Scripps Completes Cable/Satellite Carriage Agreements Covering 75% Of Its Pay TV Households; For 2023, Expects $750M In Local Media Division Distribution Revenue, Nearly 15% Growth Over 2022, Expects A 40% Increase In Net Distribution Dollars
Portfolio Pulse from Bill Haddad
Scripps has completed cable/satellite carriage agreements covering 75% of its pay TV households. For 2023, the company expects $750M in local media division distribution revenue, a nearly 15% growth over 2022, and a 40% increase in net distribution dollars.
October 11, 2023 | 12:36 pm
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POSITIVE IMPACT
Scripps' completion of carriage agreements and expected growth in revenue and net distribution dollars could positively impact its stock.
The completion of carriage agreements covering a significant portion of Scripps' pay TV households indicates a strong market position. The expected growth in revenue and net distribution dollars for 2023 suggests a positive financial outlook, which could attract investors and drive up the stock price.
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