3 unchanged sentences
In November 2016, our Board of Directors authorized a repurchase program of up to $100 million of our Class A Common shares.
−Removed: This authorization expires on March 1, 2020.
+Added: We repurchased a total of $50.3 million of shares under this authorization prior to its expiration on March 1, 2020.
+Added: In February 2020, our Board of Directors authorized a new share repurchase program of up to $100 million of our Class A Common shares through March 1, 2022.
Shares can be repurchased under the authorization via open market purchases or privately negotiated transactions, including accelerated stock repurchase transactions, block trades, or pursuant to trades intending to comply with Rule 10b5-1 of the Securities Exchange Act of 1934.
−Removed: At December 31, 2019 , $49.7 million was outstanding under this authorization.
No shares were repurchased under this program during the fourth quarter of 2020.
−Removed: In February 2020, our Board of Directors authorized a new share repurchase program of up to $100 million of our Class A Common shares through March 1, 2022.
Performance Graph — Set forth below is a line graph comparing the cumulative return on the Company’s Class A Common shares, assuming an initial investment of $100 as of December 31, 2015, and based on the market prices at the end of each year and assuming dividend reinvestment, with the cumulative return of the Standard & Poor’s Composite-500 Stock Index and an Index based on a peer group of media companies.
−Removed: The spin-off of our newspaper business at April 1, 2015 is treated as a reinvestment of a special dividend pursuant to SEC rules.
We regularly evaluate and revise our Peer Group Index as necessary so that it is reflective of our Company’s portfolio of businesses.
1 unchanged sentence
The Peer Group Index is weighted based on market capitalization.
−Removed: Prior to 2019, our peer group included Tribune Media, which was acquired by Nexstar Media Group on September 19, 2019.
+Added: 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020
Scripps Company $ 100.00 $ 101.74 $ 82.26 $ 83.90 $ 84.85 $ 84.14
15 unchanged sentences
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.