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PWHL and Scripps Sports team up to bring Walter Cup Finals to national U.S. broadcast for first time

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(Very Positive)
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Scripps Sports (NYSE:SSP) and the Professional Women’s Hockey League will televise the PWHL Walter Cup Finals on ION in the United States, with the championship series scheduled for May and official game dates to follow once teams are confirmed.

ION’s distribution reaches 126 million U.S. households, and the league reports a 23% year-over-year increase in average attendance, approaching two million all-time fans.

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Positive

  • 126 million households potential U.S. reach via ION distribution
  • Average attendance +23% YoY, signaling stronger live interest
  • League nearing 2 million all-time fans, showing audience growth
  • First-ever national U.S. linear broadcast of the PWHL Walter Cup Finals

Negative

  • Official game dates not yet released, creating short-term scheduling uncertainty
  • No financial terms disclosed for broadcast rights, leaving revenue impact unclear

News Market Reaction – SSP

-6.63%
17 alerts
-6.63% Session close to close
+5.8% Peak Tracked
-3.9% Trough Tracked
$305.37M Market Cap
0.9x Rel. Volume

In the Mar 18 session, SSP declined 6.63%, reflecting a notable negative market reaction. Argus tracked a peak move of +5.8% during that session. Argus tracked a trough of -3.9% from its starting point during tracking. Our momentum scanner triggered 17 alerts that day, indicating notable trading interest and price volatility.

Data tracked by StockTitan Argus on the day of publication.

Market Context

The stock moved -6.6% in the session following this news. The decline reflects a recurring pattern i...
Analysis

The stock moved -6.6% in the session following this news. The decline reflects a recurring pattern in SSP where seemingly constructive sports and portfolio news has been followed by negative price moves, as seen after prior NWSL and PWHL announcements. Despite expanded access to the Walter Cup Finals across 126 million U.S. households and growing PWHL attendance of 23% year over year, the market has often focused on broader concerns tied to recent losses and balance-sheet commitments rather than the long-term potential of sports-rights initiatives.

Key Figures

ION household reach: 126 million U.S. households League seasons: Third season All-time fans: Two million fans +4 more
7 metrics
ION household reach 126 million U.S. households Distribution reach for PWHL Walter Cup Finals broadcasts
League seasons Third season PWHL now in its third season
All-time fans Two million fans PWHL approaching two million all-time fans
Attendance growth 23% year-over-year increase PWHL average attendance growth
Semifinal format Two best-of-five semifinals PWHL Walter Cup Playoffs structure
Finals format Best-of-five championship series Walter Cup Finals series format
Takeover Tour game date Saturday, March 28 First PWHL game on U.S. national linear TV

Historical Context

5 past events · Latest: Mar 12 (Positive)
Pattern 5 events
Date Event Sentiment 24h Move Catalyst
Mar 12 Sports partnership Positive -2.4% First-ever nationally televised PWHL game on ION with wide U.S. reach.
Mar 11 Sports coverage plans Positive -5.2% Expanded 2026 NWSL on ION schedule with tripleheaders and studio shows.
Mar 04 Station acquisition Positive +5.1% Agreement to buy WTVQ for $15.8M, creating Lexington duopoly and adding ION deals.
Mar 02 Station sale Positive -7.0% Sale of WFTX for $40M to help pay down debt and optimize portfolio.
Feb 25 Earnings release Negative +1.6% Q4 2025 loss of $44.9M and heavy debt despite transformation plan.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Pattern Detected

Recent SSP news, including sports rights and station portfolio moves, often showed price reactions that diverged from the seemingly constructive tone of the announcements, with only one of the last five events clearly aligning with a positive move.

Recent Company History

Over the past month, SSP announced several strategic steps. On Feb 25, Q4 2025 results showed $560M revenue and a $44.9M loss, alongside a transformation plan targeting $125–$150M EBITDA improvement by 2028. Since then, SSP completed a $40M station sale, agreed to a $15.8M acquisition, and detailed 2026 NWSL and PWHL broadcast partnerships reaching up to 126M U.S. homes. Despite this, several announcements were followed by negative 24-hour price moves, echoing today’s decline.

