E. W. Scripps

The E.W. Scripps Co. engages in the television and newspaper publishing. It operates through the following business segments: Local Media, National Media, and Other. The Local Media segment comprises local broadcast television stations and their related digital operations. The National Media segment consists of national media businesses including over-the-air broadcast networks, Katz, podcast business, Midroll, next generation national news network, Newsy, and other national brands. The company was founded by Edward Willis Scripps in 1878 and is headquartered in Cincinnati, OH.

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E.W. Scripps reports strong Q4 earnings amidst ad market challenges

E.W. Scripps Company delivered a robust performance in Q4 2022, driven by strong revenue growth and profit margins, despite challenges in national advertising and upcoming revenue declines.
The company's strategic focus on live sports, news content, and cost-saving reorganization positions it well for future growth and negotiations in the evolving media landscape.
Analysts' inquiries into cost savings breakdown, advertising trends, and distribution strategies reflect a mix of challenges and opportunities that Scripps is navigating to drive shareholder value and revenue growth.

E.W. Scripps reports resilient Q1 results amidst economic challenges

E.W. Scripps focuses on financial discipline, strategic growth, and creating a more efficient business despite economic challenges. Strong performance in certain advertising categories and partnerships with sports teams for full distribution and monetization. Revised guidance for 2023 and expectations of significant opportunities in ATSC 3.0 transition.

Scripps reports strong Q2 results, eyes growth amidst industry challenges

Scripps demonstrated resilience in Q2 amidst industry challenges, focusing on debt reduction and cost savings while strategically positioning for long-term value creation.
Despite revenue declines in Q2, the company's strong performance in segment profits and adaptability to market dynamics showcase its strategic agility.
Opportunities in the auto industry, connected TV platforms, and potential benefits from the Hollywood strike position Scripps for future growth and cost efficiencies.

E.W. Scripps Q3 Earnings Beat Expectations, Eyes Growth Opportunities

E.W. Scripps Company's Q3 performance was strong, driven by local ad sales and Connected TV revenue growth. Despite challenges in advertising and TV station costs, Scripps is focused on leveraging opportunities in sports rights deals, political ad revenue, and debt reduction.

E.W. Scripps beats Q4 expectations, eyes growth amidst challenges

E.W. Scripps showcased strong performance in Q4 2023, exceeding free cash flow expectations and driving revenue growth in key segments.
While facing challenges such as projected losses and shareholder-attributed losses, the company remains focused on cost savings and debt reduction.
Opportunities lie in leveraging advertising momentum, growth in Connected TV revenue, and strategic financial maneuvers to navigate the evolving media landscape.

E.W. Scripps achieves record political revenue amidst market challenges

E.W. Scripps reported strong performance in political advertising revenue and local media division, while facing challenges in the Networks division and auto advertising.
The company's strategic strengths lie in leveraging live sports partnerships, debt reduction plans, and promoting over-the-air TV for revenue growth.
Opportunities exist in optimizing resource allocation, capitalizing on over-the-air TV growth, focusing on local dealers, and maintaining confidence in political revenue outlook.
Scripps needs to address challenges in the Networks division, CTV dynamics, and auto advertising decline while capitalizing on growth opportunities for sustained performance.

E. W. Scripps (SSP) reports record political ad revenue and aggressive debt reduction strategy

E. W. Scripps (SSP) delivered a strong performance in Q3 2024, driven by record political ad revenue and successful debt reduction efforts. While facing challenges in certain divisions, the company is strategically focused on margin expansion and operational efficiencies. Scripps is well-positioned to capitalize on opportunities for further financial improvement.

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The E.W. Scripps Co. engages in television and newspaper publishing. It operates through the following business segments: Local Media, Scripps Networks, and Other. The Local Media segment consists of local broadcast television stations and their related digital operations. The Scripps Networks segment consists of national television networks. The company was founded in 1878 and is headquartered in Cincinnati, OH.

