Scripps E W Co Ohio Stock Price, News & Analysis

The E.W. Scripps Company (NASDAQ: SSP) has promoted Matthew Hijuelos to vice president of distribution, effective Jan. 1. He will oversee distribution across Scripps platforms, including cable, satellite, virtual carriers, and multicast spectrum. Currently serving as senior director of media distribution, Hijuelos has led streaming distribution efforts and helped grow annual connected TV advertising revenue.

Hijuelos joined Scripps in 2021 through its ION acquisition, where he was vice president of business distribution. He previously worked at Akamai Technologies for nearly 20 years in business development leadership roles. Based in New York, he will replace Robin Davis, who is retiring at year-end.

KGTV ABC 10News, owned by The E.W. Scripps Company (NASDAQ: SSP), has been awarded the National Press Foundation's 2024 AARP Award for Excellence in Journalism on Aging for their series 'Cost of Care'. The yearlong investigation focused on the financial and emotional impact of dementia care in the U.S. The reporting has prompted lawmakers at state and federal levels to call for significant changes in support of caregivers. The series, led by Executive Reporter Adam Racusin, was praised by NPF judges for its deep, trustworthy interviews and comprehensive coverage. The reporting team will be honored in Washington, D.C., in February.

The E.W. Scripps Company (NASDAQ: SSP) announced that CFO Jason Combs will participate in a fireside chat at the Noble Emerging Growth Equity Conference (NobleCon20). The session, scheduled for December 3 at 11 a.m. Eastern time, will be held at Florida Atlantic University in Boca Raton, Florida, where Combs will discuss company business strategies with Noble Director of Research Michael Kupinski. While there won't be a live webcast, a replay will be available under the investor information section at www.scripps.com by December 4.

Scripps News (NASDAQ: SSP) is launching a new streaming programming lineup on November 18, following its exit from over-the-air broadcasting on November 15. The network will provide live weekday programming from 7 a.m. to 6 p.m., featuring shows like 'The National Report,' 'Morning Rush,' and 'On the Scene.' Under the leadership of VP Matt Simon, Scripps News has seen a 44% year-over-year growth in streaming viewership. The network will debut special programs including 'In the Shadows with Jason Bellini' and maintain distribution across major streaming platforms including Roku, Fire TV, Apple TV, and various others.

The E.W. Scripps Company (NASDAQ: SSP) has announced the promotion of Teresa Morgan to vice president and general manager for WFTS, their ABC affiliate in Tampa, effective Jan. 1. Morgan, who has been with WFTS since 2003, currently serves as station manager and senior director of sales. She has progressed through various roles at the station, including senior account executive, local sales manager, and director of sales. The company will begin searching for a new director of sales immediately.

The National Women's Soccer League's first season on ION reached 20.5 million total unique viewers, with 13.5 million unique to ION. The network broadcast 50 matches and 53 studio shows, delivering over 130 hours of content. ION achieved the highest female viewership percentage (57% of P25-54) among all networks and attracted 50% of all NWSL viewers. Matches averaged 145,000 viewers per game, peaking at 234,000. The network generated over 3.6 million viewing hours across FAST channels and secured multiple advertising partnerships, including Capital One as presenting sponsor.

The E.W. Scripps Company (NASDAQ: SSP) has rescheduled its third-quarter 2024 operating results conference call to 10 a.m. Eastern time on November 4, 2024, due to a technical outage affecting their conference line provider's systems. The company will provide a live webcast accessible through their investor relations website. Investors can join via telephone by dialing (877) 848-7030 with access code 3725517. The call will be available on a listen-only basis for the public, with a replay accessible online after approximately four hours.

E.W. Scripps reported record Q3 2024 revenue of $646 million, up 14% year-over-year, driven by strong political advertising. Income attributable to shareholders was $33 million or $0.37 per share. The company expects full-year political advertising revenue to reach at least $340 million, exceeding previous guidance of $270-$290 million. During Q3, Scripps paid down $115 million of debt, reducing leverage ratio from 6.0x to 5.1x. The Local Media segment revenue grew 26% to $446 million, while Scripps Networks revenue declined 6.4% to $202 million.

E.W. Scripps (NASDAQ: SSP) has rescheduled its third-quarter 2024 operating results release to Monday, November 4, before markets open, moving it forward from the previously scheduled date of November 8. The company will host a conference call with senior management at 9 a.m. Eastern time on the same day.

Investors can access the live webcast through the company's investor relations website, while telephone access requires the access code 739969. A replay will be available from 12:30 p.m. Eastern time November 4 until midnight December 4, with both domestic and international dial-in options.