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.

The media company is scooping up ION Media and getting financial backing from Berkshire Hathaway.

Why E.W. Scripps Stock Skyrocketed Today

It’s not always the case that a company sees its shares rise after announcing that it is making an acquisition and using leverage to fund it.

Warren Buffett Backs His Way Into Scripps and ION TV Merger

Juicy true-crime stories are hot right now, and Warren Buffett wants in.

Buffett's Berkshire backs Scripps deal to buy ION for $2.7 billion

Local TV station owner E.W. Scripps said it will pay $2.65 billion to acquire national broadcast network ION Media, with Warren Buffett’s Berkshire Hathaway putting $600 million into the deal.

E.W. Scripps Buys ION Media For $2.65B, With Berkshire Hathaway Investment

Shares of E.W. Scripps Co. rocketed 43% toward an 8-month high in premarket trading Thursday, after the TV station owner confirmed a deal to buy the broadcast network ION Media for $2.65 billion, in a deal backed by Warren Buffett.

Scripps' stock rockets after $2.65 billion ION Media deal is backed by Warren Buffett

CINCINNATI, Sept. 24, 2020 /PRNewswire/ -- The E.W. Scripps Company (NASDAQ: SSP) will buy national broadcast network ION Media for $2.65 billion, combining the business with Scripps' Katz networks and Newsy to create a full-scale national television networks business. ION reaches more...

Scripps creates national television networks business with acquisition of ION Media

CINCINNATI, Sept. 22, 2020 /PRNewswire/ -- KNXV in Phoenix, an ABC affiliate owned by The E.W. Scripps Company (NASDAQ: SSP), was honored with a National Emmy Award during The National Academy of Television Arts & Sciences virtual ceremony last night. The 41st Annual News & Documentary...

Scripps' KNXV in Phoenix wins National Emmy Award for 'Abuse of Force' investigation

CINCINNATI, Sept. 8, 2020 /PRNewswire/ -- The E.W.

Scripps finalizes third major retransmission contract of 2020 with Dish Network renewal

CINCINNATI, Aug. 31, 2020 /PRNewswire/ -- As families across the country enter a back-to-school season unlike any before, employees of The E.W.

Scripps launches national fundraising campaign to give books to kids in need

The E.W. Scripps Company (SSP) CEO Adam Symson on Q2 2020 Results - Earnings Call Transcript

CINCINNATI, Aug. 7, 2020 /PRNewswire/ -- The board of directors of The E.W.

Scripps declares third-quarter 2020 dividend

Shares of E W Scripps (NASDAQ:SSP) were unchanged after the company reported Q2 results.

Recap: E W Scripps Q2 Earnings

E W Scripps (NASDAQ: SSP) unveils its next round of earnings this Friday, August 07.

Preview: E W Scripps's Earnings

CINCINNATI, Ohio, July 25, 2020 /PRNewswire/ -- The local television stations in 42 markets owned by The E.W. Scripps Company (NASDAQ:SSP) are no longer accessible for DISH subscribers as Scripps attempts to reach a new contract agreement with DISH that includes fair and reasonable terms.

Scripps' local stations are now unavailable to DISH Network customers

CINCINNATI, July 23, 2020 /PRNewswire/ -- The E.W. Scripps Company (NASDAQ: SSP) has appointed Sean Trcalek as vice president and general manager of KATC, its ABC affiliate in Lafayette, Louisiana.

Scripps appoints Sean Trcalek as VP and GM of KATC in Lafayette, Louisiana

As of late, it has definitely been a great time to be an investor in The E.W. Scripps Company (SSP).

The E.W. Scripps Company (SSP) Shares March Higher, Can It Continue?

CINCINNATI, July 15, 2020 /PRNewswire/ -- The E.W. Scripps Company (NASDAQ: SSP) will report second-quarter 2020 operating results before Nasdaq trading begins on Friday, Aug. 7. The second-quarter earnings conference call with the company's senior management team will take place Friday,...

Scripps to report second-quarter 2020 operating results on Aug. 7

Sirius XM Holdings Inc

The podcast business is consolidating. And battle lines are being drawn.

Spotify Bought Joe Rogan For $100 Million. Now SiriusXM Bought Stitcher For $325 Million

NEW YORK, July 13, 2020 /PRNewswire/ -- SiriusXM, the leading audio entertainment company in the U.S., announced today that it has entered an agreement with The E.W. Scripps Company (NASDAQ: SSP) to acquire Stitcher, a pioneer in podcast production, distribution, and ad sales. The...

SiriusXM to Acquire Stitcher

CINCINNATI, July 13, 2020 /PRNewswire/ -- The E.W. Scripps Company (NASDAQ: SSP) has entered into an agreement with SiriusXM to sell podcast industry leader Stitcher for $325 million, a return of more than double Scripps' investment in podcasting over the last five years. The Stitcher...

Scripps agrees to sell podcasting business to SiriusXM for $325 million

CINCINNATI, July 2, 2020 /PRNewswire/ -- The Society of Professional Journalists has selected two investigative pieces from local TV stations owned by The E.W. Scripps Company (NASDAQ: SSP) as 2019 recipients of Sigma Delta Chi Awards, which recognize outstanding work published or...

Scripps stations earn excellence in journalism awards from Society of Professional Journalists

CINCINNATI, June 22, 2020 /PRNewswire/ -- The E.W. Scripps Company (NASDAQ: SSP) has appointed Ramon Pineda to lead its operations in Corpus Christi, Texas, where he will serve as vice president and general manager of Scripps' NBC affiliate, KRIS, its CW station and its independent...

Scripps appoints Ramon J. Pineda to lead TV stations in Corpus Christi, Texas

CINCINNATI, June 4, 2020 /PRNewswire/ -- Newsy, the national cable and OTT news network owned by The E.W. Scripps Company (NASDAQ: SSP), is the recipient of a Robert F. Kennedy Journalism Award for "A Broken Trust," its investigation into the lack of justice for survivors of sexual...

Newsy wins prestigious Robert F. Kennedy Award for 'A Broken Trust' investigation

CINCINNATI, June 2, 2020 /PRNewswire/ -- The E.W. Scripps Company (NASDAQ: SSP) has appointed Tregg White to the role of vice president and general manager for KGUN and KWBA, Scripps' ABC and CW affiliates in Tucson, Arizona. His role is effective June 29. White has over 20 years of...

Scripps appoints Tregg White VP and GM of KGUN and KWBA in Tucson, Arizona

CINCINNATI, May 27, 2020 /PRNewswire/ -- Adam Symson, president and CEO of The E.W. Scripps Company (NASDAQ: SSP), will make a presentation on the company's recent financial performance and business strategies at the Baird 2020 Virtual Global Consumer, Technology & Services Conference on...

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