It was a frustrating Friday for The E.W. Scripps Co. A morning conference call was held following the late Thursday release of its Q1 2024 earnings results, which CFO Jason Combs noted beat profit estimates “driven by tight cost controls.”
While CEO Adam Symson shared that Scripps is “off to a pretty good start for the year,” shares tumbled in Friday trading following the earnings call, during which the Managing Director and Senior Analyst covering media and cable at Wells Fargo Securities sought clarity on the company’s Q2 revenue guidance for its shaky Networks arm.
