Welcome to our dedicated page for The E.W. Scripps Company news (Ticker: SSP), a resource for investors and traders seeking the latest updates and insights on The E.W. Scripps Company stock.
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 E.W. Scripps Company (NASDAQ: SSP) will announce its third-quarter 2022 operating results before the market opens on Nov. 8. A conference call with senior management is scheduled for 9 a.m. Eastern time, which will be available via live webcast. Investors can access the call by dialing (844) 291-6362 (U.S.) or (234) 720-6995 (international) using access code 6276117. A replay of the call will be available from noon on Nov. 8 until midnight on Dec. 8, with numbers provided for both domestic and international access.
Scripps Networks announced five new original holiday movies set to premiere on ION and Bounce, enhancing its holiday programming. Beginning Nov. 20, the movies feature notable actors like Billy Baldwin and Vivica A. Fox. A total of nearly 200 hours of holiday content will be aired throughout the season. Highlights include titles such as 'The Case of the Christmas Diamond' and 'Dognapped: Hound for the Holidays'. This initiative aims to engage viewers with entertaining holiday stories across various platforms.
The E.W. Scripps Company (NASDAQ: SSP) has raised $470,000 for Hurricane Ian relief efforts. This includes $325,000 donated by viewers through the Scripps Howard Fund, which ensures funds directly aid affected communities in Florida. The company established a Hurricane Ian Employee Relief Fund, totaling $145,000, for employees impacted by the disaster. With hurricane recovery costs projected to be in the tens of billions, Scripps' initiatives aim to support long-term recovery efforts.
The Scripps Howard Fund's 2022 "If You Give a Child a Book..." campaign raised $1 million, providing 200,000 books to children nationwide. This effort targets children from low-income families, with distributions facilitated through partnerships with nonprofits and Title I schools. Since 2016, over 1 million books have been distributed. The campaign emphasizes the importance of children choosing their own books for enhanced reading enjoyment and comprehension. Additionally, a collaboration with Kellogg's "Feeding Reading" program aims to deliver more books to partner schools.
Court TV will premiere a new documentary titled "Rampage Killers" on October 2 at 9 p.m. ET. The documentary marks the fifth anniversary of the Las Vegas shooting massacre and aims to delve into the psyche of rampage killers to prevent future incidents. Featuring exclusive police footage and an interview with convicted shooter Jeffrey Wade Wallace, the documentary underscores the network's commitment to exploring the motivations behind such heinous acts. The network has recently seen a surge in viewership, particularly during the Depp vs. Heard trial.
The E.W. Scripps Company (NASDAQ: SSP) is merging its news resources to form a new division called Scripps News, launching on January 1. This reorganization aims to enhance national news delivery while leveraging local broadcasting strengths. Kate O'Brian will lead Scripps News, reporting to CEO Adam Symson. The division will operate from Atlanta with multiple bureaus nationwide, including in major cities like Chicago and Los Angeles. The rebranded network will continue to provide free, 24/7 national news coverage, complementing local news efforts.
Bounce is set to premiere its original series, Finding Happy, on September 24, 2022, at 8 p.m. EDT. This dramedy, centering on the Black female experience, follows protagonist Yaz Carter as she navigates her unfulfilled life, marked by family complexities and romantic challenges in Atlanta. The debut season consists of 10 episodes, showcasing Yaz's journey toward self-discovery. The show stars B. Simone and features notable actors like Kim Coles and Marketta Patrice. Executive producers include Eric C. Rhone and Cedric The Entertainer.
The E.W. Scripps Company (NASDAQ: SSP) will present its business strategies at the 30th annual Deutsche Bank Leveraged Finance Conference in Scottsdale, Arizona. Executives Jason Combs and Rebecca Riegelsberger will engage with investors on September 20-21, 2022, with a presentation scheduled for 8 a.m. Pacific Time on September 21. Live audio of the presentation will be available for listeners from 8 a.m. to 8:35 a.m. Pacific via the Scripps website. Scripps, a leading media company, operates 61 stations in 41 markets and delivers quality local journalism.
The E.W. Scripps Company and The Washington Post are launching a new political show titled 'Election 22: What Matters', premiering on Sept. 9, 2022. This 30-minute program will focus on key voter issues ahead of the November elections, airing weekly on Fridays at 8:30 p.m. and re-running on weekends. The show will feature insights on topics like the economy and healthcare, with reporters from various states collaborating for in-depth coverage. This collaboration aims to provide a comprehensive view of what matters to voters across the nation.
Bounce and Grit networks have launched on DIRECTV, providing new content options for subscribers. Bounce, focused on original series and films for Black audiences, airs on channel 82, while Grit showcases classic westerns on channel 81. Both networks are part of The E.W. Scripps Company (NASDAQ: SSP). Bounce introduces new episodes of 'Johnson' at 8 p.m. ET on Sundays, with 'Finding Happy' premiering on Sept. 24. This partnership emphasizes the growing demand for diverse programming and classic genres.
FAQ
What is the current stock price of The E.W. Scripps Company (SSP)?
What is the market cap of The E.W. Scripps Company (SSP)?
What does The E.W. Scripps Company do?
How many television and radio stations does Scripps own?
What are some of Scripps' notable digital media properties?
What recent achievements has Scripps accomplished?
What is Scripps' historical motto?
What major educational program does Scripps steward?
Who are some of Scripps' strategic partners?
What is the financial condition of Scripps as of the end of 2023?
What are some of the key entertainment networks owned by Scripps?
What are some recent financial strategies employed by Scripps?
