Scripps Stock Jumps: WFTX Sale Boosts Shares

Scripps' stock jumps as it sells its Fort Myers Fox station, WFTX, to Sun Broadcasting for $40 million to reduce debt and refocus its broadcast portfolio. Despite the 4% surge, driven by investor optimism, the stock remains volatile, reflecting broader market anxieties and a history of underperformance, with long-term growth still a challenge. Hosted on Acast. See acast.com/privacy for more information.