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Analysts Estimate E.W. Scripps (SSP) to Report a Decline in Earnings: What to Look Out for
ZACKS· 2025-05-01 15:08
Core Viewpoint - Wall Street anticipates a year-over-year decline in earnings for E.W. Scripps due to lower revenues, with a focus on how actual results compare to estimates impacting stock price [1][2]. Earnings Expectations - E.W. Scripps is expected to report a quarterly loss of $0.23 per share, reflecting a year-over-year change of -130% [3]. - Revenues are projected to be $519.5 million, down 7.5% from the same quarter last year [3]. Estimate Revisions - The consensus EPS estimate has been revised 61.11% higher in the last 30 days, indicating a reassessment by analysts [4]. - The Most Accurate Estimate aligns with the Zacks Consensus Estimate, resulting in an Earnings ESP of 0% [10][11]. Earnings Surprise Prediction - The Zacks Earnings ESP model suggests that a positive or negative reading indicates the likelihood of deviation from consensus estimates, with positive readings being more predictive of earnings beats [6][7]. - Stocks with a positive Earnings ESP and a Zacks Rank of 1, 2, or 3 have shown a nearly 70% success rate in delivering positive surprises [8]. Historical Performance - E.W. Scripps has not beaten consensus EPS estimates in the last four quarters, with the most recent quarter showing a surprise of -2.02% [12][13]. Conclusion - E.W. Scripps does not appear to be a strong candidate for an earnings beat, and investors should consider other factors when evaluating the stock ahead of its earnings release [16].
Scripps News receives three National Headliner Awards and earns Deadline Club finalist nominations
Prnewswire· 2025-04-30 14:03
Core Points - Scripps News, owned by The E.W. Scripps Company, received three National Headliner Awards and two Deadline Club finalist nominations, highlighting the significance of its impactful journalism [1][2] - The awards recognize excellence in various categories, including health science and environmental reporting, showcasing the dedication of the Scripps News team to uncover vital stories [3][4] Awards and Recognitions - Scripps News won a first-place National Headliner Award for the documentary "Darwin's War," which provided rare access to a Ukrainian FPV drone unit, illustrating modern combat in the Ukraine war [4][5] - The investigation "Fentanyl: The Silent Toll" also received a first-place National Headliner Award, focusing on the impact of fentanyl on young children across the U.S. through extensive interviews and data analysis [7][8] - The report "One Woman's Frontline" earned a second-place National Headliner Award, highlighting the experiences of women in the Ukraine war [10] Additional Projects - Scripps News was a finalist for a Deadline Club Award for the documentary series "In the Shadows with Jason Bellini," which offers a raw perspective on the Ukraine war through the lens of a soldier [11] - The report "Sex, Lies and Deepfakes" is a finalist for the Deadline Club's "Mosaic Award," focusing on the experiences of women affected by disinformation [13][14]
Scripps Howard Fund announces finalists for 72nd Scripps Howard Journalism Awards
Prnewswire· 2025-04-29 18:00
Core Points - The 72nd Scripps Howard Journalism Awards recognize impactful journalism from local and national newsrooms, with finalists selected from nearly 600 entries across 12 categories [1][2][3] - The awards highlight journalism that addresses urgent social issues, including mental health, criminal justice, environmental crises, and systemic inequities, emphasizing the role of journalism in fostering public accountability and resilience [3] Categories and Finalists - Categories include Excellence in Audio Storytelling, Business/Financial Reporting, Environmental Reporting, Local/Regional Investigative Reporting, and more [5][7] - Notable finalists include ABC15 Arizona for "Policing Phoenix: The DOJ Report," The New York Times for "The Migrant Pipeline," and ProPublica for "Maylia and Jack: A Story of Teens and Fentanyl" [5][9] Awards and Recognition - The winners will be announced online on June 10, 2025, at SHJAwards.org [4] - The Scripps Howard Fund also recognizes journalism education through awards for Teacher of the Year and Administrator of the Year [7]
Scripps to report first-quarter 2025 operating results on May 8
Prnewswire· 2025-04-17 13:46
CINCINNATI, April 17, 2025 /PRNewswire/ -- The E.W. Scripps Company (NASDAQ: SSP) will report first-quarter 2025 operating results after the markets close on Thursday, May 8. The call with the company's senior management team will take place at 9:30 a.m. Eastern time on Friday, May 9. The company's protocol for joining its earnings calls is as follows: 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 ...
