Scripps Posts Strong End to 2017; Advertising Remains Main Revenue Driver
Scripps ended 2017 on a strong note as both revenue and EBITDA for the fourth quarter beat consensus expectations. The company appears to be hitting on all cylinders despite the ongoing distraction of the pending merger with Discovery. Strong distribution and advertising growth drove revenue growth of 8% in the quarter. We are maintaining our narrow economic moat rating and our fair value estimate of $87, which is based on the deal with Discovery and our fair value estimate of $31 for DISCK shar...
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
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