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.
Overview
The E.W. Scripps Company (SSP) is a diversified media enterprise with a rich heritage dating back to 1878. Known for its commitment to objective local journalism and innovative digital storytelling, Scripps serves communities across the United States with a powerful blend of television, radio, and digital media assets. With a core focus on quality content and extensive local market penetration, the company provides trusted news and information that enable citizens to stay informed through both traditional and modern platforms.
Business Segments and Revenue Streams
Scripps operates through several key segments:
- Local Media: This segment comprises a broad network of local television stations and digital operations. These stations are affiliated with major networks including ABC, NBC, CBS, and FOX, enabling dynamic local advertising opportunities, retransmission fees and political advertising revenues. The wide reach in minute local markets is instrumental in delivering community news and real-time information.
- Scripps Networks: Under this umbrella, the company manages national news outlets and entertainment channels such as Scripps News, Court TV, ION, Bounce, and others. These networks maximize revenue primarily through advertising while maintaining a broad distribution that touches nearly every U.S. household.
- Digital and Sports Platforms: Recognizing the digital transformation, Scripps has expanded its scope into digital journalism and multimedia content. This includes owning innovative platforms in podcasting, over-the-top (OTT) video services, and dedicated sports broadcasting via Scripps Sports. Strategic partnerships with major sports leagues and teams have further diversified its content offerings and audience engagement on platforms such as ION and mobile streaming applications.
Content, Innovation, and Investigative Journalism
Scripps is not only a major broadcaster but also a content innovator. It underpins an award-winning investigative newsroom in Washington, D.C., known for its incisive reporting and its commitment to uncovering critical public interest stories. The company's production of educational and entertaining content, including long-standing institutions like the Scripps National Spelling Bee, showcases its versatility and deep-rooted trust within the media landscape.
Market Position and Industry Impact
As one of America’s largest independent TV station owners and the nation’s most extensive holder of broadcast spectrum, Scripps has a significant market presence. It operates in a competitive environment that demands high standards in local journalism, digital innovation, and sports broadcasting. Its ability to adapt to technological changes and shifts in content consumption underlines its resilience. By integrating traditional broadcast strengths with emerging digital trends, Scripps continues to set benchmarks in quality journalism and diversified media content.
Commitment to Excellence and Trustworthiness
Reflecting its long-time motto, "Give light and the people will find their own way," Scripps emphasizes credibility and authority in its operations. The company maintains rigorous journalistic standards and focuses on providing well-researched, fact-based reporting—a principle that has built a loyal audience and solidified its reputation among media professionals and investors alike.
Strategic Partnerships and Future-Proof Operations
Scripps has established multiple strategic partnerships to expand its reach and enhance its content offerings. Through collaborations with major sports leagues, digital partners, and content distribution platforms, Scripps has effectively diversified its audience base and revenue sources without compromising its commitment to quality journalism. These initiatives ensure that the company remains a pivotal player in both local and national media ecosystems.
The E.W. Scripps Company (NASDAQ: SSP) is set to announce its third-quarter 2020 operating results before the market opens on November 6. A conference call with senior management will follow at 9:30 a.m. Eastern time on the same day. Investors can listen to the call via a live webcast on Scripps' investor relations website. A replay will be available starting 12:30 p.m. Eastern time on November 6 until midnight November 20, with specific access codes provided for both live and replay options.
CINCINNATI, Oct. 13, 2020 /PRNewswire/ -- Newsy expands its reach by adding its complete news programming lineup to Philo, a rapidly growing streaming service. Subscribers now have access to live shows like "Morning Rush" and "Newsy Tonight," alongside coverage of significant events including the presidential debates. With a subscription cost of $20 per month, Philo offers over 60 channels, enabling Newsy to engage over 750,000 customers. The network, a subsidiary of E.W. Scripps (NASDAQ: SSP), aims to deliver straightforward, opinion-free news across various platforms.
The Scripps Howard Foundation's "If You Give a Child a Book..." campaign aims to distribute over 165,000 books to low-income children nationwide during the 2020 school year, following a successful fundraiser that raised $825,369. Starting in January 2021, Scripps TV stations will collaborate with local schools and nonprofits to ensure book distribution. Since 2016, the campaign has donated more than 352,000 books, with the total expected to exceed 500,000 this year. This initiative underscores Scripps’ commitment to childhood literacy and community support.
The E.W. Scripps Company (NASDAQ: SSP) is set to enhance its local news presence in Michigan by launching original newscasts at WSYM, its Fox affiliate in Lansing, starting early next year. This initiative expands Scripps' reach, covering approximately 81% of TV households in Michigan. WSYM aims to build a local newsgathering team, utilizing Scripps' existing Michigan stations and national content desk. This move aligns with Scripps' commitment to impactful journalism and strengthens its position as one of the largest independent TV station owners in the U.S.
The E.W. Scripps Company (NASDAQ: SSP) is launching an extensive initiative to assist voters during the pandemic-affected voting process. This includes local digital voter guides and national coverage across 42 markets, aimed at ensuring voters have necessary resources. Scripps is also partnering with ProPublica on election security issues. They are focusing on increasing voter engagement through multiplatform promotions and targeted initiatives for Latino and African American communities. The company aims to combat misinformation and provide vital information to aid voter participation in the unusual 2020 election cycle.
Bounce has announced the addition of two popular series, Greenleaf and Everybody Hates Chris. Greenleaf will air on Sundays at 8:00 p.m. starting October 4, while Everybody Hates Chris will debut on weeknights at 7:00 p.m. beginning October 5. The network has licensed all five seasons of Greenleaf, which has won multiple NAACP Image Awards. Additionally, actor Gregory Alan Williams joins the cast of Saints & Sinners for its fifth season slated for 2021. Bounce is part of The E.W. Scripps Company (NASDAQ: SSP).
The E.W. Scripps Company (NASDAQ: SSP) announced its acquisition of ION Media for $2.65 billion, aimed at forming a robust national television networks business. The deal is expected to generate $500 million in synergies over six years, with ION reaching over 100 million homes and boasting significant revenue growth. Berkshire Hathaway will invest $600 million in preferred equity to finance the transaction. This strategic move positions Scripps to enhance advertising reach and capitalize on evolving media consumption trends.
The Scripps Howard Foundation is investing up to $1.5 million to establish the Roy W. Howard Fellowships, aimed at aspiring investigative journalists from the Howard Centers for Investigative Journalism at Arizona State University and the University of Maryland. Commencing in January 2021, the program will support up to 30 fellows over three years, with each fellow working for a nonprofit news organization. The fellowships will include salary support, relocation stipends, and training funding, reflecting the Foundation’s commitment to enhancing journalism education and professional development.
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