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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) 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.
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