Key Terms

linear television, over-the-air, connected TV
3 terms
linear television technical
"first time in the United States. Official game dates will be announced once the final teams are confirmed, with the championship series scheduled for May. Live coverage of the PWHL finals will be available to fans in the United States through ION — accessible over-the-air, via pay TV, connected TV and free streaming platforms."
Linear television is traditional TV programming broadcast at scheduled times over the air, cable, or satellite, where viewers tune in to whatever is airing at that moment rather than picking shows on demand. Investors care because linear TV still drives large pools of advertising revenue, subscription fees and live-audience measurement; shifts in its viewership — like audiences moving to on-demand services — directly affect broadcasters’ and advertisers’ earnings and growth prospects.
over-the-air technical
"Live coverage of the PWHL finals will be available to fans in the United States through ION — accessible over-the-air, via pay TV, connected TV and free streaming platforms."
Over-the-air means sending data, software or updates wirelessly to devices without needing a physical connection or in-person visit, like receiving a new app or firmware update through your phone or car’s cellular connection. Investors care because it lets companies fix bugs, add features, or patch security remotely, reducing recall costs and boosting user experience and recurring revenue, while also introducing regulatory and cybersecurity risks that can affect value.
connected TV technical
"through ION — accessible over-the-air, via pay TV, connected TV and free streaming platforms."
A connected TV is a television that can access the internet and run online apps, streaming services, and digital content directly on the screen, much like a giant tablet or computer. For investors, it matters because it represents a shift in how people consume media, opening new opportunities for advertising, content creation, and revenue growth in the entertainment industry.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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ION to telecast Finals in May

CINCINNATI and NEW YORK, March 18, 2026 (GLOBE NEWSWIRE) -- In another milestone move for women’s professional sports, Scripps Sports and the Professional Women’s Hockey League (PWHL) will bring the PWHL Walter Cup Finals, presented by Scotiabank, to national linear television for the first time in the United States. Official game dates will be announced once the final teams are confirmed, with the championship series scheduled for May.

Live coverage of the PWHL finals will be available to fans in the United States through ION — accessible over-the-air, via pay TV, connected TV and free streaming platforms. With distribution reaching 126 million U.S. households, ION will deliver the league’s world-class talent and thrilling matchups for one of the largest American audiences in women’s hockey history.

Once the final regular-season standings are confirmed, the PWHL Walter Cup Playoffs will feature two best-of-five semifinals, with the winners advancing to a best-of-five championship series to compete for the Walter Cup. The Minnesota Frost will look to three-peat as the defending back-to-back Walter Cup champions.

Scripps President and CEO Adam Symson said the partnership with PWHL underscores Scripps’ existing commitment to women’s sports through its franchise nights for the Women’s National Basketball Association (WNBA) and the National Women’s Soccer League (NWSL).

“Coming off the electric energy of the Winter Olympics, where we watched Team USA capture gold in an unforgettable overtime thriller, Americans are hungry for more world-class women’s hockey. Fans shouldn’t have to wait another four years to experience this level of passion, skill and drama, so we’re keeping the momentum going by bringing the PWHL Walter Cup Finals to ION’s massive distribution platform,” said Symson. “At Scripps, we believe women’s sports deserve a national stage, and together with our league partners, we’re building one. We’re proud to add the Professional Women’s Hockey League to the Scripps Sports lineup.”

“The PWHL Walter Cup Finals are built for this kind of stage, and their debut on national television in the U.S. is another meaningful step in making our game easier to find and follow,” said Amy Scheer, PWHL executive vice president of business operations. “Scripps Sports has shown a true commitment to showing up for women’s sports in a tangible way, and this partnership is another example of that in action.”

Scrips Sports, Ally Financial and the PWHL announced on March 12 that ION will air the PWHL Takeover Tour™ game between the New York Sirens and Montréal Victoire in Detroit on Saturday, March 28 — the first PWHL game to air on national linear television in the United States. The pair of national broadcasts highlight the wave of unprecedented momentum for the PWHL. Now in its third season, the league is approaching two million all-time fans and seeing a 23% year-over-year increase in average attendance.

