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The E.W. Scripps Company (NASDAQ: SSP) is a diversified media enterprise with significant holdings in local and national media brands. With a portfolio encompassing 33 television stations in 24 markets and 34 radio stations across eight markets, Scripps is one of the largest independent TV station owners in the United States, reaching nearly 20% of U.S. households.
Founded in 1878, the company has stayed true to its longstanding motto, “Give light and the people will find their own way.” Today, Scripps remains committed to delivering quality journalism and valuable information across various platforms including digital media, television, and radio. Its digital offerings include podcast industry leader Midroll Media, over-the-top video news service Newsy, and weather app developer Weathersphere.
Scripps also produces television shows such as The List and The Now, operates an award-winning investigative newsroom in Washington, D.C., and is the long-time steward of the Scripps National Spelling Bee, the nation’s largest and most successful educational program.
Recent achievements include a solid performance in the first quarter of 2024, delivering $561 million in revenue and a strategic focus on debt reduction and financial stability. Despite a challenging 2023, the company saw positive trends in both Local Media and Scripps Networks segments, with significant growth in connected TV revenue. The company also boasts several recent accolades, including winning multiple National Headliner Awards and Peabody Awards for its investigative journalism.
Scripps' diversified brand portfolio includes national news outlets like Scripps News and Court TV, and popular entertainment networks like ION, Bounce, Defy TV, Grit, ION Mystery, and Laff. Notably, Scripps is the nation's largest holder of broadcast spectrum, providing a robust platform for future growth in the media landscape.
In addition to its media operations, Scripps has engaged in strategic partnerships such as airing National Women’s Soccer League matches on ION and receiving significant sponsorship from State Farm. The company is also exploring a sale of its Bounce TV network due to high strategic buyer interest, suggesting potential for further growth and consolidation in its core areas of focus.
Financially, Scripps ended 2023 with $35.3 million in cash and equivalents and a total debt of $3 billion. The company is committed to deleveraging its balance sheet and maximizing the paydown of traditional bank debt, with sufficient liquidity to meet current obligations.
The Scripps Howard Fund and Foundation distributed $9.8 million in charitable gifts during 2024, marking a 10% increase from 2023. The Fund's major allocations included: $2.5 million for community support through 77 fundraising campaigns, $1.6 million for journalism education including awards and internships, and $1.5 million for childhood literacy through the 'If You Give a Child a Book' campaign, which provided 255,000 books to 34,000 children.
The Foundation contributed $4.2 million to advance journalism education, including establishing the Roy Howard Community Journalism Center at the University of Southern Mississippi with a $3 million commitment over three years, and investing over $2 million in the Howard Centers for Investigative Journalism at the University of Maryland and Arizona State University.
Court TV is launching a new seven-part original series titled 'Trial & Error: Why Did O.J. Win?' premiering on Sunday, February 16, 2025, at 8 p.m. ET/PT. The series examines the historic O.J. Simpson double murder trial through Court TV's extensive footage archive, exploring the defense's successes, prosecution's failures, and the legal strategies that led to the controversial verdict.
The series features interviews with key trial participants, including defense attorneys F. Lee Bailey and Alan Dershowitz, LAPD Detective Mark Fuhrman, prosecutor Bill Hodgman, and family members of victims Nicole Brown Simpson and Ron Goldman. Episodes will air weekly from February 16 to March 30, covering topics from the Brentwood murders to jury room deliberations.
Hosted by attorney and Emmy-winning journalist Michael Ayala, with Ted Rowlands as executive producer, both of whom covered the original trial as reporters.
The E.W. Scripps Company (NASDAQ: SSP) has appointed Tony Lamerato as vice president of local media sales, effective Feb. 17, 2025. In his new role, Lamerato will oversee revenue strategy and business development across Scripps' network of over 60 local television stations.
Lamerato, who joined Scripps in 2016, previously served as vice president of sports revenue and sponsorships, where he managed revenue strategies for Scripps Sports' partnerships, including the Big Sky Conference and NHL teams. His experience includes roles as senior director of revenue strategy for Scripps' Local Media division and director of sales for Detroit stations WXYZ and WMYD.
The appointment aims to strengthen Scripps' revenue-generating initiatives across local advertising markets, focusing on sports inventory monetization and supporting local sales teams in fostering community business growth.
The E.W. Scripps Company (NASDAQ: SSP) has announced it will release its fourth-quarter 2024 operating results after market close on February 27, 2025. A conference call with senior management will follow on February 28, 2025, at 9:30 a.m. Eastern time.
The company has implemented a new protocol for earnings call participation. Investors can access the live webcast by registering at the company's investor relations website. For phone access, participants must obtain dial-in information through specific registration links, with separate processes for analysts who plan to ask questions and those who wish to listen only.
An audio replay will be available approximately four hours after the call on the company's investor relations website for extended access.
