Raymundo H. Granado Jr., a director at The E.W. Scripps Company (NASDAQ: SSP), made two insider purchases of company stock in early March 2026, acquiring a total of 13,264 Class A Common Shares for roughly $59,597. The shares were bought at prices between $4.4333 and $4.5927.
The first transaction occurred on March 9, 2026, when Granado purchased 8,280 shares. He followed with a second purchase on March 10, 2026, acquiring 4,984 additional shares. As a result of these trades, Granado now directly holds 80,998 Class A Common Shares and 115 Common Voting Shares.
Granado also holds 90,673 Restricted Stock Units that are scheduled to vest on May 5, 2026 and convert into Class A Common Shares.
Share performance and valuation context
SSP shares have climbed 208% over the past year, yet the stock is trading at $4.11 as of the most recent quote. InvestingPro analysis cited in company reporting indicates the stock may be undervalued on Fair Value metrics and notes a low Price/Book multiple of 0.44. Investors seeking deeper valuation context are directed to SSP’s Pro Research Report, among more than 1,400 reports available through InvestingPro.
Recent operating and strategic developments
The E.W. Scripps Company posted fourth-quarter results that beat analysts’ expectations on multiple fronts. Revenue for the quarter reached $560 million, topping the $555 million estimate. Adjusted EBITDA came in at $86 million, above the $80 million forecast. The company reported earnings per share of -$0.1829, which improved on the anticipated -$0.33 and represented a 44.58% positive surprise relative to estimates.
On the transaction front, Scripps announced an agreement to acquire WTVQ, the ABC affiliate in Lexington, Kentucky, for $15.8 million. That deal is subject to regulatory approvals and, if completed, would create a duopoly in Lexington alongside Scripps’ existing NBC affiliate WLEX.
Separately, Scripps completed the sale of WFTX, its Fox-affiliated station in Fort Myers, Florida, for $40 million. The proceeds from that sale are intended to be used to reduce the company’s debt.
Analyst responses to Scripps’ recent results and strategic moves have been mixed. Benchmark raised its price target on Scripps to $10 from $8, citing management’s emphasis on organic growth and operational improvements under CEO Adam Symson. At the same time, Guggenheim kept a Neutral rating on the stock following the fourth-quarter performance.
What the filings show
- Insider transactions: Granado purchased 8,280 shares on March 9, 2026 and 4,984 shares on March 10, 2026, for a combined 13,264 Class A Common Shares at prices ranging from $4.4333 to $4.5927, totaling about $59,597.
- Holdings after trades: 80,998 Class A Common Shares and 115 Common Voting Shares held directly by Granado.
- Restricted awards: 90,673 Restricted Stock Units set to vest and convert into Class A Common Shares on May 5, 2026.
- Company performance: Q4 revenue $560 million versus $555 million estimate; EBITDA $86 million versus $80 million estimate; EPS -$0.1829 versus expected -$0.33 (44.58% positive surprise).
- Strategic moves: Agreement to buy WTVQ for $15.8 million pending regulatory approval; sale of WFTX for $40 million to be used to reduce debt.
The filings and company announcements together sketch a picture of active insider buying coinciding with operational beats and targeted portfolio adjustments in local broadcast assets. The purchases, scheduled RSU vesting, analyst commentary and station-level transactions are all part of the public record disclosed by the company and its filings.