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The E.W. Scripps Company (SSP) Stock News, Mar-Apr 2022

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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.

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Five local television stations in location value="LU/us.ne.omaha"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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A coalition of local broadcasters, led by The E.W. Scripps Company (NASDAQ: SSP), has launched the Scripps Political CTV Consortium to streamline political advertising on connected TV platforms. The initiative aims to facilitate access for agencies, enabling them to reach a significant portion of voters while managing campaigns efficiently. Experts forecast approximately $9 billion in political ad spending in 2022, with $1.8 billion directed towards CTV. Scripps collaborates with Magnite to provide programmatic access to premium advertising inventory, further enhancing market efficiency.

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The E.W. Scripps Company has appointed TRG as its advertising and communications agency to enhance awareness and education about high-quality free TV services. This partnership aims to increase over-the-air TV viewing, with TRG handling creative strategy, brand planning, and media. A campaign is set to launch in May 2022, directing consumers to TheFreeTVProject.org. Scripps operates 61 stations across 41 markets and is the largest holder of broadcast spectrum.

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Bounce will premiere its original movie Don't Hang Up on March 20, 2022, at 8pm ET. The action-thriller, based on true events, stars Wendell Pierce, Lauren Holly, and Eden Cupid. The plot follows Chris Daniels, whose life takes a dark turn when he receives a phone call about his daughter's kidnapping. Chris must complete tasks as instructed by the kidnappers while maintaining one critical rule: Don't hang up. This film is directed by J.B. Sugar and produced by No Equal Entertainment.

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Sinclair Broadcast Group and local stations in West Palm Beach have launched NextGen TV, a new digital broadcast technology. This upgrade enhances viewer experience with improved video quality and sound, offering features like Voice+ dialogue enhancement and advanced emergency alerts. The rollout follows extensive planning and aims to expand across the U.S., with service already live in over 40 cities. Viewers can access programming via existing DTV formats while new devices support enhanced features. The initiative reflects a significant upgrade in broadcast technology.

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FAQ

What is the current stock price of The E.W. Scripps (SSP)?

The E.W. Scripps (SSP) last closed at $3.05.

What is the market cap of The E.W. Scripps (SSP)?

The market cap of The E.W. Scripps (SSP) is approximately $282.6M.