E.W. Scripps Stock Pauses as SSP Battle Stays Active
E.W. Scripps shares rose 0.6% to $3.44 early Wednesday, outpacing the SPDR S&P 500 ETF, which slipped 0.1%. The company reported $517 million in first-quarter revenue and an $18 million loss, with $2.55 billion in long-term debt as of March 31. Scripps rejected Sinclair’s $622 million bid in December; the stock now trades at less than half that offer.