McGraw-Hill (NYSE:MHP) has announced it has sold its former broadcasting group and nine television stations to E.W. Scripps (NYSE:SSP) for $212 million.

The sale includes ABC (NYSE:DIS) affiliates in Denver, Colorado (KMGH-TV); San Diego, California (KGTV); Bakersfield, California (KERO-TV) and Indianapolis, Indiana (WRTV) and Azteca America affiliates in Denver, Fort Collins, Colorado Springs, San Diego and Bakersfield.

Here’s how McGraw Hill’s shares are reacting to the news along with some of its competitors in the broadcasting and tv space:

The McGraw-Hill Companies, Inc. (NYSE:MHP): MHP shares recently traded at $45.04, down $0.31, or 0.68%. They have traded in a 52-week range of $34.95 to $46.99. Volume today was 538,646 shares versus a 3-month average volume of 1,995,140 shares. The company’s trailing P/E is 16.33, while trailing earnings are $2.76 per share.

The E. W. Scripps Company (NYSE:SSP): SSP shares recently traded at $8.09, down $0.07, or 0.86%. They have traded in a 52-week range of $6.36 to $10.56. Volume today was 26,640 shares versus a 3-month average volume of 256,525 shares. The company’s trailing P/E is 385.24, while trailing earnings are $0.02 per share.

CBS Corporation (NYSE:CBS): CBS shares recently traded at $27.33, up $0.09, or 0.33%. They have traded in a 52-week range of $17.99 to $29.68. Volume today was 2,390,087 shares versus a 3-month average volume of 8,256,170 shares. The company’s trailing P/E is 15.55, while trailing earnings are $1.76 per share.

Walt Disney Co. (NYSE:DIS): DIS shares recently traded at $37.50, down $0.21, or 0.56%. They have traded in a 52-week range of $28.19 to $44.34. Volume today was 2,437,210 shares versus a 3-month average volume of 11,777,200 shares. The company’s trailing P/E is 14.88, while trailing earnings are $2.52 per share.

Comcast Corporation (NASDAQ:CMCSA): CMCSA shares recently traded at $23.71, down $0.01, or 0.04%. They have traded in a 52-week range of $19.19 to $27.16. Volume today was 2,160,067 shares versus a 3-month average volume of 18,289,200 shares. The company’s trailing P/E is 17.06, while trailing earnings are $1.39 per share.

Cumulus Media Inc. (NASDAQ:CMLS): CMLS shares recently traded at $3.31, up $0.01, or 0.3%. They have traded in a 52-week range of $2.18 to $5.78. Volume today was 68,835 shares versus a 3-month average volume of 609,202 shares. The company’s trailing P/E is 2.30, while trailing earnings are $1.44 per share.

SIRIUS XM Radio Inc. (NASDAQ:SIRI): SIRI shares recently traded at $1.81, down $0.01, or 0.55%. They have traded in a 52-week range of $1.27 to $2.44. Volume today was 8,083,232 shares versus a 3-month average volume of 56,667,700 shares. The company’s trailing P/E is 45.25, while trailing earnings are $0.04 per share.

To contact the reporter on this story: Gina Smith at staff.writers@wallstcheatsheet.com

To contact the editor responsible for this story: Damien Hoffman at editors@wallstcheatsheet.com

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