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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.
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.
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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.
The third annual National News Literacy Week kicks off on January 24, 2022, with a focus on combating misinformation. This initiative, supported by over 30 news organizations, emphasizes the importance of news literacy in making informed decisions. The week includes public announcements and resources aimed at educators and the public to strengthen skills in discerning credible information. The E.W. Scripps Company (NASDAQ: SSP) is a presenting sponsor, urging communities to engage with news responsibly and understand the standards of journalism.