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 (SSP), a leader in local journalism and multiplatform media since 1878, provides critical updates through this centralized news hub. Investors and industry observers will find official press releases, earnings reports, and strategic announcements essential for tracking SSP's position in broadcast television, digital content, and sports media.
This resource consolidates SSP's material developments, including acquisition activity, partnerships with major networks, and innovations in over-the-air broadcasting. Users gain access to verified information on leadership changes, regulatory filings, and content launches across Scripps News, Court TV, and ION platforms.
Regular updates ensure stakeholders stay informed about SSP's operational milestones in local advertising markets, spectrum utilization, and digital transformation initiatives. Bookmark this page for efficient monitoring of financial disclosures and corporate communications from one of America's most established media enterprises.
The E.W. Scripps Company (NASDAQ: SSP) has signed an agreement to sell Triton Digital to iHeartMedia (NASDAQ: IHRT) for $230 million. This transaction yields a cash-on-cash return of 1.6x and follows Scripps' acquisition of Triton for $150 million in 2018. The sale is part of Scripps' growth strategy in digital audio and is expected to close in the first quarter of 2021, pending regulatory clearance. Proceeds will primarily be used to reduce debt, aiming to restore financial stability.
The E.W. Scripps Company (NASDAQ: SSP) recently celebrated its employees with the Give Light Awards, highlighting exceptional work during the challenging year of 2020. The awards reflect the company's motto, recognizing accomplishments in six categories, including 'Creating a Better-Informed World' and 'Doing Well by Doing Good.' Scripps President and CEO Adam Symson emphasized the commitment of employees amidst the global pandemic and social issues. Winners received Scripps stock as part of the recognition.
The E.W. Scripps Company (NASDAQ: SSP) will announce its fourth-quarter 2020 operating results before the market opens on Feb. 26, 2021. A conference call with senior management is scheduled for the same day at 9:30 a.m. Eastern time, with a live webcast available at ir.scripps.com. Additionally, a virtual investor presentation will take place on March 3, 2021, from 10 a.m. to noon. A replay of the conference call will be accessible until March 12. Scripps is a leading media company operating 61 TV stations in 41 markets.
Bounce has announced the world premiere of Saints & Sinners: Judgment Day on February 14 at 9:00 p.m. ET/PT. This film serves as a bridge to the fifth season of the series, set to debut on April 11 at the same time. The storyline revolves around Mayor Ella Johnson, who faces severe challenges after being arrested for murder, highlighting themes of power and family loyalty.
The film will be available on Bounce’s streaming service, Brown Sugar, the day after its premiere. A binge-viewing marathon of the first four seasons will occur on April 8.
The E.W. Scripps Company (NASDAQ: SSP) is set to host a virtual investor presentation on March 3, 2021, featuring President and CEO Adam Symson and key executives. The event will focus on growth strategies and the company's evolution into a significant local and national television broadcaster. Attendees will gain insights into the new national networks business, local media growth trends, and Scripps' financial outlook. Registration is required, and a replay will be accessible from March 4 at www.scripps.com.
The Scripps Howard Foundation, part of The E.W. Scripps Company (NASDAQ: SSP), donated $9 million in charitable gifts in 2020, focusing on COVID-19 relief and supporting employees financially impacted by the pandemic. Key contributions included $2.5 million for COVID-19 relief programs, $1.1 million for employee assistance, and $3.2 million for journalism education initiatives. The Foundation also promoted childhood literacy with $925,000 and engaged in community giving amounting to $1.3 million. Overall, the foundation emphasized its commitment to community support and journalism excellence during challenging times.
The E.W. Scripps Company (NASDAQ: SSP) has appointed Jon Marks as Chief Research Officer for its national television networks, effective immediately. With over 35 years of experience, Marks will oversee planning and execution of multi-platform research to enhance content, marketing, distribution, and advertising. He has previously worked with major companies such as NBCUniversal and Turner Entertainment Networks. This leadership change aims to strengthen Scripps' strategy in the evolving media landscape, as emphasized by COO Jonathan Katz.
The E.W. Scripps Company (NASDAQ: SSP) has appointed Michael Teicher as the chief revenue officer for its national television networks, effective January 19, 2021. With over 30 years of experience, Teicher previously held executive roles at 20th Television and Warner Bros. Domestic TV Distribution, overseeing popular syndicated shows. He will develop the ad sales strategy across all platforms and report to COO Jonathan Katz. Scripps, a diversified media company, operates 60 stations and multiple national networks.
The E.W. Scripps Company (NASDAQ: SSP) will start migrating its multicast networks—Bounce, Court TV, Court TV Mystery, Grit, and Laff—to its newly acquired ION stations from March 1, 2021. This transition aligns with the expiration of affiliation agreements over the next five years. Concurrently, Scripps will reduce its workforce by approximately 120 jobs as part of cost-saving measures related to the ION acquisition. The company anticipates exceeding its initial synergy estimates of $500 million over the next six years, enhancing its operational efficiencies.
