Cove Street Capital Trims Stake in E.W. Scripps Company

Institutional investor reduces position in media company by over 40%

Mar. 14, 2026 at 8:10am

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Cove Street Capital LLC, an institutional investor, has reduced its stake in E.W. Scripps Company (NASDAQ:SSP) by 43.6% during the third quarter, according to a filing with the Securities and Exchange Commission. The firm now owns 356,437 shares of the media company's stock, down from 631,682 shares previously.

Why it matters

This transaction reflects Cove Street Capital's shifting investment strategy for E.W. Scripps, a diversified media company with television stations, cable networks, and digital platforms. The reduced stake could signal the investor's changing outlook on the company's performance or future prospects.

The details

According to the SEC filing, Cove Street Capital sold 275,245 shares of E.W. Scripps, reducing its position by 43.6%. The firm now owns approximately 0.40% of the company's outstanding shares, valued at around $877,000 as of the most recent filing.

  • Cove Street Capital made the share sale during the third quarter of the year.

The players

Cove Street Capital LLC

An institutional investment firm that previously held a sizable stake in E.W. Scripps Company.

E.W. Scripps Company (The)

A diversified U.S. media organization headquartered in Cincinnati, Ohio, operating television stations, cable networks, and digital platforms.

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The takeaway

This transaction highlights the shifting investment landscape for media companies like E.W. Scripps, as institutional investors reevaluate their positions amid evolving industry dynamics and market conditions.