STOCK TITAN

Scripps' business not significantly affected by global IT outage

Rhea-AI Impact
(Low)
Rhea-AI Sentiment
(Neutral)
Tags

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.

L'E.W. Scripps Company (NASDAQ: SSP) ha segnalato un impatto minimo a seguito di un'interruzione globale dei servizi IT avvenuta durante la notte. Nonostante l'incidente, la maggior parte delle oltre 40 operazioni di notizie locali di Scripps ha mantenuto le trasmissioni ininterrotte, senza che alcuna andasse completamente off-air. Scripps News ha subito solo una breve interruzione di 10 minuti. Entro le 8 del mattino EDT, la maggior parte delle emittenti ha ripreso le trasmissioni di notizie locali e tutte erano operative entro mezzogiorno.

Il rapido recupero dell'azienda e il momento notturno dell'interruzione hanno comportato nessun effetto significativo sui ricavi pubblicitari. Questo dimostra la resilienza di Scripps e l'efficace gestione della crisi nel mantenere le sue operazioni di trasmissione e proteggere le sue fonti di reddito di fronte a sfide tecniche inaspettate.

La E.W. Scripps Company (NASDAQ: SSP) informó de un impacto mínimo tras una interrupción global del servicio de TI que ocurrió durante la noche. A pesar del incidente, la mayoría de las más de 40 operaciones de noticias locales de Scripps mantuvieron transmisiones ininterrumpidas, sin que ninguna saliera completamente del aire. Scripps News experimentó solo una breve interrupción de 10 minutos. Para las 8 a.m. EDT, la mayoría de las estaciones reanudó las transmisiones de noticias locales y todas estaban operativas para el mediodía.

La rápida recuperación de la empresa y el momento nocturno de la interrupción resultaron en ningún efecto significativo en los ingresos publicitarios. Esto demuestra la resiliencia de Scripps y una gestión de crisis efectiva al mantener sus operaciones de transmisión y proteger sus fuentes de ingresos durante desafíos técnicos inesperados.

E.W. Scripps Company (NASDAQ: SSP)는 밤사이 발생한 글로벌 IT 중단으로 인한 영향이 미미하다고 보고했습니다. 사건에도 불구하고 Scripps의 40개 이상의 지역 뉴스 운영의 대부분은 중단 없는 방송을 유지했으며, 완전히 방송이 중단된 곳은 없었습니다. Scripps News는 단 10분의 짧은 중단만 겪었습니다. 동부 표준시 기준 오전 8시까지 대부분의 방송국은 지역 뉴스 방송을 재개했으며, 모든 방송국은 정오까지 운영을 시작했습니다.

회사의 신속한 회복과 야간의 중단 시점 덕분에 광고 수익에 대한 중대한 영향이 없었습니다. 이는 Scripps의 회복력과 예기치 않은 기술적 문제속에서도 방송 운영을 유지하고 수익원을 보호하는 효과적인 위기 관리 능력을 보여줍니다.

La E.W. Scripps Company (NASDAQ: SSP) a signalé un impact minimal suite à une panne mondiale des services informatiques survenue durant la nuit. Malgré cet incident, la majorité des plus de 40 opérations d'informations locales de Scripps ont maintenu leurs émissions ininterrompues, aucune n'étant totalement hors de l'antenne. Scripps News a subi seulement une brève interruption de 10 minutes. À 8 heures EDT, la plupart des stations avaient repris leurs émissions d'actualités locales et toutes étaient opérationnelles d'ici midi.

La rapide récupération de l'entreprise et le moment nocturne de la panne ont entraîné aucun impact significatif sur les revenus publicitaires. Cela démontre la résilience de Scripps et une gestion de crise efficace pour maintenir ses opérations de diffusion et protéger ses flux de revenus face à des défis techniques inattendus.

