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.
The E.W. Scripps Company (NASDAQ: SSP) appointed Bill Siegel as vice president and general manager for WPTV and WHDT in West Palm Beach, Florida, effective March 7. Siegel previously served as vice president and general manager of WSFL in Miami since December 2019. He has extensive experience in broadcasting and led initiatives like Florida 24, a free statewide news channel. Local Media President Brian Lawlor highlighted Siegel's commitment to impactful journalism as key for WPTV's success.
The E.W. Scripps Company (NASDAQ: SSP) will outline its business strategies at the 30th Annual Deutsche Bank Media, Internet and Telecom Conference on March 15, 2022, in Palm Beach, Florida. Key executives, including Adam Symson (CEO) and Jason Combs (CFO), will participate in one-on-one meetings and a fireside chat starting at 11:50 a.m. Eastern. A live audio stream will be available during the event, with a replay accessible for 30 days. Scripps, a major local TV broadcaster, operates a portfolio of 61 stations and provides quality journalism across its platforms.
The E.W. Scripps Company (NASDAQ: SSP) reported strong financial performance for the fourth quarter of 2021, with a 14% year-over-year revenue growth in its Scripps Networks division and 8% growth in Local Media core advertising. The company achieved a record $280 million in free cash flow, bolstered by rebounding advertising markets. Scripps anticipates $270 million in political advertising revenue for 2022, a 40% increase compared to the last mid-term election. Despite a decline in political revenue from $138 million to $11.1 million, overall revenue rose to $622 million, with an income from continuing operations of $40.2 million.
Scripps Networks has officially rebranded Court TV Mystery as ION Mystery as of February 24, 2022. This change aims to enhance consumer recognition and strengthen cross-promotional efforts by aligning with ION's popular programming. ION Mystery now features popular procedural dramas and reaches approximately 120 million households across the US, covering 98% of the country. The Scripps portfolio includes notable brands such as Court TV, Newsy, and Bounce, ensuring broad national outreach.
The E.W. Scripps Company (NASDAQ: SSP) will release its fourth-quarter 2021 operating results on February 25, 2022, before the Nasdaq opens. A conference call with Scripps' senior management will take place the same day at 9:30 a.m. Eastern Time. The call will be available via a live webcast at ir.scripps.com and can also be accessed by phone at (844) 867-6169 (U.S.) or (409) 207-6975 (international) using access code 3859521. A replay will be available until March 25, 2022.
The Scripps Howard Foundation contributed $6.4 million to charitable causes in 2021, continuing its commitment to journalism education and community support. Key allocations included $1 million for childhood literacy, $3.1 million for First Amendment advocacy, and $1.5 million to various nonprofits addressing social issues. The foundation's initiatives impact communities nationwide, with special projects like the Queen City Book Bank and the 'If You Give a Child a Book...' campaign.
Bounce is set to premiere the sixth and final season of its acclaimed series Saints & Sinners on April 3, 2022, airing Sunday nights at 8 p.m. ET/PT. The show, which has garnered a loyal audience, focuses on themes of power, corruption, and deception within a southern church backdrop. Viewers can catch up on previous seasons through Brown Sugar, the network's subscription service. The series is produced by Swirl Films and features an ensemble cast including Vanessa Bell Calloway and Clifton Powell.
Green Bay's television stations, including WBAY-TV, WFRV-TV, WLUK-TV, WGBA-TV, and WCWF, have launched NextGen TV, leveraging ATSC 3.0 technology. This upgrade enhances broadcast quality with stunning visuals and improved audio features, such as Voice+ dialogue enhancement. The service, already live in over 40 cities, provides better emergency alerts and integrates internet content for real-time updates during live events. Viewers can continue using existing DTV formats or rescan their devices for uninterrupted service.
FAQ
What is the current stock price of Scripps E W Co Ohio (SSP)?
What is the market cap of Scripps E W Co Ohio (SSP)?
What is The E.W. Scripps Company?
Which segments form the core of Scripps' business?
How does Scripps generate its revenue?
What distinguishes Scripps' local media operations?
How is Scripps adapting to digital transformation?
What role does investigative journalism play at Scripps?
How does Scripps maintain its reputation for trustworthiness?
