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Scripps E W Co Ohio - SSP STOCK NEWS

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.

Rhea-AI Summary

The E.W. Scripps Company (NASDAQ: SSP) announced a strong financial performance for Q1 2022, achieving $566 million in total revenue, a 4.6% increase year-over-year, and segment profit of $115 million. The company is on track to generate free cash flow between $400-$450 million for the year, bolstered by projected $270 million in political advertising revenue. Highlights include a 3.4% rise in core advertising revenue and an 8.5% increase in combined revenue from Scripps Networks.

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On May 5, 2022, Bounce announced its original programming schedule featuring the new series Finding Happy, premiering in Fall 2022. This dramedy portrays the life of Yaz Carter, exploring themes of unfulfilled dreams and self-discovery, with a cast led by B. Simone. The lineup also includes the return of Johnson on July 10 and the holiday movie Faith Heist 2. Special events like the Scripps National Spelling Bee and the 30th Bounce Trumpet Awards will further enrich Bounce's offerings in June.

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The Scripps National Spelling Bee will host 234 spellers from May 31 to June 2, 2022, at National Harbor, Maryland, marking its first fully in-person event since 2019. The competitors, aged 7 to 15, qualified through local and regional bees. Semifinals will air live on ION and Bounce on June 1, while the finals will follow on June 2. Participants will engage in activities like STEM workshops and creative arts. The champion will receive a $50,000 cash prize. This year's Bee aims to inspire future generations through broadcasting in over 120 million households.

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On May 3, 2022, shareholders of The E.W. Scripps Company (NASDAQ: SSP) elected two new members, Burton Jablin and Leigh Radford, to the board of directors. Jablin, a seasoned programming executive, previously led Scripps Networks Interactive before its acquisition by Discovery Communications. Radford, a retired senior VP from Procter & Gamble, has considerable experience in consumer brand marketing. Their appointments aim to strengthen Scripps' media industry expertise as the company navigates ongoing evolution.

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Five local television stations in Omaha launched NextGen TV, a new digital broadcast technology, enhancing viewer experience with superior video quality and voice enhancement. The participating stations include KETV, KMTV-TV, WOWT, KPTM, and KXVO. NextGen TV, powered by ATSC 3.0, offers advanced features such as improved emergency alerts and the integration of internet content. This significant upgrade follows years of development and planning, with service already available in over 45 cities nationwide. Rescanning TVs ensures continued service for antenna viewers.

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The E.W. Scripps Company (NASDAQ: SSP) will announce its first-quarter 2022 operating results before the market opens on May 6, 2022. A conference call with senior management is scheduled for 9:30 a.m. Eastern time on the same day. Investors can join via a live webcast, accessible at ir.scripps.com. For those preferring phone access, dial (844) 867-6169 in the U.S. or (409) 207-6975 internationally, using access code 3859521. A replay will be available from 1:30 p.m. Eastern time on May 6 until June 6.

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All seven local television stations in Richmond-Petersburg, including WRIC-TV, WTVR-TV, and WWBT, have launched NextGen TV, a new digital broadcast technology. This upgrade, based on ATSC 3.0, offers enhanced video quality, improved emergency alerts, and a better auditory experience through Voice+ dialogue enhancement. Broadcasters can incorporate Internet content for live events. The rollout follows years of planning and is already operational in over 40 cities nationwide. For viewers, rescanning their TVs is required for uninterrupted service. More details are available at www.WatchNextGenTV.com.

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The E.W. Scripps Company (NASDAQ: SSP) announced the appointment of Andrés Chaparro as the new vice president and general manager for WSFL, the CW affiliate in Miami, effective May 2. Chaparro previously led Scripps ABC affiliates in Texas, enhancing news coverage and community engagement. Brian Lawlor, Local Media President, expressed confidence in Chaparro's ability to foster business relationships and quality journalism to drive WSFL's success. Chaparro's background includes a focus on public health and education and extensive community involvement.

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On April 5, 2022, Court TV announced it will provide live coverage as the pool feed provider for the high-profile defamation trial between Johnny Depp and Amber Heard, starting April 11 in Virginia. Court TV aims to deliver unbiased coverage, with cameras capturing unobstructed views of courtroom proceedings. The network's team, which includes experienced anchors and correspondents, promises comprehensive legal insights. Court TV has previously covered significant trials, enhancing its reputation as a reliable source for legal reporting, available to 97% of U.S. households.

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FAQ

What is the current stock price of Scripps E W Co Ohio (SSP)?

The current stock price of Scripps E W Co Ohio (SSP) is $3.03 as of April 1, 2025.

What is the market cap of Scripps E W Co Ohio (SSP)?

The market cap of Scripps E W Co Ohio (SSP) is approximately 267.4M.

What is The E.W. Scripps Company?

The E.W. Scripps Company is a diversified media enterprise that operates a wide range of local broadcast stations, digital news platforms, and sports broadcasting services.

Which segments form the core of Scripps' business?

The company operates through key segments including Local Media, Scripps Networks, and Digital/Sports platforms. Each segment supports its revenue through advertising, retransmission fees, and digital subscriptions.

How does Scripps generate its revenue?

Revenue is generated primarily through advertising sales, retransmission fees from cable and digital platforms, and strategic partnerships in sports broadcasting and digital content distribution.

What distinguishes Scripps' local media operations?

Scripps' local media operations are distinguished by their widespread network of broadcast stations and deep community engagement, offering reliable local journalism and real-time information.

How is Scripps adapting to digital transformation?

The company has expanded into digital journalism, OTT video services, and sports streaming platforms, integrating traditional media with innovative digital content to meet evolving audience demands.

What role does investigative journalism play at Scripps?

Scripps places a strong emphasis on investigative journalism, operating award-winning newsrooms that provide in-depth, fact-based reporting on critical issues of public interest.

How does Scripps maintain its reputation for trustworthiness?

Scripps upholds high journalistic standards, delivering objective, well-researched content across all its platforms. Its long-standing commitment to credible reporting has earned it a trusted reputation in the media industry.
Scripps E W Co Ohio

Nasdaq:SSP

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SSP Stock Data

267.44M
62.35M
17.72%
73.58%
2.41%
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