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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.
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.
The E.W. Scripps Company (NASDAQ: SSP) has secured a new multi-year affiliation agreement with NBC, effective January 1, 2025, covering all 11 of its NBC television stations across various markets. The agreement includes stations in key locations such as Green Bay, Milwaukee, Corpus Christi, and West Palm Beach.
The renewal emphasizes the strength of the network-affiliate model and highlights the importance of local stations in providing trusted news reporting, emergency weather alerts, and community coverage. This follows Scripps' successful affiliation agreement renewal with CBS last fall, which included WTVF in Nashville and CBS-affiliated markets in Montana.
NBCUniversal highlighted upcoming programming like the NBA as part of their continued partnership with Scripps, focusing on delivering entertainment, news, and sports content to viewers nationwide.
The Scripps Howard Fund has announced the opening of entries for the 72nd Scripps Howard Journalism Awards, offering $140,000 in prize money across 12 categories. The prestigious competition, accepting submissions for journalism produced in 2024 until February 3, recognizes excellence in various media formats including television, radio, podcasts, visual media, online outlets, and print publications.
New this year, winners will receive a travel stipend to present their work to journalism students at universities, in addition to prize money and trophy. The awards focus on high-impact and investigative reporting, with categories including Audio Storytelling, Business/Financial Reporting, Environmental Reporting, and Investigative Reporting among others.
The Impact Award, chosen from winners and select finalists, previously recognized Hannah Dreier of The New York Times for her work on child labor issues, which prompted a White House crackdown on unsafe working conditions for young immigrants.
The E.W. Scripps Company (NASDAQ: SSP) has appointed Adam Harman as senior vice president of programming, effective Dec. 16, 2024. Harman brings over 20 years of media experience and will lead programming strategy for Scripps' news and entertainment networks, including ION, which ranks as the No. 5 general entertainment network and Google TV's most-watched live TV channel of 2024.
Harman previously served as vice president of strategy and acquisitions at A+E Networks for 11 years. His prior roles include program planning at NBCU's Style Network and Hallmark Channel. Based in Los Angeles, Harman will focus on content acquisition and programming strategies across Scripps' platforms.
The E.W. Scripps Company (NASDAQ: SSP) has promoted Matthew Hijuelos to vice president of distribution, effective Jan. 1. He will oversee distribution across Scripps platforms, including cable, satellite, virtual carriers, and multicast spectrum. Currently serving as senior director of media distribution, Hijuelos has led streaming distribution efforts and helped grow annual connected TV advertising revenue.
Hijuelos joined Scripps in 2021 through its ION acquisition, where he was vice president of business distribution. He previously worked at Akamai Technologies for nearly 20 years in business development leadership roles. Based in New York, he will replace Robin Davis, who is retiring at year-end.
KGTV ABC 10News, owned by The E.W. Scripps Company (NASDAQ: SSP), has been awarded the National Press Foundation's 2024 AARP Award for Excellence in Journalism on Aging for their series 'Cost of Care'. The yearlong investigation focused on the financial and emotional impact of dementia care in the U.S. The reporting has prompted lawmakers at state and federal levels to call for significant changes in support of caregivers. The series, led by Executive Reporter Adam Racusin, was praised by NPF judges for its deep, trustworthy interviews and comprehensive coverage. The reporting team will be honored in Washington, D.C., in February.
The E.W. Scripps Company (NASDAQ: SSP) announced that CFO Jason Combs will participate in a fireside chat at the Noble Emerging Growth Equity Conference (NobleCon20). The session, scheduled for December 3 at 11 a.m. Eastern time, will be held at Florida Atlantic University in Boca Raton, Florida, where Combs will discuss company business strategies with Noble Director of Research Michael Kupinski. While there won't be a live webcast, a replay will be available under the investor information section at www.scripps.com by December 4.
Scripps News (NASDAQ: SSP) is launching a new streaming programming lineup on November 18, following its exit from over-the-air broadcasting on November 15. The network will provide live weekday programming from 7 a.m. to 6 p.m., featuring shows like 'The National Report,' 'Morning Rush,' and 'On the Scene.' Under the leadership of VP Matt Simon, Scripps News has seen a 44% year-over-year growth in streaming viewership. The network will debut special programs including 'In the Shadows with Jason Bellini' and maintain distribution across major streaming platforms including Roku, Fire TV, Apple TV, and various others.
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