive 3-4x upside
P/S RatioEnterprise Value
Operating margin 13.1% vs industry median 5.5% shows underlying business quality; FCF positive at 122M despite revenue decline
Operating Margin TTMFree Cash Flow TTM
Bear Case
Debt of 2.77B at 3.3x equity with 210M annual interest creates existential risk - one bad year could trigger covenant issues
Total DebtDebt to EquityInterest Expense
Revenue down 19% and gross profit down 35% YoY signals structural decline in broadcast TV; secular headwinds intensifying
Total Revenue 1Y GrowthGross Profit 1Y Growth
Bull vs Bear Balance
AI-generated sentiment analysis based on fundamental metrics and market conditions.
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Forward Thesis
Debt burden likely forces asset sales or restructuring within 18 months absent revenue stabilization
1-3ymed
- Debt/equity at 3.3x with 2.77B total debt
- FCF of 122M barely covers interest (210M)
- Revenue declining 19% with no floor visible
Net debt 2.59B vs market cap 359M (7.2x)Cash only 55M vs current debt 9MEPS negative at -$0.59 TTM
Valuation Context
Caveats
SSP Fundamentals
Information → Broadcasting and Content Providers
| Metric | Value | YoY Growth | Industry Percentile |
|---|---|---|---|
$263.64M | — | ||
$2.84B | — | ||
0.00 | — | ||
$2.14B | -13.3% | — | |
$-1.85 | — | ||
7.26% | -9.3% | — | |
-4.63% | -10.3% | — | |
$15.24M | -94.3% | — | |
-11.5% | -28.6% | — | |
Beta 5Y (Monthly) | unknown | — |
SSP Dividend History
48 dividends
2020
$0.200012/14/20$0.0500
09/14/20$0.0500
06/12/20$0.0500
03/13/20$0.0500
2019
$0.200012/12/19$0.0500
09/12/19$0.0500
06/13/19$0.0500
03/14/19$0.0500
2018
$0.200012/13/18$0.0500
09/13/18$0.0500
06/14/18$0.0500
02/28/18$0.0500
2015
$1.029703/23/15$1.0297
2008
$0.990008/27/08$0.1500
05/28/08$0.4200
02/27/08$0.4200
2007
$1.620011/28/07$0.4200
08/29/07$0.4200
05/23/07$0.4200
02/21/07$0.3600
2006
$1.410011/21/06$0.3600
08/23/06$0.3600
05/26/06$0.3600
02/24/06$0.3300
2005
$1.290011/28/05$0.3300
08/29/05$0.3300
05/26/05$0.3300
02/24/05$0.3000
2004
$1.162511/26/04$0.3000
08/27/04$0.3000
05/26/04$0.3000
02/25/04$0.2625
2003
$0.900011/25/03$0.2250
08/27/03$0.2250
05/28/03$0.2250
02/26/03$0.2250
2002
$0.900011/26/02$0.2250
08/28/02$0.2250
05/29/02$0.2250
02/26/02$0.2250
2001
$0.900011/28/01$0.2250
08/29/01$0.2250
05/29/01$0.2250
02/26/01$0.2250
2000
$0.840011/28/00$0.2100
08/29/00$0.2100
05/26/00$0.2100
02/25/00$0.2100
SSP Stock Splits
2 stock splits
07/16/083:1 split
09/13/040.5:1 split
SSP SEC Filings
| Filing Date | Report Date | Report Type | Filing Link |
|---|---|---|---|
05/08/26 | 03/31/26 | 10-Q | |
02/27/26 | 12/31/25 | Unknown | |
11/07/25 | 09/30/25 | 10-Q | |
08/08/25 | 06/30/25 | 10-Q | |
05/09/25 | 03/31/25 | 10-Q | |
03/12/25 | 12/31/24 | 10-K | |
11/05/24 | 09/30/24 | 10-Q | |
08/09/24 | 06/30/24 | 10-Q | |
05/10/24 | 03/31/24 | 10-Q | |
02/23/24 | 12/31/23 | 10-K | |
11/03/23 | 09/30/23 | 10-Q | |
08/04/23 | 06/30/23 | 10-Q | |
