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) reported a strong third quarter of 2020, achieving revenues of $493 million, a 49% increase from $331 million in Q3 2019. Income from continuing operations reached $64 million, or 76 cents per share, rebounding from a loss in the prior year. Political advertising revenue soared to $98.3 million, driven by heightened election activity. Scripps is set to acquire ION Media for $2.65 billion, further expanding its national network reach. The company anticipates 2020 free cash flow will exceed $280 million, reflecting a robust operational recovery.
Court TV is set to premiere a new, one-hour special titled Hollywood Predator: The Trial of Harvey Weinstein on November 8 at 7:00 p.m. ET. The program will provide insights into Weinstein's trial, which was covered live by Court TV, featuring testimonials, interviews, and media coverage that highlight the significant impact of the #MeToo Movement. Court TV can be accessed via cable, streaming services, and its app, making it a key player in legal media coverage, as part of Katz Networks under The E.W. Scripps Company (NASDAQ: SSP).
The E.W. Scripps Company (NASDAQ: SSP) has declared a cash dividend of 5 cents per share for the fourth quarter of 2020. Shareholders of record as of December 15, 2020 will receive their dividends payable on December 24, 2020. This dividend will be drawn from the company's surplus funds. Scripps is poised to become the largest television broadcaster in the U.S. with the acquisition of ION Media, potentially reaching 73% of U.S. TV households through 108 stations across 76 markets.
Bounce, the multi-platform entertainment network for African Americans, will premiere its first true-crime docuseries, Dying To Be Famous: The Ryan Singleton Mystery, on November 1st at 9:00 p.m. (ET). The series explores the tragic death of 24-year-old Ryan Singleton, an aspiring model, found dead in California's Mojave Desert. The docuseries uses footage from Singleton's friends, along with new interviews, to uncover the mystery behind his disappearance and death. New episodes will air Sunday nights at 9:00 p.m. on Bounce, part of The E.W. Scripps Company (NASDAQ: SSP).
Sounder has partnered with Triton Digital to enhance monetization for podcast creators. This integration allows creators to easily insert targeted, dynamically-inserted audio ads in new and existing episodes. Creators maintain control over ad placements and can select the frequency of ads. The collaboration aims to boost the monetization potential of podcasts on major platforms like Spotify. This launch follows Sounder's recent partnership with DAX to expand monetization options, offering a comprehensive suite of solutions for creators.
The E.W. Scripps Company (NASDAQ: SSP) finalized the sale of Stitcher to SiriusXM for $325 million. The deal includes $265 million in cash and an earnout of up to $60 million based on Stitcher's 2020 and 2021 financial results. Stitcher, an early player in the podcast industry, had a revenue growth rate of 52% CAGR from 2016-2019, with $72.5 million in revenue in 2019. Scripps focuses on expanding its national television business, acquiring ION Media to enhance its reach across the U.S., pending regulatory approval.
The E.W. Scripps Company (NASDAQ: SSP) has announced leadership changes following its upcoming acquisition of ION Media, expected to finalize in Q1 2021. Lisa Knutson will take charge of the newly formed Scripps national television networks, while Laura Tomlin will become chief administrative officer. Both will report to President and CEO Adam Symson. Knutson, with the company since 2005, will oversee the integration of ION Media and other properties, while Tomlin will manage human resources and IT.
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.