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.
The E.W. Scripps Company reports developments across its local television stations, national networks, sports media rights and balance-sheet initiatives. The company operates one of the largest local TV station portfolios in the U.S., reaches national audiences through Scripps News and entertainment brands including ION, Bounce, Grit, ION Mystery, ION Plus and Laff, and owns Scripps Sports.
Recurring Scripps news includes quarterly operating results, core advertising, political advertising and distribution revenue, station portfolio transactions, debt-reduction efforts and programming agreements. Coverage also includes Scripps Sports partnerships with professional and college sports properties, FAST channel initiatives, ION programming, and the company’s role as steward of the Scripps National Spelling Bee.
On August 30, 2022, The E.W. Scripps Company (NASDAQ: SSP) announced the launch of the Scripps Journalism Journey Initiative, aiming to transition print journalists into broadcast careers. Led by Jim Iovino, a seasoned journalist with over 25 years of experience, this multi-year program is financially backed by Google. The initiative seeks to enhance digital journalism skills among veteran journalists, nurturing their talents for a video-driven news landscape. Applications are currently open, with the program set to start in December and January.
The Scripps Howard Fund's seventh annual childhood literacy campaign aims to distribute its 1 millionth book during the 2022-2023 school year. Running from August 29 to September 9, the campaign encourages $5 donations to provide books to children in need. Local television stations partner with Title 1 schools to ensure access for underserved children, focusing on kindergarten to third grade. The Fund's goal is to equip each student with 10 age-appropriate books annually. Donations can be made at ifyougiveabook.com.
The E.W. Scripps Company (NASDAQ: SSP) reported a record $594 million in revenue and $132 million in segment profit for Q2 2022, driven by robust political advertising and retransmission revenues. Political ad revenue is projected to exceed $270 million for the full year, surpassing 2020 results. Local Media revenue rose 9.5% to $356 million, with political revenue significantly increasing to $24 million. Despite a challenging ad market, Scripps Networks maintained revenue at $239 million. Free cash flow for 2022 is targeted at $400 million, reflecting effective expense management.
The E.W. Scripps Company (NASDAQ: SSP) has approved a new contract for President and CEO Adam P. Symson, extending his tenure through December 31, 2027. Symson, who has served since August 2017, has led significant growth initiatives, including the acquisition of ION Media and the establishment of a profitable operating division with nine national broadcast networks. Under his leadership, the company has enhanced its Local Media portfolio, improved operating performance, and navigated challenges like the COVID-19 pandemic. The board emphasizes aligning executive pay with shareholder interests.
The E.W. Scripps Company (NASDAQ: SSP) will announce its second-quarter 2022 operating results before Nasdaq trading on August 5, 2022. A conference call featuring senior management is scheduled for 9:30 a.m. Eastern time on the same day, which will be available via live webcast at ir.scripps.com. For those wishing to join by phone, they can dial (844) 867-6169 (U.S.) or (409) 207-6975 (international) with access code 1864935. A replay will be available until midnight on September 7, 2022.
The E.W. Scripps Company (NASDAQ: SSP) has announced the appointment of Lisa Volenec as vice president and general manager for KMTV in Omaha, Nebraska, effective August 22, 2022. Volenec, a seasoned media professional, is returning to her roots in Omaha where she began her career in television news. Previously, she served as regional business development director for Scripps' Local Media division and has extensive leadership experience within the company. Local Media President, Brian Lawlor, expressed confidence in her ability to drive KMTV's success, emphasizing her market knowledge and leadership skills.
ION announced the addition of "Leverage: Redemption" to its Monday night lineup, premiering with double episodes on July 11, 2022 at 9 p.m. ET. This series follows reformed criminals using their skills to combat injustices against common citizens. The cast features Noah Wyle and Gina Bellman, among others. The show picks up eight years after the original series, focusing on a new team dynamic. ION broadcasts to over 100 million homes and is owned by The E.W. Scripps Company (NASDAQ: SSP), which operates numerous popular networks.
The E.W. Scripps Company (NASDAQ: SSP) has appointed Jeff Kiernan as vice president and general manager for KTNV, its ABC affiliate in Las Vegas, effective July 25, 2022. Kiernan previously served as senior director of news at WXYZ and WMYD in Detroit since January 2021, where he led the implementation of Scripps' content strategy. He has an extensive background in journalism and has held leadership roles across various Scripps stations, demonstrating a commitment to community-focused reporting.
The E.W. Scripps Company (NASDAQ: SSP) has appointed Quinn Pacini as vice president and general manager for KBZK/KXLF, the CBS affiliates in the Bozeman/Butte, Montana market, effective July 1, 2022. Pacini, with over 15 years of experience in media and marketing, previously worked with Learfield/Bobcat Sports Properties. His background includes roles at CDK Global and Rally Marketing Group. Scripps Local Media President Brian Lawlor praised Pacini's ability to drive revenue growth and lead multimedia campaigns, enhancing Scripps' local journalism mission.
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