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 (NASDAQ: SSP) news page on Stock Titan highlights company announcements, media programming updates, strategic actions and capital markets disclosures. Scripps describes itself as a diversified media company and one of the nation’s largest local TV broadcasters, with more than 60 stations in over 40 U.S. markets and national brands such as Scripps News, Court TV, ION, ION Plus, ION Mystery, Bounce, Grit and Laff.
News items for SSP often include updates on local station leadership, such as appointments at Scripps-owned affiliates, programming changes on national networks and new original series on Court TV. Coverage also reflects Scripps’ role in legal and true-crime reporting, with Court TV announcing primetime lineups and docuseries that revisit high-profile trials and major court cases.
Investors and media watchers can also follow Scripps Sports announcements, where the company details new and expanded partnerships with professional and college sports properties. Recent releases have described agreements that bring leagues like the Pro Cheer League and women’s professional soccer to national audiences on ION and local Scripps stations, as well as local broadcast deals for new franchises.
In addition, Scripps uses news releases to communicate about earnings call schedules, responses to unsolicited acquisition proposals, shareholder rights plans and other governance matters. By reviewing the SSP news feed, readers can see how Scripps manages its portfolio of local stations, national networks and sports rights, and how its board addresses strategic proposals and capital structure decisions over time.
Court TV has commenced its comprehensive coverage of the murder trial related to the death of George Floyd, with jury selection currently in progress. This trial will be covered live and exclusively by Court TV, which aims to provide full transparency due to the trial's significant cultural impact. The trial involves former Minneapolis police officer Derek Chauvin, facing murder charges, along with three other officers charged as accomplices. Court TV's expert team will deliver in-depth analysis and virtual recreations of the proceedings.
The Scripps Howard Awards, recognizing excellence in journalism, revealed finalists from nearly 900 entries. The New York Times and The Washington Post lead with three nominations each. The awards, featuring a total prize of $160,000, cover 14 categories, applauding journalists for their crucial role during a tumultuous year of societal challenges. The Impact Award winner will be announced on April 21, 2021.
Additionally, finalists for journalism education awards were also announced, celebrating teaching and administrative excellence in journalism and communication.
The E.W. Scripps Company (NASDAQ: SSP) is launching a commercial interruption-free special titled "Hidden Bias of Good People" across its 61 local television stations in 41 markets to foster dialogue on implicit bias. Scheduled to air the week of March 8, the hour-long program is hosted by Dr. Bryant T. Marks, aiming to facilitate discussions about unconscious biases. Scripps also plans to produce additional content on race relations, equity, diversity, and inclusion, including Facebook Live sessions and Zoom Q&As with local experts.
The E.W. Scripps Company (NASDAQ: SSP) announced the launch of two new national television networks, Doozy and Defy TV, set to premiere on July 1, 2021. These networks will enhance Scripps' portfolio to nine networks, allowing broader audience reach across nearly every U.S. television home. Doozy targets women aged 25-54 with popular unscripted dramas, while Defy TV is aimed at men in the same age group, focusing on reality-based programming. The expansion aims to strengthen Scripps' position in free TV and attract advertisers.
The Scripps National Spelling Bee has appointed Dr. J. Michael Durnil as its executive director. Durnil, an experienced nonprofit leader, aims to enhance the Bee's educational programs and expand its national outreach. With over 35 years of experience, he previously led the Simon Youth Foundation, emphasizing education for at-risk youth. Scripps President Adam Symson praised Durnil's leadership skills and understanding of media. The Bee plans to host its 2021 competition at the ESPN Wide World of Sports Complex in Orlando, Florida.
The E.W. Scripps Company (NASDAQ: SSP) reported a strong fourth quarter of 2020 with $591 million in revenue, a 40% increase from the previous year. Income from continuing operations rose to $114 million or $1.35 per share. The company benefited from political advertising revenue of $140 million and significant gains from the sale of WPIX. Despite a decrease in core advertising revenue by 8.9%, retransmission revenue increased 36%. Total debt stood at $3.8 billion as of January 31, 2021, with cash and equivalents at $210 million.
The Scripps National Spelling Bee will be held in-person on July 8, 2021, at ESPN Wide World of Sports Complex, Orlando, Florida. The finals will feature 10 to 12 finalists who advance through virtual preliminary rounds due to the COVID-19 pandemic. The semifinals are scheduled for June 27, 2021. To ensure safety, only a limited number of spellers will compete in person, adhering to health guidelines. Scripps aims to continue this long-standing tradition while adapting to current conditions, partnering with local sponsors and school bees for participation.
The E.W. Scripps Company (NASDAQ: SSP) announced that Rich Boehne will retire as chairman and from the board after May 3, 2021. Kim Williams, the board's independent lead director since 2018, will assume the chair position. Boehne served 13 years as a director and eight as chairman, playing a pivotal role in the company's evolution, including the 2008 spin-off of Scripps Networks Interactive. He emphasized Scripps' commitment to shareholders and communities. Williams brings over 25 years of investment management experience to her new role, aiming to guide the company in a changing media landscape.
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.