Die E.W. Scripps Company (NASDAQ: SSP) meldete, dass die Auswirkungen einer globalen IT-Ausfallzeit, die über Nacht auftrat, minimal waren. Trotz des Vorfalls haben die meisten von Scripps über 40 lokalen Nachrichtenoperationen ihre Sendungen ununterbrochen fortgesetzt, ohne dass eine vollständig vom Netz ging. Scripps News hatte nur eine kurze Unterbrechung von 10 Minuten. Bis 8 Uhr EDT hatten die meisten Stationen ihre lokalen Nachrichtenübertragungen wieder aufgenommen, und bis Mittag waren alle betriebsbereit.

Die schnelle Erholung des Unternehmens und die nächtliche Ausfallzeit führten zu keinen erheblichen Auswirkungen auf die Werbeeinnahmen. Dies zeigt Scripps' Resilienz und effektives Krisenmanagement in der Aufrechterhaltung ihrer Rundfunkaktivitäten und dem Schutz ihrer Einnahmequellen während unerwarteter technischer Herausforderungen.

Positive
  • Quick recovery from IT outage with minimal disruption to operations
  • No significant impact on advertising revenue
  • Majority of local stations maintained uninterrupted broadcasts
  • All stations resumed broadcasting news by noon
Negative
  • Scripps News experienced a 10-minute off-air period

CINCINNATI, July 19, 2024 /PRNewswire/ -- The E.W. Scripps Company (NASDAQ: SSP) has not been significantly affected by the global IT outage that struck overnight. Scripps operates more than 40 local news operations as well as national networks ION and Scripps News, which was only off air for 10 minutes. Scripps was impacted by the outage, but the majority of its local stations' broadcast operations were not interrupted, and none went off the air completely. By 8 a.m. EDT, nearly all were able to air local news, and all were broadcasting news by noon. The company's ability to recover quickly and the timing of the incident overnight prevented Scripps' advertising revenue from being significantly affected. 

Contact: Carolyn Micheli, The E.W. Scripps Company, 513-977-3732, Carolyn.micheli@scripps.com

About Scripps
The E.W. Scripps Company (NASDAQ: SSP) is a diversified media company focused on creating a better-informed world. As one of the nation's largest local TV broadcasters, Scripps serves communities with quality, objective local journalism and operates a portfolio of more than 60 stations in 40+ markets. Scripps reaches households across the U.S. with national news outlets Scripps News and Court TV and popular entertainment brands ION, Bounce, Grit, ION Mystery and Laff. Scripps is the nation's largest holder of broadcast spectrum. Scripps is the longtime steward of the Scripps National Spelling Bee. Founded in 1878, Scripps' long-time motto is: "Give light and the people will find their own way."

Cision View original content to download multimedia:https://www.prnewswire.com/news-releases/scripps-business-not-significantly-affected-by-global-it-outage-302201789.html

SOURCE The E.W. Scripps Company

FAQ

How did the global IT outage affect Scripps' (SSP) broadcasting operations on July 19, 2024?

The global IT outage had minimal impact on Scripps' operations. Most local stations maintained uninterrupted broadcasts, with Scripps News experiencing only a 10-minute off-air period. By noon, all stations were broadcasting news.

Was Scripps' (SSP) advertising revenue affected by the IT outage on July 19, 2024?

Scripps reported that its advertising revenue was not significantly affected by the IT outage, due to the company's quick recovery and the overnight timing of the incident.

How many local news operations does Scripps (SSP) operate as of July 2024?

Scripps operates more than 40 local news operations, along with national networks ION and Scripps News.

How long did it take for Scripps (SSP) stations to resume local news broadcasts after the IT outage on July 19, 2024?

By 8 a.m. EDT on July 19, 2024, nearly all Scripps stations were able to air local news, and all stations were broadcasting news by noon.

The E.W. Scripps Company

NASDAQ:SSP

SSP Rankings

SSP Latest News

SSP Stock Data

173.96M
74.19M
17.45%
80.45%
4.45%
Broadcasting
Television Broadcasting Stations
Link
United States of America
CININNATI