05/05/23 | 03/31/23 | 10-Q | |
02/24/23 | 12/31/22 | 10-K | |
11/08/22 | 09/30/22 | 10-Q | |
08/05/22 | 06/30/22 | 10-Q | |
05/06/22 | 03/31/22 | 10-Q | |
02/25/22 | 12/31/21 | 10-K | |
11/05/21 | 09/30/21 | 10-Q | |
08/06/21 | 06/30/21 | 10-Q | |
05/10/21 | 03/31/21 | 10-Q | |
02/26/21 | 12/31/20 | 10-K | |
11/06/20 | 09/30/20 | 10-Q | |
08/07/20 | 06/30/20 | 10-Q | |
05/08/20 | 03/31/20 | 10-Q | |
02/28/20 | 12/31/19 | 10-K | |
11/08/19 | 09/30/19 | 10-Q | |
08/09/19 | 06/30/19 | 10-Q | |
05/10/19 | 03/31/19 | 10-Q | |
03/01/19 | 12/31/18 | 10-K | |
11/09/18 | 09/30/18 | 10-Q | |
08/03/18 | 06/30/18 | 10-Q | |
05/07/18 | 03/31/18 | 10-Q | |
02/28/18 | 12/31/17 | 10-K | |
11/03/17 | 09/30/17 | 10-Q | |
08/03/17 | 06/30/17 | 10-Q | |
05/05/17 | 03/31/17 | 10-Q | |
02/24/17 | 12/31/16 | 10-K | |
11/04/16 | 09/30/16 | 10-Q | |
08/05/16 | 06/30/16 | 10-Q | |
05/06/16 | 03/31/16 | 10-Q | |
02/26/16 | 12/31/15 | 10-K | |
11/06/15 | 09/30/15 | 10-Q | |
08/10/15 | 06/30/15 | 10-Q | |
05/08/15 | 03/31/15 | 10-Q | |
03/13/15 | 12/31/14 | 10-K | |
11/07/14 | 09/30/14 | 10-Q | |
08/08/14 | 06/30/14 | 10-Q | |
05/09/14 | 03/31/14 | 10-Q | |
03/04/14 | 12/31/13 | 10-K | |
11/08/13 | 09/30/13 | 10-Q | |
08/09/13 | 06/30/13 | 10-Q | |
05/07/13 | 03/31/13 | 10-Q | |
03/06/13 | 12/31/12 | 10-K | |
11/09/12 | 09/30/12 | 10-Q | |
08/07/12 | 06/30/12 | 10-Q | |
05/08/12 | 03/31/12 | 10-Q | |
03/07/12 | 12/31/11 | 10-K | |
11/09/11 | 09/30/11 | 10-Q | |
08/09/11 | 06/30/11 | 10-Q | |
05/10/11 | 03/31/11 | 10-Q | |
03/02/11 | 12/31/10 | 10-K | |
11/02/10 | 09/30/10 | 10-Q | |
08/09/10 | 06/30/10 | 10-Q | |
05/10/10 | 03/31/10 | 10-Q | |
03/05/10 | 12/31/09 | 10-K | |
11/05/09 | 09/30/09 | 10-Q | |
08/10/09 | 06/30/09 | 10-Q | |
05/07/09 | 03/31/09 | 10-Q | |
03/02/09 | 12/31/08 | 4 | |
11/10/08 | 09/30/08 | 10-Q | |
08/11/08 | 06/30/08 | 8-K | |
05/12/08 | 03/30/08 | Unknown | -- |
02/29/08 | 12/31/07 | 10-K | |
11/09/07 | 09/30/07 | 10-Q | |
08/08/07 | 06/30/07 | 10-Q | |
05/10/07 | 03/30/07 | Unknown | -- |
03/01/07 | 12/31/06 | 10-K | |
11/09/06 | 09/30/06 | 10-Q | |
08/09/06 | 06/30/06 | 10-Q | |
05/10/06 | 03/30/06 | Unknown | -- |
03/16/06 | 12/31/05 | 10-K | |
11/08/05 | 09/30/05 | 10-Q | |
08/09/05 | 06/30/05 | 10-Q | |
05/10/05 | 03/30/05 | Unknown | -- |
03/15/05 | 12/31/04 | 10-K | |
11/02/04 | 09/30/04 | 10-Q | |
08/06/04 | 06/30/04 | 10-Q | |
05/05/04 | 03/30/04 | Unknown | -- |
03/11/04 | 12/31/03 | 10-K | |
11/13/03 | 09/30/03 | 4 | |
08/01/03 | 06/30/03 | 10-Q | |
05/13/03 | 03/30/03 | Unknown | -- |
03/25/03 | 12/31/02 | 10-K | |
11/06/02 | 09/30/02 | 4 | |
08/12/02 | 06/30/02 | 10-Q | |
05/13/02 | 03/30/02 | Unknown | -- |
03/28/02 | 12/31/01 | 10-K/A | |
11/13/01 | 09/30/01 | 10-Q | |
08/13/01 | 06/30/01 | 10-Q | |
05/10/01 | 03/30/01 | Unknown | -- |
03/27/01 | 12/31/00 | 10-K | |
11/13/00 | 09/30/00 | 10-Q | |
08/03/00 | 06/30/00 | 10-Q | |
05/10/00 | 03/30/00 | Unknown | -- |