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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.
The E.W. Scripps Company (NASDAQ: SSP) has nominated Raymundo H. Granado and Monica O. Holcomb for election to its board of directors.
Granado, a private investor and philanthropist, has been involved in social impact initiatives, while Holcomb has directed the Scripps Family Impact Fund since its inception. They will replace Anne La Dow and Michael Scagliotti, who are stepping down after several years on the board.
The election will take place at the Scripps shareholder annual meeting on May 1. The board's size is expected to remain at 11 members.
Court TV has announced the return of its popular true-crime series, "Someone They Knew With Tamron Hall", for a second season starting February 19 at 9 PM ET. The series will feature 24 new episodes exploring compelling murder cases from the perspectives of those involved, including family and law enforcement. Notable cases include "Burning Jealousy" and "Mommy Dearest". Tamron Hall, a Daytime Emmy Award-winning host, emphasizes the series’ focus on the emotional impact of crime. The show is part of Court TV's extensive legal programming, which is available in 97% of U.S. homes.
The E.W. Scripps Company (NASDAQ: SSP) will announce its fourth-quarter 2022 operating results before the market opens on February 24, 2023.
A conference call with senior management will follow at 9:30 a.m. Eastern time on the same day, accessible via webcast or by phone at (844) 867-6169 (U.S.) and (409) 207-6975 (international) with access code 4229660.
A replay will be available from 1:30 p.m. Eastern time on February 24 until midnight on March 24, with replay numbers (866) 207-1041 (domestic) and (402) 970-0847 (international) using access code 3388176.
Bounce has announced the premiere of its new original series, Act Your Age, in partnership with MGM. The show will debut on March 4, 2023, at 8 p.m. ET, featuring back-to-back episodes. This multi-camera comedy showcases three women in their 50s navigating personal crossroads in life. Starring Kym Whitley and Tisha Campbell, with Yvette Nicole Brown as a guest star, the series blends humor with relatable themes. It will consist of two parts across 16 episodes, with the first half airing weekly in spring and the latter in summer. Episodes will also be available on Brown Sugar, Bounce's streaming service, following their TV premieres.
The E.W. Scripps Company (NASDAQ: SSP) has announced a multi-year distribution partnership with YouTube TV, launching networks ION, Bounce, and Scripps News as part of the base offering. This partnership enhances YouTube TV's service, which already includes Court TV, with potential future additions like Grit and ION Mystery. Subscribers will soon access Bounce's new original series, "Act Your Age," premiering in March. Scripps operates 61 stations across 41 markets, focusing on quality journalism and diverse entertainment options, reaching nearly all Americans through its national news and entertainment channels.
National News Literacy Week will be held from Jan. 23-27, 2023, aiming to combat misinformation and build trust in news. According to the Edelman Trust Barometer, only 39% of American adults trust media, down from 45% in 2021. Events will include discussions led by newsroom leaders from top outlets, focusing on transparency and media accountability. Co-presented by the News Literacy Project and Scripps, the initiative seeks to enhance news literacy in the U.S.
The E.W. Scripps Company (NASDAQ: SSP) announced a major restructuring to enhance agility in its operations and drive growth across various media platforms. Lisa Knutson has been appointed Chief Operating Officer to spearhead this initiative, focusing on improving operational performance, realizing synergies, and facilitating employee mobility. The restructuring aims to capitalize on opportunities in news, sports, and emerging distribution platforms. Future updates will be provided during the February earnings call.
The 70th Scripps Howard Awards is now accepting entries for exceptional journalism produced in 2022, running from Jan. 3 to Feb. 5, 2023. The awards feature $170,000 in total prize money across 15 categories, including Business/Financial Reporting and Investigative Reporting. Winners will be announced in October during a broadcast on Scripps News. This event honors various media outlets for their impactful work, with previous winners highlighting significant investigations such as the Pandora Papers.
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