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E. W. Scripps Shares Rocket Higher Following JPMorgan Upgrade

By Mike Taylor on April 28, 2010 4:00 PM

More good news from the newspaper publishing space today: Shares in E. W. Scripps, publisher of newspapers across the country, were rising more than 10% today following an upgrade by analysts at J. P. Morgan.

Citing yesterday’s sale of “Peanuts” comic licenser United Media, J. P. Morgan said the company may soon be able to pay dividends to shareholders and upgraded its rating on the stock to overweight from neutral.

Shares were recently up 10.3% at $11.58 in midafternoon trading.

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