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 (NASDAQ: SSP) news page on Stock Titan highlights company announcements, media programming updates, strategic actions and capital markets disclosures. Scripps describes itself as a diversified media company and one of the nation’s largest local TV broadcasters, with more than 60 stations in over 40 U.S. markets and national brands such as Scripps News, Court TV, ION, ION Plus, ION Mystery, Bounce, Grit and Laff.
News items for SSP often include updates on local station leadership, such as appointments at Scripps-owned affiliates, programming changes on national networks and new original series on Court TV. Coverage also reflects Scripps’ role in legal and true-crime reporting, with Court TV announcing primetime lineups and docuseries that revisit high-profile trials and major court cases.
Investors and media watchers can also follow Scripps Sports announcements, where the company details new and expanded partnerships with professional and college sports properties. Recent releases have described agreements that bring leagues like the Pro Cheer League and women’s professional soccer to national audiences on ION and local Scripps stations, as well as local broadcast deals for new franchises.
In addition, Scripps uses news releases to communicate about earnings call schedules, responses to unsolicited acquisition proposals, shareholder rights plans and other governance matters. By reviewing the SSP news feed, readers can see how Scripps manages its portfolio of local stations, national networks and sports rights, and how its board addresses strategic proposals and capital structure decisions over time.
The E.W. Scripps Company (NASDAQ: SSP) has announced a cash dividend for Q3 2020, set at 5 cents per share. Shareholders on record by Sept. 15, 2020, will receive this dividend, payable on Sept. 25, 2020. The payment will come out of the company’s surplus funds. Operating as the fourth-largest independent TV station owner in the U.S., Scripps serves audiences through multiple platforms including Newsy and various broadcast networks.
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.
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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.
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