Scripps E W Co Ohio Stock Price, News & Analysis

E.W. Scripps (NASDAQ: SSP) reported Q2 2025 financial results with revenue of $540 million, down 5.8% year-over-year. The company posted a net loss of $51.7 million, or 59 cents per share. Key developments include closing a $750 million senior secured notes placement at 9.875%, a strategic station swap with Gray Media, and renewal of the WNBA broadcast partnership.

The Local Media division revenue was $335 million, down 8.3%, while Scripps Networks revenue reached $206 million, down 1.4%. The company's net leverage ratio improved to 4.4x from 4.9x in Q1. Scripps Sports strategy showed positive results, with WNBA viewership on ION increasing by 133% and streaming/connected TV revenue growing 57% in Q2.

[ "Successfully placed $750 million in new senior secured notes for debt refinancing", "Net leverage ratio improved to 4.4x from 4.9x in Q1 2025", "Scripps Networks segment profit increased to $55.9M from $37.7M year-over-year", "Streaming/connected TV revenue grew 57% in Q2", "WNBA viewership on ION increased 133% over 2023", "Strategic station swap with Gray Media to create new duopolies and improve market financials" ]

The E.W. Scripps Company (NASDAQ: SSP) has appointed Sandy Padula as vice president, head of enterprise research and consumer insights. In this newly created position, Padula will lead enterprise-wide research initiatives across Scripps' portfolio of national networks and over 60 local TV stations.

Padula, formerly senior vice president of research and consumer insight at WarnerMedia Entertainment, brings decades of media research experience. She will focus on developing advanced advertising tools and leveraging audience intelligence to enhance campaign effectiveness. Based in Atlanta, Padula will report to Keisha Taylor Starr, Scripps' chief marketing officer and general manager of Scripps Networks.

E.W. Scripps (NASDAQ: SSP) has priced an upsized offering of $750 million in senior secured second-lien notes, representing a $100 million increase from the initially announced amount. The notes will carry a 9.875% interest rate and mature in 2030.

The proceeds will be used to redeem all outstanding 5.875% senior notes due 2027, pre-pay part of the term loan B-2 facility due 2028, repay a portion of revolving credit facilities, and cover transaction fees. The notes will be guaranteed by certain subsidiaries and secured by company assets.

Scripps, a diversified media company, operates over 60 local TV stations across 40+ markets and owns national brands including Scripps News, Court TV, and ION.

E.W. Scripps (NASDAQ: SSP) has announced a private offering of $650 million in senior secured second-lien notes due 2030. The proceeds will be used to redeem all outstanding 5.875% senior notes due 2027 and prepay a portion of the term loan B-2 facility due 2028.

The notes will be guaranteed by certain subsidiaries and secured by company assets. The offering is limited to qualified institutional buyers under Rule 144A and non-U.S. persons under Regulation S. Scripps operates as a diversified media company with over 60 TV stations across 40+ markets, including national brands like Scripps News, Court TV, and ION.

The E.W. Scripps Company (NASDAQ: SSP) has scheduled its second-quarter 2025 earnings release for August 7, 2025, after market close. The company will host a conference call with senior management on Friday, August 8, 2025, at 9 a.m. Eastern time.

Participants can access the live webcast through the company's investor relations website. For phone access, both analysts and general listeners must pre-register through specific web links to receive their dial-in numbers and PIN codes. A replay of the conference call will be available on the company's website approximately four hours after the call.

Gray Media (NYSE: GTN) and The E.W. Scripps Company (NASDAQ: SSP) have announced a strategic television station swap across five markets. Gray will acquire Scripps' WSYM (Fox) in Lansing, Michigan and KATC (ABC) in Lafayette, Louisiana. In exchange, Scripps will receive Gray's stations in Colorado Springs, Grand Junction, and Twin Falls.

The transaction involves an even exchange of comparable assets with no cash consideration. Both companies expect to create new duopolies and strengthen their regional presence. The deal is anticipated to close in Q4 2025, pending regulatory approvals. Gray plans to expand news staff and increase live local newscasts at its newly acquired stations, while Scripps aims to enhance local sports and news coverage in its growth markets.

[ "Creation of new duopolies strengthening market presence for both companies", "No cash consideration required due to even exchange of comparable assets", "Gray plans to expand news staff and increase local news coverage", "Strategic geographic consolidation for both companies in their strong regions", "Potential operational efficiencies through market scale improvements" ]

The E.W. Scripps Company (NASDAQ: SSP) has secured a new multi-year agreement with the WNBA to continue broadcasting Friday night games on ION network. ION, which reaches over 128 million homes through various platforms, will remain the league's Friday night national network home. The network currently broadcasts 50 regular season games through its WNBA Friday Night Spotlight series, including the WNBA on ION Studio Show. The renewal follows impressive 2024 viewership metrics, with average viewership increasing 133% year-over-year and attracting over 23 million unique viewers. ION's extensive reach includes pay TV, connected TV, free ad-supported streaming platforms, and over-the-air broadcasting.

The Scripps Howard Fund has announced winners of the 72nd Scripps Howard Journalism Awards, recognizing outstanding journalism across 12 categories. The competition awarded $140,000 in total prize money to winning news organizations and journalists. STAT received the prestigious Impact Award for their investigation 'Health Care's Colossus' which exposed UnitedHealth's practices of monetizing patients and reducing competition. Other notable winners include KUOW Public Radio for Audio Storytelling, The Boston Globe for Business Reporting, and FRONTLINE PBS for Local Video Storytelling. The awards showcase impactful journalism ranging from financial mismanagement investigations to environmental reporting and human interest storytelling. Winners will receive prize money, trophies, and travel stipends to present their work to journalism students at participating universities.

Faizan Zaki, a 13-year-old from Allen, Texas, won the 2025 Scripps National Spelling Bee by correctly spelling 'éclaircissement' in round 21. This marks Zaki's fourth participation in the competition, having finished second in 2024, 21st in 2023, and 370th in 2019. As champion, Zaki receives a $50,000 cash prize from Scripps, along with additional prizes including $2,500 from Merriam-Webster and other rewards. Sarvadnya Kadam from California placed second, winning $25,000, while Sarv Dharavane from Georgia secured third place with $15,000. The 97th edition of the competition featured 242 spellers and was broadcast on Scripps Networks, including ION, Bounce, and other channels.