CINCINNATI, Jan. 11, 2021 /PRNewswire/ -- The E.W. Scripps Company (NASDAQ: SSP) has appointed television industry veteran Tom Zappala as head of programming for its national television networks business, effective Jan. 25. In this new role, Zappala will be responsible for developing and...

Scripps appoints Tom Zappala as head of programming for national networks business

CINCINNATI and GREENWICH, Conn., Jan. 7, 2021 /PRNewswire/ -- The E.W. Scripps Company (NASDAQ: SSP) and Black Diamond Capital Management LLC have closed Scripps' acquisition of ION Media Networks Inc. Scripps is combining ION with the Katz networks and Newsy to create a full-scale...

Scripps completes acquisition of ION Media from Black Diamond, creating new national networks business

CINCINNATI, Jan. 6, 2021 /PRNewswire/ -- The E.W. Scripps Company (NASDAQ: SSP) has appointed three media industry veterans from ION, Katz and Newsy to roles supporting distribution of its new national networks business. The three leaders will report to Jeffrey Wolf, who Scripps recently...

Scripps announces promotions for national networks distribution leadership team

CINCINNATI, Dec. 30, 2020 /PRNewswire/ -- The E.W. Scripps Company (NASDAQ: SSP) closed today on the sale of WPIX to Mission Broadcasting Inc. Scripps purchased WPIX as part of its acquisition of eight television stations in seven markets from Nexstar. Those stations were being divested...

Scripps completes sale of WPIX

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5 Safe Growth Bets as We Enter 2021

CINCINNATI, Dec. 18, 2020 /PRNewswire/ -- The E.W. Scripps Company (NASDAQ: SSP) has appointed Jason Combs, Scripps' vice president of financial planning and analysis, as its next chief financial officer, after a nationwide search. The appointment will be effective upon the close of...

Scripps appoints Combs to be CFO when ION acquisition is complete

CINCINNATI, Dec. 17, 2020 /PRNewswire/ -- The E.W. Scripps Company (NASDAQ: SSP) has appointed television industry veteran Jonathan Katz as chief operating officer and head of entertainment for its new national television networks business. Katz will report to Lisa Knutson, who Scripps...

Scripps promotes Jonathan Katz to chief operating officer for new national TV networks

CINCINNATI, Dec. 15, 2020 /PRNewswire/ -- The E.W. Scripps Company's (NASDAQ: SSP) wholly-owned subsidiary, Scripps Escrow II, Inc., has priced an offering of $550 million aggregate principal amount of new 3.875% senior secured notes and $500 million aggregate principal amount of new...

Scripps prices senior notes offering

CINCINNATI, Dec. 14, 2020 /PRNewswire/ -- The E.W. Scripps Company's (NASDAQ: SSP) wholly-owned subsidiary, Scripps Escrow II, Inc. has launched an offering of $700 million of new senior secured notes and $500 million of new senior unsecured notes. The secured notes are expected to mature...

Scripps announces proposed placement of senior notes

Warren Buffett's Berkshire Hathaway helped finance Scripps' $2.7 billion takeover of ION Media because it expects significant upside from the merger, Scripps CEO Adam Symson said at a virtual UBS conference on Tuesday. "Think about why Berkshire is into this investment, it's because they see the same thing we do," the media group's boss said, according to a transcript on Sentieo, a financial-research site. "Tremendous opportunity bringing these businesses together."

Warren Buffett's Berkshire Hathaway sees major upside from Scripps' $2.7 billion takeover of ION Media, CEO says

CINCINNATI, Nov. 17, 2020 /PRNewswire/ -- The E.W. Scripps Company (NASDAQ: SSP) has promoted Brian Joyce to vice president and general manager of KPAX, its CBS affiliate in Missoula, Montana. His role is effective Dec. 14, 2020. Joyce has over 20 years of news and sales experience,...

Scripps promotes Brian Joyce to VP and GM of KPAX in Missoula, Montana

CINCINNATI, Nov. 16, 2020 /PRNewswire/ -- The E.W. Scripps Company (NASDAQ: SSP) has promoted two of its finance leaders, effective immediately. Dan Perschke, 41, assistant controller, has been appointed vice president, controller. In this role, Perschke will be responsible for the...

