Scripps E W Co Ohio Stock Price, News & Analysis

The E.W. Scripps Company (Nasdaq: SSP) has announced the launch of a new Scripps Sports division aimed at enhancing partnerships with sports leagues, conferences, and teams. Brian Lawlor, previously leading the Local Media division, will serve as president of the new division. The company’s acquisition of ION Media provides significant national reach through various broadcasting platforms, enabling localized and national programming. Scripps has a history of acquiring sports rights, including the NFL and NHL, positioning it well in a fragmented sports marketplace.

The E.W. Scripps Company (NASDAQ: SSP) has appointed Corrie Loeffler, a three-time national competitor of the Scripps National Spelling Bee, as the executive director of the program, effective January 3. Loeffler has 16 years of experience with the Bee, most recently as director of editorial programs and national partnerships. The 95th Scripps National Spelling Bee will take place from May 30 to June 1, 2023. The competition, which started in 1925, is the longest-running educational contest in the U.S., witnessing viewership of over 7 million during last year’s finals.

Bounce has announced a partnership with MGM to create a new original comedy series titled "Act Your Age", set to premiere in spring 2023. The show portrays the lives of three successful women in their 50s navigating personal challenges in Washington D.C./Northern Virginia. Starring Kym Whitley, Tisha Campbell, and Yvette Nicole Brown, the series aims to celebrate Black women's stories. With 16 episodes in production in Los Angeles, this initiative marks a significant step for Bounce's original programming, according to David Hudson of Scripps Networks.

The E.W. Scripps Company (NASDAQ: SSP) reported Q3 2022 revenue of $612 million, a 10% increase year-over-year, with a segment profit of $145 million, up 13%. Political ad revenue reached $208 million for the 2022 midterms, surpassing 2018 records. Scripps Networks saw a 57% growth in Connected TV (CTV) revenue and aims for a $100 million annual run rate. Adjusted free cash flow is projected at $320 million for 2022. However, local media core advertising decreased by 12%, and the company anticipates Scripps Networks revenue to decline in Q4.

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.