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E.W. Scripps Co (SSP): GAMCO Investors Reports 12.53% Stake

According to a newly-amended 13D filing with the US SEC, Mario Gabelli‘s GAMCO Investors and its affiliates collectively own a total of 9.02 million Class A Common shares of E.W. Scripps Company (NYSE:SSP), which represents 12.53% of the company’s outstanding stock. Out of the aggregate amount, GAMCO Investors solely own 6.28 million shares of the company, which is slightly more compared to 5.82 million shares  it held at the end of December, as revealed in its last 13F filing.

E.W. Scripps Company (NYSE:SSP) owns and operates 33 TV stations and 34 radio stations and owns several digital media brands and the company’s shares have dropped by 33% over the last 12 months. The company is working on expanding its portfolio, as they have recently bought the humor website Cracked.com from Demand Media for $39 million. E.W. Scripps said that the website was profitable last year, and it plans to extend its video offering by making its content available on other devices such as Apple TV and Amazon Fire TV.

Among the hedge funds tracked by Insider Monkey, nine investors reported long positions in E.W. Scripps Company (NYSE:SSP) as of the end of 2015. Aside from GAMCO, other investors that held valuable positions in E.W. Scripps Company included Marc Lisker, Glenn Fuhrman and John Phelan’s MSDC Management, Ken Grossman and Glen Schneider’s SG Capital Management and Howard Guberman’s Gruss Asset Management.

On the other hand, Jim Simons’s Renaissance Technologies dumped the largest position comprising close to $2.4 million in stock during the fourth quarter, and Paul Tudor Jones’s Tudor Investment Corp also unloaded its stake, worth around $400,000

You can access the original SEC filing by clicking here.

Ownership Summary Table

Name Sole Voting Power Shared Voting Power Sole Dispositive Power Shared Dispositive Power Aggregate Amount Owned Power Percent of Class
Gabelli Funds 1,766,071 1,766,071 1,766,071 2.45%
GAMCO Asset Management Inc. I.D. No. 13-40445 6,014,038 6,284,292 6,284,292 8.73%
Gabelli Securities, Inc. I.D. No. 13-3379374 12,000 12,000 12,000 0.02%
Gabelli Foundation, Inc. I.D. No. 94 21,100 21,100 21,100 0.03%
Teton Advisors, Inc. I.D. No. 13-4008049 908,124 908,124 908,124 1.26%
MJG Associates, Inc. I.D. No. 06-1304 4,000 4,000 4,000 0.01%
GGCP, Inc. I.D. No. 13-3056041 0.00%
GAMCO Investors, Inc. I.D. No. 13-400786 160 160 160 0.00%
Associated Capital Group, Inc. I.D. No. 47-3965991 Check the appropriate box if a member of a group (SEE INSTRUCTIONS) (a) (b) 1,552 1,552 1,552 0.00%
Mario J. Gabelli 22,500 22,500 22,500 0.03%

Mario Gabelli
Mario Gabelli
GAMCO Investors

Page 1 of 19 – SEC Filing

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934 (Amendment No. 5)
The E.W. Scripps Company
(Name of Issuer)
Class A Common shares, $.01 par value per share
(Title of Class of Securities)
                                                                                                       ________811054402_________
(CUSIP Number)
David Goldman
GAMCO Investors, Inc.
One Corporate Center
Rye, New York 10580-1435
(914) 921-5000
(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)
______________________ April 13, 2016________________________
(Date of Event which Requires Filing of this Statement)
If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§ 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box .

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