Scripps to report fourth-quarter 2024 operating results on March 11, new earnings call date and time March 12

Rhea-AI Summary

E.W. Scripps (NASDAQ: SSP) has rescheduled its fourth-quarter 2024 earnings release to March 11, 2024, after market close, with the earnings call now set for March 12 at 9 a.m. Eastern time. The delay from the original February dates is due to ongoing negotiations for refinancing transactions related to the company's term loan and revolving credit facility with existing lenders and potential new debt capital providers.

The company plans to provide updates on the refinancing transaction and negotiation results during the rescheduled conference call. Participants must pre-register through the company's investor relations website to access the live webcast or receive dial-in information.

Positive

• Company maintaining transparent communication about refinancing process
• Management actively working on debt refinancing solutions

Negative

• Delayed earnings release indicates ongoing refinancing challenges
• Active negotiations with lenders suggest potential debt restructuring concerns

CINCINNATI, Feb. 27, 2025 /PRNewswire/ -- The E.W. Scripps Company (NASDAQ: SSP) will now report fourth-quarter 2024 operating results after the markets close on Tuesday, March 11. The call with the company's senior management team will take place at 9 a.m. Eastern time on Wednesday, March 12.

The company is delaying the release because it continues to actively negotiate refinancing transactions relating to its term loan and revolving credit facility with existing lenders and potential new debt capital providers. The company expects to be able to provide an update on the refinancing transaction and the results of those negotiations on its rescheduled conference call. The release had been scheduled for Thursday, Feb. 27, and the call for Friday morning, Feb. 28.

As previously announced, the company has a new protocol for joining its earnings calls. This information for the March 12 call remains unchanged for those who previously registered:

• To access a live webcast of the call, participants will need to register by visiting http://ir.scripps.com/. The registration link can be found on that page under "upcoming events."
• To dial in by phone, participants will first need to visit a website to receive the phone number. To receive a listen-only dial-in and PIN code, visit https://edge.media-server.com/mmc/p/y44dw9eo.
• Analysts who will be asking questions should visit this webpage to receive a different dial-in and PIN, which will identify them by name on the call: https://register.vevent.com/register/BIa458b9819c634e05aa8e61b86fdd7c2d

A replay of the conference call will be archived and available online for an extended period of time. To access the audio replay, visit http://ir.scripps.com/ approximately four hours after the call, and the link can be found on that page under "audio/video links."

Forward-looking statements
This document contains "forward-looking statements" within the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements can be identified by words such as: "believe," "anticipate," "intend," "expect," "estimate," "could," "should," "outlook," "guidance," and similar references to future periods. Examples of forward-looking statements include, among others, statements the company makes regarding expected operating results and future financial condition. Forward-looking statements are neither historical facts nor assurances of future performance. Instead, they are based only on management's current beliefs, expectations, and assumptions regarding the future of the industry and the economy, the company's plans and strategies, anticipated events and trends, and other future conditions. Because forward-looking statements relate to the future, they are subject to inherent risks, uncertainties, and changes in circumstance that are difficult to predict and many of which are outside of the company's control. The company's actual results and financial condition may differ materially from those indicated in the forward-looking statements. Therefore, you should not rely on any of these forward-looking statements. Important factors that could cause the company's actual results and financial condition to differ materially from those indicated in the forward-looking statements include, among others, the following: change in advertising demand, fragmentation of audiences, loss of affiliation agreements, loss of distribution revenue, increase in programming costs, changes in law and regulation, the company's ability to identify and consummate strategic transactions, the controlled ownership structure of the company, and the company's ability to manage its outstanding debt obligations. A detailed discussion of such risks and uncertainties is included in the company's Form 10-K, on file with the SEC, in the section titled "Risk Factors." Any forward-looking statement made in this document is based only on currently available information and speaks only as of the date on which it is made. The company undertakes no obligation to publicly update any forward-looking statement, whether written or oral, that may be made from time to time, whether as a result of new information, future developments, or otherwise.

Media contact: Becca McCarter, The E.W. Scripps Company, (513) 410-2425, rebecca.mccarter@scripps.com
Investor contact: Carolyn Micheli, The E.W. Scripps Company, (513) 313-5910, carolyn.micheli@scripps.com

About Scripps
The E.W. Scripps Company (NASDAQ: SSP) is a diversified media company focused on creating a better-informed world. As one of the nation's largest local TV broadcasters, Scripps serves communities with quality, objective local journalism and operates a portfolio of more than 60 stations in 40+ markets. Scripps reaches households across the U.S. with national news outlets Scripps News and Court TV and popular entertainment brands ION, ION Plus, ION Mystery, Bounce, Grit and Laff. Scripps is the nation's largest holder of broadcast spectrum. Scripps is the longtime steward of the Scripps National Spelling Bee. Founded in 1878, Scripps' long-time motto is: "Give light and the people will find their own way."

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SOURCE The E.W. Scripps Company

FAQ

Why did Scripps (SSP) delay its Q4 2024 earnings release?

Scripps delayed the release due to ongoing negotiations for refinancing transactions related to its term loan and revolving credit facility with existing and potential new lenders.

When will Scripps (SSP) report its Q4 2024 earnings?

Scripps will report Q4 2024 results after markets close on March 11, 2024, with the earnings call scheduled for March 12 at 9 a.m. Eastern time.

What will be discussed in Scripps' (SSP) March 12 earnings call?

The call will cover Q4 2024 operating results and provide updates on the refinancing transaction negotiations with lenders.

How can investors access Scripps' (SSP) Q4 2024 earnings call?

Investors must pre-register through Scripps' IR website for the live webcast, or visit specific registration links for listen-only or analyst dial-in access.