The broadcast media industry's key leaders have been asking for it. Soon, they'll likely get it. FCC Chairman Brendan Carr on Wednesday announced that the agency has launched what he calls "a massive, new deregulatory initiative."
The E.W. Scripps Co. President/CEO Adam Symson opened his company's Q4 2024 earnings report with a strong call of support for the Chairman of the FCC, pleading the regulatory agency to loosen local ownership restrictions. He also told an analyst that Scripps will consider swaps or sales, should deregulation come.
"Good things come to those who wait," so the saying goes. That's indeed the case when it comes to investors in The E.W. Scripps Co. With a significant round of debt refinancing announced Tuesday, Scripps cleared a big hurdle as it prepared to discuss its Q4 2024 results this morning after a short postponement of their release.
It was not the final three months of 2024 that a company would want to share with investors. Yet, shares were up by nearly 6 percent in early trading on Tuesday, as Saga Communications released its Q4 report — one that saw diminished results from the prior year.
Adam Jacobson
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