JPMorgan Chase Reduces Stake in E.W. Scripps Company

Institutional investor sells off over 70% of its shares in media conglomerate

Apr. 15, 2026 at 9:22am

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A photorealistic studio still life featuring a stack of financial reports, a pen, and a calculator arranged on a clean, monochromatic background, conceptually representing the abstract corporate strategy and finance behind the reduction of JPMorgan Chase's stake in E.W. Scripps.The reduction of JPMorgan Chase's stake in E.W. Scripps raises questions about the media company's financial outlook.Cincinnati Today

JPMorgan Chase & Co. has decreased its position in shares of E.W. Scripps Company (The) (NASDAQ:SSP) by 72.9% during the 3rd quarter, according to a recent SEC filing. The institutional investor now owns 140,628 shares of the company's stock, down from 519,303 shares previously.

Why it matters

This significant reduction in JPMorgan Chase's stake in E.W. Scripps, one of the largest media companies in the U.S., could signal broader concerns about the firm's financial outlook or the broader media industry landscape.

The details

According to the SEC filing, JPMorgan Chase sold 378,675 shares of E.W. Scripps stock in the 3rd quarter, leaving the firm with a 0.16% ownership stake worth $346,000. Several other major institutional investors, including Penn Capital Management Company LLC, New York State Common Retirement Fund, and Geode Capital Management LLC, also increased or decreased their positions in E.W. Scripps during the same period.

  • JPMorgan Chase reduced its E.W. Scripps stake in the 3rd quarter of 2026.
  • The filing was submitted to the SEC on April 15, 2026.

The players

JPMorgan Chase & Co.

A major American multinational investment bank and financial services company.

E.W. Scripps Company (The)

A diversified U.S. media organization headquartered in Cincinnati, Ohio, operating over 60 television stations across the country.

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The takeaway

This move by JPMorgan Chase suggests potential concerns about the future performance and direction of E.W. Scripps, one of the largest independent media companies in the U.S. It remains to be seen how other major investors will respond and whether this signals broader challenges facing the traditional media industry.