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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 Scripps Howard Fund announced winners of the 71st Scripps Howard Journalism Awards, showcasing impactful journalism across 14 categories. The awards show, hosted by Scripps News anchor Christian Bryant, featured guest appearances from notable journalists. Winners include:
- The Boston Globe for Excellence in Audio Storytelling
- The Associated Press for Excellence in Breaking News
- The New York Times for Excellence in Business/Financial Reporting and Impact Award
- ProPublica for Excellence in National/International Investigative Reporting
The awards highlight journalism's power to change lives and shape the world, from investigations into the Supreme Court's influence to exposés on hidden dangers in medical equipment.
The E.W. Scripps Company (NASDAQ: SSP) has announced it will report its third-quarter 2024 operating results after market close on Thursday, November 7. A conference call with senior management will follow on Friday, November 8 at 9:30 a.m. Eastern time. Investors and analysts can access the call via webcast at http://ir.scripps.com/ or by phone using the access code 739969.
A replay of the call will be available from 12:30 p.m. Eastern time November 8 until midnight December 8. The replay can be accessed by phone or online. For media inquiries, contact Michael Perry at (513) 259-4718, and for investor relations, contact Carolyn Micheli at (513) 977-3732.
The Scripps Howard Fund's ninth annual 'If You Give a Child a Book …' campaign is set to invest a record-breaking $1.5 million in childhood literacy. This year's initiative will provide over 260,000 new books to children at low-income schools across the United States. The campaign focuses on reaching underserved children living in poverty, particularly those in kindergarten through third grade.
Supported by The E.W. Scripps Company (NASDAQ: SSP), its employees, communities, and Scripps family members, the campaign also received a 25,000-book donation from Scholastic. Through a partnership with Scholastic, Scripps' local stations and national networks distribute free books during book fairs, allowing children to choose books to take home. The Fund aims to provide 10 books annually to every student in partner Title I schools.
With this year's contributions, the total number of books distributed since 2016 will surpass 1.5 million. The Scripps Howard Fund invested more than $8.7 million in charitable gifts in 2023 for journalism education, childhood literacy, and community giving.
Court TV announces a new original series, 'Interview With a Killer', premiering Sunday, Oct. 20 at 8 pm ET. Veteran journalist David Scott conducts face-to-face interviews with five convicted murderers, four of whom have not spoken publicly about their convictions. The series, executive produced by Ethan Nelson and Zach Toombs, will air on Sunday nights.
The five-episode series covers various high-profile cases, including:
- 'A Double Life' (Oct. 20): Brian Steven Smith's secret life as a serial killer
- 'Honor Killings' (Oct. 27): Yaser Said's first interview since conviction
- 'Catfishing for Murder' (Nov. 3): Denali Brehmer's exclusive interview
- 'The Blackout Killer' (Nov. 10): Bo Pete Jeffrey's new story
- 'Teenage Rage' (Nov. 17): Tyler Hadley's chilling confession
This series is part of Court TV's fall primetime lineup, which also includes 'VPI: Vinnie Politan Investigates' and the second season of 'Victim to Verdict with Ted Rowlands'.
Scripps News has won a national news Emmy Award for its investigation "Poisoned Water," which examined the Flint, Michigan, water crisis. The award was announced during the 45th News and Documentary Emmy Awards. Scripps News won in the Outstanding Investigative News Coverage: Short Form category, competing against CNN, CBS, NBC, and The New York Times.
President of News at Scripps, Kate O'Brian, praised the team's work. The team included Carrie Cochran, Mark Greenblatt, Amy Fan, Colin McIntyre, Rosie Cima, Max McClellan, Linda Pattillo, and Steve Turnham. The investigation revealed that many Flint residents were still exposed to lead-contaminated water due to unreplaced corroded pipes.
Additionally, Scripps News' "In Real Life" series received a nomination for its documentary "Voices of Nature," and another investigation, "Fentanyl: The Silent Toll," was nominated for Outstanding Research.
The Florida Panthers, ViewLift, and Scripps Sports have launched 'Panthers Plus,' a new streaming platform for Panthers games and content. Available in the Florida broadcast territory, the service offers access to 70 live, locally-produced Panthers games for $69.99 per season. The platform is accessible on various devices, including web browsers, iOS, Android, AppleTV, Roku, and Amazon Fire TV.
Four preseason games will be available for free starting September 27. The service aims to enhance fan engagement by providing multiple viewing options, including on-demand video and original Panthers programs. It's designed as an alternative for cord-cutters and streaming enthusiasts. Scripps Sports will distribute games over the air and by cable from Key West to the Treasure Coast and in Ft Myers.
The E.W. Scripps Company (NASDAQ: SSP) will participate in the 32nd annual Deutsche Bank Leveraged Finance Conference in Scottsdale, Arizona, on September 24, 2024. Jason Combs, chief financial officer, and Rebecca Riegelsberger, treasurer and senior vice president of tax, will represent the company, meeting with investors and delivering a presentation.
The presentation is scheduled for 1:35 p.m. Pacific time (4:35 p.m. Eastern time) on Tuesday. Live audio will be available on the Scripps website under the "investor information" section. A replay will be accessible for approximately 90 days under "audio/video links."
The conference is held at The Phoenician, and registration is required. For investor inquiries, contact Carolyn Micheli at 513-977-3732 or carolyn.micheli@scripps.com.
The WNBA on ION, part of The E.W. Scripps Company (NASDAQ: SSP), saw a significant increase in viewership during the 2024 season. Average viewership doubled with a 133% increase from 2023, reaching 670,000 viewers per game. The network attracted 23.37 million unique viewers across games and wrap shows, up from 12.3 million last year. Notably, the male audience (ages 25-54) grew by 181%.
ION broadcast a WNBA-high 43 regular-season games and 67 hours of content, including a new studio show. Seven telecasts exceeded an average of 1 million viewers. The network also delivered the largest percentage of female audience among networks airing WNBA games, with 50% of the 18-49 audience and 45% of the total audience being female.
The Scripps Howard Fund has announced finalists for the 71st Scripps Howard Journalism Awards, set to honor excellence in American journalism on October 20, 2024. The prestigious competition received 775 entries across 14 categories, with winners to be revealed during a special program on Scripps News. The awards will distribute $170,000 in prize money to winning news organizations and journalists.
Categories include Excellence in Audio Storytelling, Breaking News, Business/Financial Reporting, Environmental Reporting, and Investigative Reporting, among others. The coveted Impact Award will be chosen from finalists across all categories, honoring journalism with the greatest impact. Additionally, two journalism education awards were announced in partnership with the Association for Education in Journalism and Mass Communication.
The E.W. Scripps Company (NASDAQ: SSP) has promoted Sean Franklin to vice president and general manager for WLEX, their NBC affiliate in Lexington, Kentucky, effective Sept. 16, 2024. Franklin, who has been the station's director of engineering since 2019, brings extensive experience in local media leadership. His career at WLEX spans various roles, including production manager and operations manager. Prior to joining Scripps, Franklin served as vice president of engineering for Cordillera Communications, overseeing a 12-station engineering group. This promotion aligns with Scripps' commitment to fostering employee growth and development within the company.
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