Scripps promotes finance leaders Perschke and Riegelsberger

CINCINNATI, Nov. 12, 2020 /PRNewswire/ -- The E.W. Scripps Company (NASDAQ: SSP) has promoted Merri Hanson to vice president and general manager of KIVI, its ABC affiliate in Boise, Idaho. Her role is effective Jan. 1, 2021. Hanson has over 25 years of sales and broadcast experience and...

Scripps taps Merri Hanson as VP and GM of KIVI in Boise, Idaho

The E.W. Scripps Company (SSP) CEO Adam Symson on Q3 2020 Results - Earnings Call Transcript

E.W. Scripps (SSP) delivered earnings and revenue surprises of 26.67% and 7.49%, respectively, for the quarter ended September 2020. Do the numbers hold clues to what lies ahead for the stock?

E.W. Scripps (SSP) Surpasses Q3 Earnings and Revenue Estimates

The E.W. Scripps Company's (SSP) CEO Adam Symson On Q3 2020 Results - Quick Version Earnings Call Transcript

  Shares of E W Scripps (NASDAQ:SSP) rose 3.6% in pre-market trading after the company reported Q3 results.

Recap: E W Scripps Q3 Earnings

Shares of E.W. Scripps Co. rallied 3.6% in premarket trading Friday, after the TV broadcaster swung to a net profit and reported revenue that rose above expectations, boosted by record political advertising revenue.

E.W. Scripps swings to a profit, revenue rises above expectations amid record political ad sales

CINCINNATI, Nov. 4, 2020 /PRNewswire/ -- The board of directors of The E.W. Scripps Company (NASDAQ: SSP) has declared a cash dividend for the fourth quarter of 2020. Scripps shareholders of record as of Dec. 15, 2020, will receive 5 cents per share, payable on Dec. 24, 2020. The dividend...

Scripps declares fourth-quarter 2020 dividend

E.W. Scripps (SSP) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

E.W. Scripps (SSP) Earnings Expected to Grow: Should You Buy?

PHOENIX--(BUSINESS WIRE)--Broadcasters participating in the Phoenix Model Market launch of next-generation TV service today announced the addition of a Single Frequency Network in Arizona's largest media market, a move that will give enhance reception for viewers and broaden the reach of broadcasters transmitting to NEXTGEN TV sets. KASW, a CW affiliate owned by The E.W. Scripps Company (NASDAQ: SSP), has put into service one of the first Single Frequency Network (SFN) installations, with the a

Phoenix Model Market Expands ATSC 3.0 Service to Include Single Frequency Network for Improved Reception

CINCINNATI, Oct. 19, 2020 /PRNewswire/ -- The E.W. Scripps Company (NASDAQ: SSP) closed today on its sale of Stitcher to SiriusXM for $325 million. The sale price includes $265 million of cash upfront, with an earnout of up to $30 million based on 2020 financial results and paid in 2021...

Scripps completes sale of Stitcher to SiriusXM

CINCINNATI, Oct. 15, 2020 /PRNewswire/ -- The E.W. Scripps Company (NASDAQ: SSP) has announced new roles for two of its senior leaders, contingent on the closing of its acquisition of ION Media. Executive Vice President, Chief Financial Officer Lisa Knutson will lead the new Scripps...

Scripps taps Knutson, Tomlin for new leadership roles

CINCINNATI, Oct. 13, 2020 /PRNewswire/ -- The E.W. Scripps Company (NASDAQ: SSP) will report third-quarter 2020 operating results before Nasdaq trading begins on Friday, Nov. 6. The third-quarter earnings conference call with the company's senior management team will take place Friday,...

Scripps to report third-quarter 2020 operating results on Nov. 6

CINCINNATI, Oct. 11, 2020 /PRNewswire/ -- For their deeply reported storytelling and impactful journalism, six stations owned by The E.W. Scripps Company (NASDAQ: SSP) have earned prestigious 2020 National Edward R. Murrow Awards. The Radio Television Digital News Association (RTDNA)...

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