Scripps wins National Association of Broadcasters' Service to America Award for its hurricane relief efforts
Prnewswire· 2025-04-15 15:31
Core Points - The E.W. Scripps Company received the 2025 "Service to America" award from the National Association of Broadcasters for its relief efforts following Hurricanes Helene and Milton, which were among the 10 costliest hurricanes in U.S. history [1][2] - Scripps raised over $289,000 for 29 local nonprofits to aid communities affected by the hurricanes, demonstrating the company's commitment to community service [4][5] Company Overview - The E.W. Scripps Company is a diversified media company and one of the largest local TV broadcasters in the U.S., operating over 60 stations in more than 40 markets [6] - Scripps News and other national news outlets provide quality local journalism, while the company also holds the largest broadcast spectrum in the nation [6] - The Scripps Howard Fund, established by Scripps, focuses on journalism education, childhood literacy, and local causes, supporting community engagement and informed citizenship [7][8]
Scripps completes transactions to refinance revolver and 2026, 2028 term loans
Prnewswire· 2025-04-10 20:15
CINCINNATI, April 10, 2025 /PRNewswire/ -- The E.W. Scripps Company (NASDAQ: SSP) has successfully completed a series of previously announced refinancing transactions, which include: Refinance of approximately $110.8 million aggregate principal amount of existing tranche B-2 term loans with new tranche B-2 term loans due 2028, with remaining existing tranche B-2 term loans repaid in cash, including with proceeds from a new accounts receivable securitization facility, approximately $223.5 million of proceeds ...
Elevance Health Women's Fort Myers Tip-Off comes to Scripps Sports, ION in multiyear agreement
Prnewswire· 2025-04-09 13:00
First national women's college basketball rights deal for Scripps Sports "As the popularity of women's sports among audiences and advertisers continues to explode, the Elevance Health Women's Fort Myers Tip-Off will immediately become another major sports property for ION," said Brian Lawlor, Scripps Sports president. "We're proud that women's sports have found a home on ION, and we look forward to bringing fans the action-packed world of women's college basketball this fall." "Scripps Sports and ION are no ...
Scripps News receives prestigious Gracie Award for its investigation into child fentanyl overdoses
Prnewswire· 2025-03-25 13:03
WASHINGTON, March 25, 2025 /PRNewswire/ -- The Alliance for Women in Media is honoring Scripps News with a prestigious Gracie Award for its 2024 investigation, "Fentanyl: The Silent Toll."The Gracie Awards winners were announced today. Scripps News, the national streaming channel owned by The E.W. Scripps Company (NASDAQ: SSP), also received an honorable mention in two other categories."The recognition underscores Scripps News' unwavering commitment to investigative journalism," said Linda Pattillo, Scripps ...
The Las Vegas Aces partner with Scripps Sports to broadcast regular season games on Vegas 34
Prnewswire· 2025-03-13 20:16
Core Points - The Las Vegas Aces have signed a multiyear agreement with Scripps Sports to make Vegas 34 the official broadcast home for their games, including all non-nationally exclusive games [1][2] - The partnership includes the production of a weekly show titled "In the Paint," which will feature highlights and behind-the-scenes content related to the Aces [2][3] - The Aces have achieved significant success, winning back-to-back WNBA championships in 2022 and 2023, and are aiming for a third championship [3][6] Company Overview - The Las Vegas Aces are one of the original franchises of the WNBA, having relocated from Utah to San Antonio and then to Las Vegas in 2018 [6] - The team has seen substantial growth, including the establishment of a 50,000 square foot headquarters, the first of its kind for a WNBA team [7] - The Aces have also achieved record ticket sales, being the first WNBA franchise to sell out its entire season ticket allotment in March 2024 [7] Industry Context - Scripps Sports has a broad reach in local and national sports broadcasting, partnering with various leagues and teams, including the WNBA and NHL [8] - The partnership with the Aces enhances Scripps Sports' portfolio, allowing them to broadcast a successful team with a passionate fan base [4][8]
Scripps(SSP) - 2024 Q4 - Annual Report
2025-03-12 19:34
Financial Performance - The E.W. Scripps Company achieved $40 million in annual savings from a strategic restructuring completed by the end of Q2 2024, with $20 million realized by the end of 2023[17]. - Political advertising revenues accounted for 20% of the Local Media segment's revenues in 2024, benefiting from the election year[34]. - Distribution revenues represented 46% of the Local Media segment's revenues in 2024, with renewal negotiations covering approximately 75% of subscriber households completed in 2023[36]. - Core advertising revenues made up 33% of the Local Media segment's revenues in 2024, driven by local and national business sales[29]. - Employee costs constituted 38% of the Local Media segment's costs and expenses in 2024[37]. - Programming costs, including network affiliation fees and local sports