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.
The E.W. Scripps Company reports developments across its local television stations, national networks, sports media rights and balance-sheet initiatives. The company operates one of the largest local TV station portfolios in the U.S., reaches national audiences through Scripps News and entertainment brands including ION, Bounce, Grit, ION Mystery, ION Plus and Laff, and owns Scripps Sports.
Recurring Scripps news includes quarterly operating results, core advertising, political advertising and distribution revenue, station portfolio transactions, debt-reduction efforts and programming agreements. Coverage also includes Scripps Sports partnerships with professional and college sports properties, FAST channel initiatives, ION programming, and the company’s role as steward of the Scripps National Spelling Bee.
The E.W. Scripps Company (NASDAQ: SSP) will participate in the 16th Annual Needham Virtual Technology and Media Conference on May 20, 2021. CEO Adam Symson, CFO Jason Combs, and SVP Carolyn Micheli will present the company's business strategies. Symson will host a fireside chat at 9:30 a.m. Eastern, which will be webcast for public access. Interested parties can tune into the live audio from 9:30 to 10:10 a.m. on the Scripps website, with a replay available for 30 days.
Scripps, a major local TV broadcaster, operates 61 stations across 41 markets.
The E.W. Scripps Company (NASDAQ: SSP) reported a strong first quarter for 2021, achieving record revenue of $541 million, a 31% increase from the prior year. Local Media advertising rose 2%, while retransmission revenue grew 15%. The company completed its acquisition of ION and sold Triton for $230 million, enhancing its financial position. However, the first quarter showed a loss of $8.1 million, impacted by one-time costs related to acquisitions and restructuring. Looking ahead, Scripps anticipates revenue growth across its segments and plans to redeem $400 million in bonds to reduce debt.
On April 20, 2021, Court TV recorded over 400,000 viewers for the verdict in the Derek Chauvin trial, marking the highest viewership since the network's relaunch in May 2019. The peak viewership reached 402K during the verdict reading, ranking Court TV among the top 15 ad-supported cable networks for that time slot. Streaming numbers surged by more than 20 times during the trial and 40 times during the verdict. The trial coverage was up +330 percent compared to previous averages, demonstrating significant audience engagement and interest.
The Scripps Howard Foundation announced the winners of the 68th Scripps Howard Awards, recognizing excellence in journalism from 2020. A panel selected winners from nearly 900 entries, emphasizing the crucial role of independent reporting during a tumultuous year. The New York Times Visual Investigations Team received the prestigious Impact Award for its significant contributions to the discourse on systemic racism. The foundation awarded a total of $160,000 to various journalists and organizations, with a virtual awards show scheduled for rebroadcast on May 8-9.
The National Association of Broadcasters (NAB), in collaboration with The E.W. Scripps Company, Fincons Group, and the News Literacy Project, is launching a demonstration at the NAB Show to showcase how NextGen TV can help combat misinformation. The initiative, part of a session on April 21, highlights the interactive capabilities of ATSC 3.0, allowing local newsrooms to engage audiences through quizzes, polls, and educational content. This innovative approach aims to empower viewers in discerning credible news sources, reinforcing the essential role of broadcasters in promoting news literacy.
The Scripps National Spelling Bee returns to television with new elements, as announced on April 19, 2021. Starting June 12, the competition will feature virtual preliminaries and a live finals event on July 8 at Walt Disney World Resort. For the first time, a word meaning component will be included in live broadcasts, enhancing the focus on literacy. A spell-off option will also be available if a champion has not been determined. Scripps is committed to safety protocols amid the pandemic while promoting educational engagement.
The E.W. Scripps Company (NASDAQ: SSP) will release its first-quarter 2021 operating results on May 7, 2021, before Nasdaq trading begins. A conference call with senior management will occur the same day at 9:30 a.m. Eastern time, which will be accessible via a live webcast on their investor relations page. For those wishing to participate by phone, the U.S. number is (844) 867-6169, with an access code of 3859521. A replay of the call will be available until May 21, 2021, with specific numbers provided for access.
The E.W. Scripps Company (NASDAQ: SSP) plans to redeem $400 million in 5.125% senior notes due 2025, with cash on hand. The redemption, scheduled for May 15, 2021, will occur at a price of 102.563% of the principal amount, plus accrued interest. This initiative reflects Scripps' commitment to reducing debt incurred from strategic acquisitions. The company aims to expedite this process following the sale of digital audio assets and a record in political advertising revenue.
Bounce, the premier entertainment network for African Americans, will launch the fifth season of Saints & Sinners on April 11 at 9:00 p.m. ET/PT. The new episodes follow the events of the film Judgment Day, aired in February. The series returns with a star-studded cast including Gregory Alan Williams and Vanessa Bell Calloway, highlighting themes of power, greed, and corruption within a Southern church setting. Bounce will air daily marathons of all previous seasons leading up to the premiere. The series is produced by Swirl Films in partnership with Bounce and is part of The E.W. Scripps Company (NASDAQ: SSP).
The E.W. Scripps Company (NASDAQ: SSP) is set to launch Newsy as a free over-the-air (OTA) news network on October 1, 2021, reaching 80% of U.S. TV homes. This expansion aims to attract cord-cutting viewers seeking quality journalism, particularly millennials. Newsy will provide objective reporting, building on its success in the OTT marketplace. The network's headquarters will be in Atlanta with multiple bureaus nationwide, enhancing its newsgathering capabilities. This move could solidify Scripps' position in the competitive news landscape.