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.
Court TV has unveiled its fall primetime lineup, featuring new and returning original series. The network's newest show, 'Vinnie Politan Investigates', will air weeknights at 9 p.m. ET, exploring high-profile cases. The second season of 'Victim to Verdict with Ted Rowlands' debuts on September 8 at 8 p.m. ET, covering major moments from recent high-profile cases.
The lineup includes episodes on the Johnny Depp v. Amber Heard civil case, the murder of Ahmaud Arbery, the trial of Kyle Rittenhouse, and the Alec Baldwin 'Rust' case. Court TV will also cover upcoming trials, including those of Sarah Boone and Donna Adelson in Florida, and Richard Allen, the alleged Delphi murderer, in Indiana.
The Scripps Howard Fund is doubling its impact for National Literacy Month on Sept. 4, 2024, by matching the first $175,000 donated to the "If You Give a Child a Book ..." campaign. For every $12 donated, two books are given to a child in need. The campaign, supported by The E.W. Scripps Company (NASDAQ: SSP), focuses on distributing free books to underserved children in kindergarten through third grade.
The Fund brings Scholastic Book Fairs to Title 1 schools, allowing students to choose their own books. In 2023, the campaign raised a record-breaking $1.2 million and has distributed over 1.25 million books since its 2016 launch. The Scripps Howard Fund aims to provide 10 books annually to each student in partnering low-income schools, emphasizing the critical importance of literacy by third grade.
The E.W. Scripps Company (NASDAQ: SSP) has been awarded three prestigious 2024 National Edward R. Murrow Awards for outstanding journalism. Scripps News received two awards in the television network category: one for 'continuing coverage' with 'In Real Life: Injected,' an investigation into ketamine use by paramedics, and another for 'excellence in innovation' with 'Russia's Ghost Fleet,' uncovering covert Russian operations in Ukraine. WTVR in Richmond, Virginia, won in the small-market television category for 'news documentary' with 'Reopen the case: Center Street,' investigating unsolved deaths in Lunenburg, Virginia.
These awards highlight Scripps' commitment to impactful journalism across national and local newsrooms. The winners will be celebrated at the Edward R. Murrow Awards Gala in New York City on October 14, 2024.
The Florida Panthers, reigning NHL Stanley Cup Champions, have partnered with ViewLift to launch a new direct-to-consumer streaming service. This multi-year alliance will allow fans to stream all locally-available games live on major devices, including web, mobile, and connected TV platforms. In collaboration with Scripps Sports, games will also be distributed via local broadcast stations.
The new service aims to enhance fan engagement by offering multiple viewing options, including live game content, on-demand video, and original programs. ViewLift, already working with other NHL teams, will create Panthers-branded properties across multiple platforms. The streaming service will launch for the upcoming season, with more features to be announced later.
The E.W. Scripps Company (NASDAQ: SSP) reported Q2 2024 financial results with $574 million in revenue, down 1.6% year-over-year. The company posted a loss of $13 million or $0.15 per share. Scripps raised its 2024 Local Media election-year political advertising revenue outlook to $270-$290 million, driven by U.S. Senate races and ballot issues. The Scripps Networks' national advertising upfront sales saw low single-digit percent volume increases. Local Media revenue grew 3.6% to $365 million, while Scripps Networks revenue declined 9.7% to $209 million. The company's total debt stood at $2.9 billion as of June 30, 2024.
The E.W. Scripps Company (NASDAQ: SSP) has promoted John Cook to vice president and general manager for KTNV, the Scripps-owned ABC affiliate in Las Vegas, effective Sept. 3, 2024. Cook, previously serving as senior director of sales for WXYZ and WMYD in Detroit, will lead the Las Vegas station, bringing extensive experience in local media and sales leadership.
Cook's background includes roles at Graham Media Group's WDIV in Detroit and experience in direct mail and print advertising sales. He has been recognized for his ability to navigate the changing media landscape and deliver strong revenue results. Cook is also actively involved in industry leadership, serving on the ABC Sales Advisory Board and as a board member of the Better Business Bureau Serving Eastern Michigan.
Bounce TV's hit dramedy 'Johnson' returns for its fourth season on August 3, 2024, airing Saturday nights at 8 p.m. ET/7 p.m. CT. The show, focusing on four best friends sharing the same last name, explores themes of love, self-discovery, and brotherhood, tackling issues like race, mental health, and relationship dynamics.
Produced by A Bird & A Bear Entertainment and Midnight Train Productions, 'Johnson' features an ensemble cast led by Thomas Q. Jones, Deji LaRay, Philip Smithey, and Derrex Brady, with D.L. Hughley. Viewers can catch up on previous seasons through Brown Sugar, Bounce's subscription video-on-demand service.
North Island Credit Union launched a book drive to promote childhood literacy among students in Title 1 schools in San Diego. Partnering with the Scripps Howard Fund and ABC 10News, the drive runs through August 31st and encourages community members to donate new books suitable for kindergarten through elementary school students at any North Island Credit Union branch in San Diego County.
All collected books will benefit students in low-income households, aiming to bridge the literacy gap. The initiative is part of the 'If You Give a Child a Book...' campaign, which has distributed over 1,000,000 books since 2016. Participants can also make monetary donations to purchase books for students.
Additionally, the Credit Union and ABC 10News hold monthly 'mini' book fairs in partnership with the San Diego Council on Literacy, providing free books to students. More information and donation options are available on the Credit Union’s website.
The E.W. Scripps Company (NASDAQ: SSP) reported minimal impact from a global IT outage that occurred overnight. Despite the incident, the majority of Scripps' 40+ local news operations maintained uninterrupted broadcasts, with none going completely off-air. Scripps News experienced only a brief 10-minute interruption. By 8 a.m. EDT, most stations resumed local news broadcasts, and all were operational by noon.
The company's swift recovery and the overnight timing of the outage resulted in no significant effect on advertising revenue. This demonstrates Scripps' resilience and effective crisis management in maintaining its broadcasting operations and protecting its revenue streams during unexpected technical challenges.
The E.W. Scripps Company (NASDAQ: SSP) announced it will report its second-quarter 2024 operating results after the market closes on Thursday, Aug. 8. A conference call with senior management is scheduled for 9:30 a.m. Eastern time on Friday, Aug. 9, with a live webcast available on the company's investor relations website. The call can be accessed via phone with specific access codes provided. A replay of the call will be available both by phone and online from Aug. 9 to Sept. 9. Contact details for media and investor inquiries were also provided.
FAQ
What is the current stock price of Scripps E W Co Ohio (SSP)?
What is the market cap of Scripps E W Co Ohio (SSP)?
What is The E.W. Scripps Company?
Which segments form the core of Scripps' business?
How does Scripps generate its revenue?
What distinguishes Scripps' local media operations?
How is Scripps adapting to digital transformation?
What role does investigative journalism play at Scripps?
How does Scripps maintain its reputation for trustworthiness?