Being the first broadcaster to bring the PWHL Walter Cup Finals to a national audience builds on Scripps Sports’ track record as a first mover in women’s professional sports. Since 2023, Scripps has been the first to:

  • Create dedicated franchise nights for both the WNBA and the NWSL, giving fans a consistent place to find women’s sports.
  • Present weekly national doubleheaders for the WNBA (Friday Nights) and NWSL (Saturday Nights), making it easier than ever to follow the action.
  • Launch dedicated studio shows — including pre-game, halftime and post-game — supporting both leagues and telling the stories of their athletes with depth.

ION broadcasts more WNBA games and more NWSL matches than any other national broadcaster. The network’s women’s sports lineup also includes the Major League Volleyball Championship this May, as well as the Elevance Health Women’s Fort Myers Tip-Off and Athlos 2026 — both slated for later this year.

For more information on how to watch ION, visit iontelevision.com.

Media Contact Information

About Scripps Sports
Scripps Sports serves professional and college sports leagues, conferences and teams with local market depth and national broadcast reach. Scripps Sports has partnerships with the Women’s National Basketball Association (WNBA), the National Women’s Soccer League (NWSL), the Professional Women’s Hockey League (PWHL), Major League Volleyball (MLV), Pro Cheer League (PCL), ATHLOS track-and-field, the National Hockey League’s (NHL) 2020 and 2021 Stanley Cup champion Tampa Bay Lightning, 2024 and 2025 Stanley Cup champion Florida Panthers, 2023 Stanley Cup champion Vegas Golden Knights, the Utah Mammoth, the Las Vegas Aces of the WNBA, Denver Summit FC of the NWSL and the NCAA’s Big Sky Conference. Scripps Sports is owned by The E.W. Scripps Company (NASDAQ: SSP).

About ION
A leading general entertainment and sports network, ION’s lineup features major cable and broadcast shows, original series, live sports and special event programming. ION is part of The E.W. Scripps Company (NASDAQ: SSP), a diversified media company focused on creating connection. As one of the nation’s largest local TV broadcasters, Scripps serves communities with quality, objective local journalism and operates a portfolio of about 60 stations in 40 markets.

About the Professional Women's Hockey League (PWHL)
The Professional Women’s Hockey League (PWHL) is a professional ice hockey league in North America that features the best women’s players in the world. It is comprised of eight teams: Boston, Minnesota, Montréal, New York, Ottawa, Seattle, Toronto, and Vancouver. Launched on January 1, 2024, the PWHL has broken multiple attendance records and holds the worldwide all-time record for a women’s hockey game. The league was recognized by Sports Business Journal as the Sports Breakthrough of the Year, and ranked No. 1 in Canada for corporate reputation in both 2024 and 2025, according to the Harris Poll. Visit thepwhl.com to purchase tickets and merchandise, and subscribe to the PWHL e-newsletter for the latest updates. Follow the league on social media @thepwhlofficial.

PWHL, the PWHL Logo, and PWHL team names and logos are trademarks of the PWHL. © PWHL 2026 All Rights Reserved.

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/6518a7b3-ba9a-43c4-8f93-d3bc392e4573


FAQ

When will the PWHL Walter Cup Finals air on ION (SSP) in 2026?

The championship series is scheduled for May 2026 with exact dates pending confirmation. According to the company, official game dates will be announced once final teams are confirmed.

How many U.S. households will be able to watch the PWHL Walter Cup Finals on ION (SSP)?

ION’s distribution reaches 126 million U.S. households, offering wide availability. According to the company, coverage includes over-the-air, pay TV, connected TV and free streaming platforms.

What does ION broadcasting the PWHL Finals mean for PWHL viewership and growth?

National linear broadcast should increase visibility and fan access across the U.S. According to the company, this expands a platform after the league reported rising attendance and growing all-time fans.

Will the PWHL Walter Cup Finals be available to stream if I don't have cable (SSP)?

Yes—ION will offer the finals across over-the-air and free streaming platforms in the U.S. According to the company, fans can access coverage via connected TV and free streaming services.

Has the PWHL shown audience growth ahead of the 2026 Walter Cup Finals (SSP)?

Yes—the league is approaching two million all-time fans and reported a 23% YoY increase in average attendance. According to the company, these metrics indicate rising fan engagement.