Scripps reports first-quarter 2020 results
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E.W. Scripps Co. (SSP) Misses Q1 EPS by 6c, Revenues Miss
May 8, 2020 7:31 AM EDTE.W. Scripps Co. (NASDAQ: SSP) reported Q1 EPS of ($0.15), $0.06 worse than the analyst estimate of ($0.09). Revenue for the quarter came in at $430.91 million versus the consensus estimate of $435.8 million.
Business highlights
As the pandemic spread across the United States, Scripps successfully transitioned to a remote workforce without missing any news broadcasts and with minimal impact to business continuity.In Local Media, retransmission revenue grew 21% on an adjusted combined basis in the first quarter as the company reset its Comcast contract on Jan. 1 and then another major contract on March 1.... More