Welcome to our dedicated page for Scripps E W Co Ohio news (Ticker: SSP), a resource for investors and traders seeking the latest updates and insights on Scripps E W Co Ohio stock.
Overview
The E.W. Scripps Company (SSP) is a diversified media enterprise with a rich heritage dating back to 1878. Known for its commitment to objective local journalism and innovative digital storytelling, Scripps serves communities across the United States with a powerful blend of television, radio, and digital media assets. With a core focus on quality content and extensive local market penetration, the company provides trusted news and information that enable citizens to stay informed through both traditional and modern platforms.
Business Segments and Revenue Streams
Scripps operates through several key segments:
- Local Media: This segment comprises a broad network of local television stations and digital operations. These stations are affiliated with major networks including ABC, NBC, CBS, and FOX, enabling dynamic local advertising opportunities, retransmission fees and political advertising revenues. The wide reach in minute local markets is instrumental in delivering community news and real-time information.
- Scripps Networks: Under this umbrella, the company manages national news outlets and entertainment channels such as Scripps News, Court TV, ION, Bounce, and others. These networks maximize revenue primarily through advertising while maintaining a broad distribution that touches nearly every U.S. household.
- Digital and Sports Platforms: Recognizing the digital transformation, Scripps has expanded its scope into digital journalism and multimedia content. This includes owning innovative platforms in podcasting, over-the-top (OTT) video services, and dedicated sports broadcasting via Scripps Sports. Strategic partnerships with major sports leagues and teams have further diversified its content offerings and audience engagement on platforms such as ION and mobile streaming applications.
Content, Innovation, and Investigative Journalism
Scripps is not only a major broadcaster but also a content innovator. It underpins an award-winning investigative newsroom in Washington, D.C., known for its incisive reporting and its commitment to uncovering critical public interest stories. The company's production of educational and entertaining content, including long-standing institutions like the Scripps National Spelling Bee, showcases its versatility and deep-rooted trust within the media landscape.
Market Position and Industry Impact
As one of America’s largest independent TV station owners and the nation’s most extensive holder of broadcast spectrum, Scripps has a significant market presence. It operates in a competitive environment that demands high standards in local journalism, digital innovation, and sports broadcasting. Its ability to adapt to technological changes and shifts in content consumption underlines its resilience. By integrating traditional broadcast strengths with emerging digital trends, Scripps continues to set benchmarks in quality journalism and diversified media content.
Commitment to Excellence and Trustworthiness
Reflecting its long-time motto, "Give light and the people will find their own way," Scripps emphasizes credibility and authority in its operations. The company maintains rigorous journalistic standards and focuses on providing well-researched, fact-based reporting—a principle that has built a loyal audience and solidified its reputation among media professionals and investors alike.
Strategic Partnerships and Future-Proof Operations
Scripps has established multiple strategic partnerships to expand its reach and enhance its content offerings. Through collaborations with major sports leagues, digital partners, and content distribution platforms, Scripps has effectively diversified its audience base and revenue sources without compromising its commitment to quality journalism. These initiatives ensure that the company remains a pivotal player in both local and national media ecosystems.
Scripps News, owned by The E.W. Scripps Company (NASDAQ: SSP), has been awarded a prestigious Gracie Award for its 2024 investigation 'Fentanyl: The Silent Toll.' The investigation, led by correspondent Lori Jane Gliha and producer Brittany Freeman, won in the 'national news: hard news feature' category.
The investigative series, which began in 2023, analyzed over 400 cases of fentanyl impacts on children and was also nominated for a 2024 national news Emmy Award. Additionally, Scripps News received honorable mentions for 'Ukraine's Women Warriors' and 'Maine Shooting: Missed Warnings' investigations.
The news outlet's content is available across major streaming platforms, through the Scripps News app, and online at ScrippsNews.com.
The Las Vegas Aces and Scripps Sports have announced a multiyear broadcast partnership making Vegas 34 the official broadcast home of the back-to-back WNBA champion team. The agreement will see Scripps Sports televising all non-nationally exclusive Aces games on Vegas 34, with distribution across cable, satellite, and over-the-air television.
The partnership includes the production of 'In the Paint,' a weekly 30-minute show featuring highlights, interviews, and behind-the-scenes access to the 2025 Las Vegas Aces. Scripps, which also owns KTNV-TV Channel 13 (ABC affiliate) in Las Vegas, will utilize this platform to market Aces telecasts.
The regular season is scheduled to begin on Friday, May 16, with the complete local television schedule pending the announcement of the full WNBA national broadcast schedule.
E.W. Scripps (NASDAQ: SSP) reported Q4 2024 revenue of $728 million, up 18% year-over-year, with net income of $80.3 million or $0.92 per share. The quarter was marked by record political advertising revenue, with $174 million in Q4 alone.
Key highlights include:
- Net leverage reduced to 4.8x from 5.7x year-end 2023
- Local Media revenue up 34% to $511 million, though core advertising decreased 11% due to political displacement
- Scripps Networks revenue declined 6.1% to $216 million
- Completed sale of San Diego transmission towers for $20 million
- Executed debt refinancing agreement with majority of 2026 and 2028 term loan holders
The company paid off its $330 million revolving credit facility during 2024 and aims to improve Networks division margins by 400-600 basis points this year.
E.W. Scripps (NASDAQ: SSP) has announced significant refinancing transactions to restructure its debt obligations. The company has secured agreements with lenders representing over 70% of its outstanding term loans due in 2026 and 2028. The refinancing package includes:
- Repayment or extension of up to $1.3 billion of existing term loans
- A new $450 million accounts receivable securitization facility
- A new $208 million revolving credit facility due July 2027
The transactions will result in no existing B-2 term loans remaining outstanding, with existing B-3 term loans being subordinated to new loans. The company expects to complete these transactions by April 2025, aiming to strengthen its balance sheet and support strategic initiatives.
Scripps Sports has announced its 2025 season coverage plans for the National Women's Soccer League (NWSL) on ION, following a successful inaugural season that reached over 20 million unique viewers. The network has appointed Seb Salazar and Kylen Mills as new studio co-hosts for their weekly shows.
The 2025 season, starting March 15, will feature 50 matches across 25 weeks of Saturday night doubleheaders. ION's coverage is available in 123 million homes through pay TV, connected TV, and free ad-supported streaming platforms. The first season's highlights included reaching 13.5 million viewers unique to ION, with matches averaging 145,000 viewers and peaking at 234,000 for the Orlando-Kansas City match.
The broadcast team includes JP Dellacamera and Jill Loyden for the first match, with Maura Sheridan and Jordan Angeli covering the second match. The network delivered the largest female percentage audience (57% of P25-54, 55% of P2+) among all networks.
E.W. Scripps (NASDAQ: SSP) has rescheduled its fourth-quarter 2024 earnings release to March 11, 2024, after market close, with the earnings call now set for March 12 at 9 a.m. Eastern time. The delay from the original February dates is due to ongoing negotiations for refinancing transactions related to the company's term loan and revolving credit facility with existing lenders and potential new debt capital providers.
The company plans to provide updates on the refinancing transaction and negotiation results during the rescheduled conference call. Participants must pre-register through the company's investor relations website to access the live webcast or receive dial-in information.
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.
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