Scripps in talks of merging with Discovery, Viacom

20 July, 2017, 00:34 | Author: Elaine Woods
  • The Discovery Communications logo is seen at their office in Manhattan New York U.S

According to a Reuters report, Scripps is looking for a buyer and has also held discussions with Viacom.

Other food companies traded higher.

Scripps has also been expanding of late. Detailed results should be out on Aug 9. Scripps Networks Interactive, Inc.

Another recent and important E I Du Pont De Nemours And Co (NYSE:DD) news was published by Seekingalpha.com which published an article titled: "EI Du Pont De Nemours: Good Total Return For This Giant Chemical Company" on June 20, 2017. The yield on the 10-year Treasury note remained at 2.26 percent. Jefferies maintained the shares of SNI in report on Thursday, July 6 with "Hold" rating. They now have $20.00 target price on the stock.

Scripps stock was up 12.5% a little more than three hours after trading closed Tuesday.

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Since the beginning of the calendar year, the stock is -6.10%. Stifel Corporation has 0.01% invested in Scripps Networks Interactive, Inc. Revenue at Scripps Networks Interactive was $3.4 billion previous year. Reuters reported on Viacom's involvement. New South Capital has invested 2.72% in Scripps Networks Interactive, Inc. The business had revenue of $855 million for the quarter, compared to the consensus estimate of $856.98 million. Parts of the website may not work as expected without them.

Stocks have been setting records for most of this year, and over the last few months they've gotten a boost from a recovery in corporate profits. Equities research analysts anticipate that E.W. Scripps Company will post $0.17 EPS for the current fiscal year. If you are accessing this article on another site, it was illegally stolen and republished in violation of USA & global trademark & copyright legislation. Share performance for the month is now at -0.49%. Aperio Group Limited Liability Company owns 70,016 shares. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Institutional investors own 73.95% of the company's stock. The disclosure for this sale can be found here. Share performance for the month is now at 8.08%. Old Mutual Customised Solutions (Proprietary) Ltd owns 2,100 shares for 0.03% of their portfolio.

A number of hedge funds have recently added to or reduced their stakes in SNI. Thrivent Financial for Lutherans increased its position in E.W. Scripps Company (The) by 4.9% in the fourth quarter. (NASDAQ:SNI). Moreover, Mariner Wealth Llc has 0.02% invested in Scripps Networks Interactive, Inc. US Bancorp DE now owns 146,142 shares of the company's stock worth $3,426,000 after buying an additional 3,229 shares during the last quarter.

Though small, Scripps has valuable assets in HGTV, Travel Channel and Food Network. The Company's content is distributed through multiple methods, including television, the Internet, digital platforms and licensing arrangements.

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