Scripps(SSP)
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Scripps(SSP) - 2022 Q3 - Quarterly Report
2022-11-08 18:04
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2022 OR Not applicable (Former name, former address and former fiscal year, if changed since last report.) Securities registered pursuant to Section 12(b) of the Act: ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Com ...
Scripps(SSP) - 2022 Q2 - Quarterly Report
2022-08-05 17:27
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2022 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number 001-10701 THE E.W. SCRIPPS COMPANY (Exact name of registrant as specified in its charter) (State or other jurisdiction of incorporation or organ ...
Scripps(SSP) - 2022 Q2 - Earnings Call Transcript
2022-08-05 16:11
The EW Scripps Company (NASDAQ:SSP) Q2 2022 Earnings Conference Call August 5, 2022 9:30 AM ET Company Participants Adam Symson - President, Chief Executive Officer Jason Combs - Chief Financial Officer Brian Lawlor - President, Local Media Lisa Knutson - President, Scripps Networks Carolyn Micheli - Senior Vice President, Corporate Communications and Investor Relations Conference Call Participants Dan Kurnos - Benchmark Steven Cahall - Wells Fargo Craig Huber - Huber Research Operator Ladies and gentleme ...
Scripps(SSP) - 2022 Q1 - Earnings Call Transcript
2022-05-06 18:28
Financial Data and Key Metrics Changes - In Q1 2022, the company's free cash flow was three times higher than the comparable quarter in 2020 [10] - The company expects free cash flow for the year to be between $400 million and $450 million, representing the highest amount since the spin-off of cable networks in 2008 [27][23] Business Line Data and Key Metrics Changes - Local Media core advertising revenue increased by 3.4%, with total revenue up 4.5% due to strong sales execution and retransmission revenue growth [20] - Scripps Networks revenue for Q1 2022 was $239 million, an increase of 8.5% from the prior year, while segment expenses rose by 23% [21] Market Data and Key Metrics Changes - Political ad revenue in Q1 was approximately $6 million, about 70% higher than the first quarter of 2018 [20] - The company reported a significant increase in pay TV subscriber households and lower churn year-over-year [14] Company Strategy and Development Direction - The company is focused on an "all of the above" strategy, leveraging both traditional and connected TV platforms to meet consumer demands [11] - Scripps is investing in the transition to ATSC 3.0 NextGen TV, positioning itself as a leader in broadcast spectrum monetization [15] Management's Comments on Operating Environment and Future Outlook - Management anticipates a record-breaking national political spending season, contributing to expected free cash flow growth [17] - The company is optimistic about capturing a significant share of political ad spending, with projections of $270 million in revenue from its footprint [35] Other Important Information - The company is experiencing a shift in advertising booking patterns, with clients booking closer to air time due to supply chain issues [104] - Scripps Networks is producing the National Spelling Bee in-house for the first time, expanding audience reach and retaining advertising revenue [44] Q&A Session Summary Question: Outlook for 2Q core ad revenue for TV stations - Management expects core ad revenue to be about flattish compared to a year ago [54] Question: Performance of the auto category - The auto category was down over 20% in Q1, with expectations for improvement in the second half of the year [55] Question: Impact of sports betting on advertising - The timing of sports betting legalization affects advertising spending, with aggressive initial spending followed by a moderation phase [57] Question: Signs of recession in markets - Management does not sense a recession but acknowledges challenges from supply chain and labor shortages [60] Question: Recovery signs in the advertising market - Early May shows a slight pickup in advertising activity compared to the end of Q1 [65] Question: Direct response advertising trends - Direct response advertising remains strong, with a mix of general market and direct response around 50% each [93] Question: Performance of Newsy - Newsy's CTV viewership is up 40% year-over-year, with a focus on quality journalism [99] Question: Local advertising visibility - There is less visibility in local advertising bookings, with clients booking closer to air time [104]
Scripps(SSP) - 2022 Q1 - Quarterly Report
2022-05-06 17:11
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2022 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number 001-10701 THE E.W. SCRIPPS COMPANY (Exact name of registrant as specified in its charter) (State or other jurisdiction of incorporation or orga ...
Scripps(SSP) - 2021 Q4 - Earnings Call Transcript
2022-02-25 20:08
The E.W. Scripps Company (NASDAQ:SSP) Q4 2021 Earnings Conference Call February 25, 2022 9:30 AM ET Company Participants Carolyn Micheli - Head, IR Adam Symson - President and CEO Jason Combs - CFO Brian Lawlor - Local Media, President Lisa Knutson - Scripps Networks, President Conference Call Participants Daniel Kurnos - The Benchmark Company Craig Huber - Huber Research Partners Michael Kupinski - Noble Capital Markets Steven Cahall - Wells Fargo Keith Smith - Bonhoeffer Capital Operator Ladies and gentle ...
Scripps(SSP) - 2021 Q4 - Annual Report
2022-02-25 18:48
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K ☑ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2021 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Securities registered pursuant to Section 12(g) of the Act: None Securities registered pursuant to Section 12(b) of the Act: Indicate by check mark if the registrant is a ...
E W Scripps (SSP) Presents At NASH 2021: Stephens Annual Investment conference - Slideshow
2021-12-03 16:34
THE E.W. SCRIPPS COMPANY BANK OF AMERICA CONFERENCE NOV. 30, 2021 SAFE HARBOR DISCLOSURE This document contains certain forward-looking statements related to the company's businesses that are based on management's current expectations. Forward-looking statements are subject to certain risks, trends and uncertainties, including changes in advertising demand and other economic conditions that could cause actual results to differ materially from the expectations expressed in forward-looking statements. Such fo ...
Scripps(SSP) - 2021 Q3 - Quarterly Report
2021-11-05 19:38
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2021 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number 001-10701 THE E.W. SCRIPPS COMPANY (Exact name of registrant as specified in its charter) (State or other jurisdiction of incorporation or ...
Scripps(SSP) - 2021 Q3 - Earnings Call Transcript
2021-11-05 17:57
The E.W. Scripps Company (NASDAQ:SSP) Q3 2021 Results Conference Call November 5, 2021 9:30 AM ET Company Participants Carolyn Micheli - Investor Relations Adam Symson - President and Chief Executive Officer Jason Combs - Chief Financial Officer Brian Lawlor - Local Media President Lisa Knutson - Scripps Networks President Dan Perschke - Controller Conference Call Participants Dan Kurnos - Benchmark Company Michael Kupinski - Noble Capital Markets Steven Cahall - Wells Fargo John Janedis - Wolfe Research Cr ...