Scripps E W Co Ohio (SSP) Stock News

The E.W. Scripps Company (NASDAQ: SSP) has appointed Brian Joyce as the new vice president and general manager for KMGH, the ABC affiliate in Denver, effective May 8, 2023. Joyce brings over 25 years of broadcasting experience and previously served as vice president and general manager at KPAX in Missoula, Montana. His leadership is recognized for fostering collaboration and community engagement. Joyce is expected to enhance the Denver station's connection with the audience and advertisers. He replaces Dean Littleton, who transitioned to oversee Scripps' local stations. Joyce holds a bachelor's degree in broadcast journalism from Oklahoma State University and has completed executive leadership training at The Wharton School of Business.

Court TV reported record viewership highs from the recent high-profile trials of Alex Murdaugh and Gwyneth Paltrow. Following this surge, a new docuseries titled "Accomplice to Murder with Vinnie Politan" is set to premiere on May 7, 2023, at 8 p.m. The series will explore the roles of accomplices in murder cases, featuring stories from individuals connected to infamous trials over the past three decades. The first episodes will cover cases from Florida and Mississippi, highlighting complex narratives involving familial violence and wrongful accusations. Politan, a seasoned legal journalist, hosts the series, aiming to present a broader view of murder cases beyond just the main suspects.

The Women's National Basketball Association (WNBA) and The E.W. Scripps Company (NASDAQ: SSP) have entered a multi-year partnership to broadcast WNBA games on ION every Friday night during the regular season. This initiative, named 'WNBA Friday Night Spotlight on ION,' will run from May 26 to September 8, 2023, across 15 weeks.

This collaboration marks the WNBA as the first sports property featured on ION, allowing broader access for fans via over-the-air, pay TV, and connected TV services. Scripps plans to enhance visibility for women's basketball through robust promotional efforts across its various networks and local stations. WNBA Commissioner Cathy Engelbert emphasized the growing demand for game access, while Scripps CEO Adam Symson highlighted a commitment to elevating women's sports visibility.

Bounce, the entertainment network targeting African Americans, announced that its hit series "Act Your Age" will return on June 3, 2023, with two new episodes at 8 p.m. ET. This marks the continuation of its first season, consisting of 16 episodes. The show premiered in March, attracting 2.14 million viewers, making it Bounce's most-watched half-hour series debut. The sitcom features three women in their 50s navigating personal crossroads and stars notable actors like Kym Whitley and Tisha Campbell. Bounce will air double features of the first seven episodes starting April 29 and a marathon on May 27. The series is produced by MGM Television, aiming to capture a diverse audience with engaging content.

The E.W. Scripps Company (NASDAQ: SSP) will report its first-quarter 2023 operating results before market open on May 5, 2023. The earnings conference call will occur on the same day at 9:30 a.m. Eastern Time.

Investors can join the call via webcast or call (844) 867-6169 (U.S.) or (409) 207-6975 (international) with the access code 4229660. A replay will be available from 1:30 p.m. Eastern Time on May 5 until midnight June 5 via (866) 207-1041 (U.S.) and (402) 970-0847 (international) using the access code 8752910.

The company emphasizes its commitment to quality local journalism and operates a diverse portfolio of 61 stations across 41 markets, making it a significant player in the media landscape.

CINCINNATI, April 4, 2023 – The Scripps Howard Fund celebrated its 1 millionth book donation in the "If You Give a Child a Book ..." campaign by distributing 25,000 copies of "Dog Man: Twenty Thousand Fleas Under the Sea" to at-risk children. The Fund raised $1 million this year, providing 200,000 books nationwide, and surpassing 1 million books distributed since 2016. This initiative focuses on supporting literacy among children in Title 1 schools, emphasizing the importance of 10 age-appropriate books per child annually.

The new Bounce original series "Act Your Age" premiered on March 4, 2023, and drew in 2.14 million viewers, making it the most-watched half-hour series launch in Bounce history. The series features a storyline about three successful women in their 50s navigating life changes together. Starring Kym Whitley, Tisha Campbell, and Yvette Nicole Brown, the show airs weekly on Saturdays at 8 PM ET and will consist of 16 episodes, split into two parts. Its initial success is significant for Bounce's programming strategy and audience engagement.

The E.W. Scripps Company (NASDAQ: SSP) reported fourth-quarter 2022 revenue of $681 million, up 9.4% year-over-year, and segment profit of $204 million, a 21% increase. Growth was driven by political advertising and distribution revenues. Scripps plans a reorganization expected to save at least $40 million annually. Key developments included the launch of Scripps Sports and the incorporation of the Scripps News unit. Local Media revenues rose to $433 million, boosted by a record $106 million in political revenue. However, Scripps Networks revenue fell 9.2% due to macroeconomic challenges. Looking ahead, Local Media revenue is projected to decline in early 2023.

The E.W. Scripps Company (NASDAQ: SSP) has nominated Raymundo H. Granado and Monica O. Holcomb for election to its board of directors.

Granado, a private investor and philanthropist, has been involved in social impact initiatives, while Holcomb has directed the Scripps Family Impact Fund since its inception. They will replace Anne La Dow and Michael Scagliotti, who are stepping down after several years on the board.

The election will take place at the Scripps shareholder annual meeting on May 1. The board's size is expected to remain at 11 members.