Court TV has announced a new seven-part series titled 'Trial & Error: Why Did O.J. Win?' premiering February 16, 2024. The series examines the infamous O.J. Simpson double murder trial 30 years after its opening statements, exploring the defense's successes and prosecution's failures that led to the controversial verdict.
The series features interviews with key trial participants, including defense attorneys F. Lee Bailey and Alan Dershowitz, LAPD Detective Mark Fuhrman, prosecutor Bill Hodgman, and family members of victims Nicole Brown Simpson and Ron Goldman. Episodes will air Sunday nights at 8 p.m. ET/PT, covering topics from the Brentwood murders to racial tensions and jury deliberations.
Hosted by attorney and Emmy-winning journalist Michael Ayala, with Ted Rowlands as executive producer, the series utilizes Court TV's extensive archive footage. The show will run alongside Court TV's coverage of current high-profile cases, including the trials of Lori Vallow, Karen Read, and Bryan Kohberger.
National News Literacy Week, scheduled for Feb. 3-7, 2025, aims to address the critical need for teaching students credible information evaluation skills. The sixth annual event is jointly presented by the News Literacy Project, The E.W. Scripps Company, and USA TODAY.
According to a recent News Literacy Project study, 81% of teens who encounter conspiracy theories online tend to believe them, and many struggle to differentiate between sponsored content, opinion journalism, and paid ads. The study also revealed that teens express strong interest in learning media literacy at school, which correlates with better online habits like fact-checking before sharing content.
The initiative brings together three major organizations: the News Literacy Project (a national nonpartisan education nonprofit), Scripps (a diversified media company and major local TV news organization), and USA TODAY (owned by Gannett). Scripps was a co-founder of the event, with Gannett joining as a presenting partner this year.
The E.W. Scripps Company (NASDAQ: SSP) has been awarded two 2025 Alfred I. duPont-Columbia Awards for outstanding journalism. Scripps News won for its investigation into Maine gun laws, while WTVF, Scripps' CBS affiliate in Nashville, was recognized for its coverage of political extremism in Tennessee.
The Scripps News investigation revealed how over two dozen law enforcement officials had information about the Maine mass shooter's threats before 18 people were killed. WTVF's award-winning investigation exposed mayoral candidate Gabrielle Hanson's ties to white supremacists and other controversial matters, producing more than 60 stories.
Additionally, Scripps News was named a finalist for its investigation into Flint's ongoing water crisis, which previously earned them a national news Emmy Award.
Stagwell (NASDAQ: STGW) announced the return and expansion of SPORT BEACH, the premier sports destination at Cannes Lions International Festival of Creativity 2025, as the official LIONS Sport Partner. The event will introduce new 'Clubhouses' throughout 2025 at major industry events including the World Economic Forum in Davos, Super Bowl LIX, and South by Southwest.
The program features five key tracks: Athletes as Creators, Tech & Innovation Unleashed, Culture & Community Reimagined, Global Reach in Overdrive, and Resilience & Wellness Redefined. SPORT BEACH has secured partnerships with notable athletes including Carmelo Anthony, Sue Bird, Tara Davis-Woodhall, DeAndre Hopkins, and others. Brand partners include Ad Results Media, The Athletic, Channel Factory, Chicago Bulls, Clio Sports, Microsoft Advertising, and NBCUniversal as the exclusive Platinum Media Partner.
The E.W. Scripps Company (NASDAQ: SSP) has promoted Lyn Plantinga to senior vice president of local media, effective immediately. She will lead local media operations and oversee Scripps' team of regional vice presidents while continuing her role as general manager for WTVF, Nashville's CBS-affiliated station.
Plantinga, who has over 30 years of experience starting as an intern at WTVF, previously served as regional vice president and general manager, overseeing stations in Nashville, Lexington, Cleveland, Buffalo and Cincinnati. Under her leadership, NewsChannel 5 became Nashville's top-rated station in every local daypart. Notable achievements include distributing 40,000 books to Title One schools, eliminating $1.8 million in medical debt for community members, and implementing storm shelters across 48 Middle Tennessee counties.
EdgeBeam Wireless, a new joint venture formed by four major broadcasting groups (E.W. Scripps, Gray Media, Nexstar Media Group, and Sinclair), aims to provide nationwide wireless data services using ATSC 3.0 technology. The venture will leverage existing broadcast infrastructure to deliver data services across multiple industries.
The company targets three main markets with significant revenue potential: automotive connectivity ($3.7B/year), content delivery networks ($3.65B/year), and enhanced GPS ($220M/year). EdgeBeam will deliver data to any civilian or military device with an ATSC 3.0 receiver, including vehicles, drones, marine vessels, and mobile devices.
The partnership creates a nationwide spectrum footprint that individual broadcasters couldn't achieve alone, with plans to partner with additional broadcasters for expanded coverage. The service could also provide a backup to existing GPS capabilities, helping secure the U.S. economy.
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