E.W. Scripps Expects Q1 FY2024 Local Media Revenue To Increase In Low Teens Percent, With Scripps Networks Revenue To Be Flat To Down Low-Single-Digit Percent
Portfolio Pulse from Benzinga Newsdesk
E.W. Scripps anticipates an increase in Q1 FY2024 local media revenue in the low teens percentage, while expecting Scripps Networks revenue to be flat or decrease by a low-single-digit percentage.
February 23, 2024 | 12:45 pm
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E.W. Scripps expects a significant increase in local media revenue but a potential slight decrease in Scripps Networks revenue for Q1 FY2024.
The positive outlook for local media revenue suggests a strong performance in a key segment of E.W. Scripps' business, likely driving investor optimism and potentially boosting SSP's stock price in the short term. However, the flat to slightly negative projection for Scripps Networks revenue could temper some of this optimism, making the overall impact on the stock price positive but with caution.
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