Why E.W. Scripps (SSP) Stock Is Trading Up Today
Update: 2025-10-29
Description
E.W. Scripps' stock surged by 2.7% after announcing the sale of WRTV to Circle City Broadcasting for $83 million, aiming to reduce debt and streamline its local TV station lineup. Despite the temporary boost, the stock remains volatile, with 79 sessions in the last year seeing movements of more than 5%. Meanwhile, the media sector faces challenges due to US-China trade tensions, impacting consumer confidence and entertainment spending, leaving Scripps' shares down nearly 2% for the year.
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