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 (SSP), a leader in local journalism and multiplatform media since 1878, provides critical updates through this centralized news hub. Investors and industry observers will find official press releases, earnings reports, and strategic announcements essential for tracking SSP's position in broadcast television, digital content, and sports media.
This resource consolidates SSP's material developments, including acquisition activity, partnerships with major networks, and innovations in over-the-air broadcasting. Users gain access to verified information on leadership changes, regulatory filings, and content launches across Scripps News, Court TV, and ION platforms.
Regular updates ensure stakeholders stay informed about SSP's operational milestones in local advertising markets, spectrum utilization, and digital transformation initiatives. Bookmark this page for efficient monitoring of financial disclosures and corporate communications from one of America's most established media enterprises.
The E.W. Scripps Company (NASDAQ: SSP) announced its Q2 2020 results, reporting a revenue increase to $359 million, up 12% from the previous year. However, the company faced a loss from continuing operations of $17.5 million, contrasting with a profit of $5.8 million in Q2 2019. Key developments included the sale of its podcast business, Stitcher, for $325 million, and a 39% decline in core advertising revenue amid COVID-19 impacts. Political ad revenue reached $13.4 million, surpassing expectations, while the company dealt with a distributor blackout with Dish Network.
The E.W. Scripps Company (NASDAQ: SSP) announced that its local television stations in 42 markets are now unavailable to DISH subscribers. This situation arises as Scripps seeks to negotiate a new contract that includes fair terms for both parties, following five months of discussions. President Brian Lawlor emphasized the importance of their programming during critical times, including a global pandemic and severe weather warnings. Scripps, which has never had a blackout with any pay TV distributor since 1947, remains hopeful for a resolution.
The E.W. Scripps Company (NASDAQ: SSP) has appointed Sean Trcalek as the new vice president and general manager of KATC, its ABC affiliate in Lafayette, Louisiana. With over 30 years of experience in broadcasting and sales, Trcalek returns to KATC, where he began his career in 1989. His extensive background includes roles at KADN, KLAF, and major companies like Warner Brothers. Trcalek aims to align KATC's mission with local community needs and enhance its service to Acadiana.
The E.W. Scripps Company (NASDAQ: SSP) will announce its second-quarter 2020 operating results before the market opens on August 7, 2020. A conference call with senior management will take place at 9:30 a.m. Eastern time on the same day, which will be available via live webcast. Access details include a domestic dial-in number at (877) 226-8216 and an international number at (409) 207-6983, using access code 5646140. A replay of the call will be accessible from 12:30 p.m. Eastern on August 7 until midnight on August 21.
The E.W. Scripps Company (NASDAQ: SSP) has agreed to sell its podcast business, Stitcher, to SiriusXM for $325 million, resulting in over a 2x return on its investment over five years. The deal includes $265 million in cash upfront and potential earnouts based on 2020 and 2021 results. Stitcher's revenue grew at a CAGR of 52% from 2016 to 2019, reaching $72.5 million in 2019. This divestiture will enhance Scripps' EBITDA and aid in debt reduction, aligning with its strategy to capitalize on changing media habits.
The Society of Professional Journalists awarded two investigative pieces from The E.W. Scripps Company (NASDAQ: SSP) as 2019 Sigma Delta Chi Award winners. WKBW in Buffalo, New York, was recognized in the Investigative Reporting category for "The Malone Recordings," which unveiled cover-ups within the Catholic Diocese. Additionally, KNXV in Phoenix received the Public Service in Television Journalism award for its series "Abuse of Force," exposing misconduct in a local police department. Winners were announced on June 26, 2020, selected from nearly 1,200 submissions.
Court TV has launched its first serialized podcast series titled Murder and the Menendez Brothers: A Court TV Mystery on June 23, 2020. The podcast delves into the infamous murder case of Jose and Kitty Menendez, committed by their sons Erik and Lyle, exploring significant trial events. Hosted by Vinnie Politan, new episodes will be released every Tuesday for six weeks. Available on multiple platforms including Stitcher and Spotify, this series revives the high-profile Menendez case that shaped Court TV's early popularity.
The E.W. Scripps Company (NASDAQ: SSP) has appointed Ramon Pineda as vice president and general manager of its operations in Corpus Christi, Texas, effective June 29, 2020. With over 30 years in broadcasting and sales, Pineda previously served as president and regional director at Univision Communications. He has held notable roles at various stations including KTVW and WXTV. Local Media President Brian Lawlor praised Pineda's skills and community commitment. Pineda aims to expand KRIS's audience and deepen connections with the Corpus Christi community.
Court TV has announced a new original news special titled Black and Blue, scheduled to air on June 22 at 8:00 p.m. ET. This hour-long program will delve into the criminal justice system's historical relationship with African Americans, examining issues such as police-targeting practices and the implications of controversial laws. The special will feature discussions with notable figures, including lawyer David Otunga and activist Marissa Alexander, alongside coverage of high-profile cases like those of George Floyd and Trayvon Martin. It's a critical exploration of ongoing racial issues in the justice system.
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