rights fees, accounted for 45% of the Local Media segment's costs and expenses in 2024[39]. - Revenue from advertising is subject to seasonality, with higher revenues typically in the second and fourth quarters due to increased demand[46]. Strategic Initiatives - Scripps News will significantly reduce its national network programming starting in Q4 2024, expected to generate annualized net savings of $35 million[20]. - The company is exploring the sale of its Bounce multi-cast television network, which reaches approximately 95% of U.S. television broadcast homes[18]. - A joint venture was formed with Gray Media, Nexstar Media Group, and Sinclair, contributing $6.4 million for a 25% ownership interest to provide data delivery services[21]. - Scripps continues to expand its presence in the connected television marketplace, leveraging its leadership in the over-the-air market[16]. Programming and Audience Reach - Scripps Networks segment generates revenue primarily from advertising sales, which depend on viewership ratings and advertising rates[45]. - Programming expenses accounted for 55% of Scripps Networks segment's costs and expenses in 2024, reflecting investment in quality programming and distribution costs[47]. - ION network is available in nearly 99% of U.S. television broadcast homes and has the fifth-largest average prime-time audience among all broadcast networks[48]. - Bounce network reaches approximately 95% of U.S. television broadcast homes, featuring original programming and a focus on the African American community[49]. - Court TV is available in about 93% of U.S. television broadcast homes, providing live coverage and analysis of significant trials[50]. - Grit network appeals to male viewers and is available in approximately 98% of U.S. television broadcast homes[51]. - ION Mystery and ION Plus are available in about 98% and 92% of U.S. television broadcast homes, respectively, featuring popular crime and action programming[52][53]. - Laff network targets comedy lovers aged 18 to 49 and is available in approximately 98% of U.S. television broadcast homes[54]. - Scripps News focuses on objective reporting and is available on multiple streaming platforms after ceasing over-the-air distribution in November 2024[55]. - Scripps' current national audience reach is 38.0% of television households after applying the UHF discount[61]. Employee Relations and Development - As of December 31, 2024, Scripps had approximately 5,000 employees, including full-time and part-time[72]. - The company has not experienced any work stoppages at its current operations since 1985[72]. - Scripps offers a voluntary Employee Stock Purchase Plan (ESPP) allowing employees to purchase company stock at a discounted price[76]. - Scripps prioritizes flexible and impactful learning and development opportunities for employees to support their growth[78]. - In 2024, employees completed training courses tailored to specific roles, focusing on competencies critical to future success[78]. - Leadership programs are designed to cultivate effective leaders at all levels, enhancing team performance and employee engagement[79]. - Targeted training in key areas such as journalism and sales combines hands-on learning and mentorship to enhance job-specific skills[80]. - Scripps emphasizes open communication with employees through various channels, including emails, videos, and town hall meetings[82]. - Employees are encouraged to engage in their local communities through reporting, fundraising, and volunteering efforts[82]. Regulatory and Compliance - The FCC's rule changes regarding television ownership went into effect in March 2024, impacting Scripps' operations[60]. - All Scripps stations completed the transition to new channels in the reduced broadcast spectrum band following the 2017 incentive spectrum auction[63]. - The FCC requires television broadcasters to close caption their programming for the benefit of persons with hearing impairment[58]. - Scripps has never had a broadcast license revoked and all previous renewals have been for the maximum term[59]. - The Low Power Protection Act allows certain low-power television stations to apply for "Class A" regulatory status, effective May 31, 2024[66]. - The FCC's new ownership rules, effective March 2024, prohibit broadcasters from using multicast channels to acquire two "top-four" affiliations in a single market[60]. - Scripps stations are operating with the new ATSC 3.0 transmission protocol, which allows for enhanced services and improved signal reception[64]. - The FCC's rules implementing the Low Power Protection Act went into effect on May 31, 2024, allowing eligible low-power stations to apply for "Class A" status[66]. - Scripps has elected to negotiate retransmission consent agreements with cable operators and satellite video providers for the majority of its stations[67]. - The FCC has increased enforcement efforts regarding programming issues, which may impact Scripps' operations[69]. Compensation and Benefits - Scripps' compensation philosophy includes a combination of fixed and variable pay, including base salary, bonuses, and share-based compensation[75]. - The company offers a comprehensive benefits package, including medical, dental, vision coverage, and a 401(k) plan[76].