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Scripps Sports lands rights to 2026 Major League Volleyball (MLV) championship for ION
Globenewswire· 2025-11-06 15:00
Core Points - Scripps Sports has established an exclusive broadcast partnership with Major League Volleyball (MLV) to air the league's championship on ION, reaching every U.S. TV household [1][3] - The MLV championship will be broadcast live on May 7 and May 9, 2026, with the host city yet to be announced [2] - The partnership aligns with Scripps Sports' strategy to promote women's sports, complementing existing partnerships with the WNBA and NWSL [3][5] Company Overview - Scripps Sports serves various professional and college sports leagues, emphasizing local market depth and national broadcast reach [5][6] - ION is a leading general entertainment and sports network, part of The E.W. Scripps Company, which operates over 60 stations across more than 40 markets [6] Industry Context - MLV is entering its third season and aims to elevate professional women's volleyball in the U.S. through a united league structure, beginning play in January 2026 [4][7] - The league will feature eight teams initially, expanding to ten by 2027, indicating growth potential in the women's sports sector [4][7]
Understanding the Efficiency of Perimeter Solutions and Peers in Generating Returns
Financial Modeling Prep· 2025-11-04 02:00
Core Insights - Perimeter Solutions, S.A. (NYSE:PRM) specializes in fire safety and oil additives, operating in a competitive landscape with peers like Montrose Environmental Group, Inc. (MEG) and The E.W. Scripps Company (SSP) [1] - The analysis of Return on Invested Capital (ROIC) and Weighted Average Cost of Capital (WACC) is crucial for understanding the efficiency of these companies in generating returns [1] Financial Performance - Perimeter Solutions has a ROIC of 3.78% and a WACC of 11.30%, resulting in a ROIC to WACC ratio of 0.33, indicating inefficiency in generating returns [2][5] - Montrose Environmental Group has a negative ROIC of -2.82% and a WACC of 10.47%, leading to a ROIC to WACC ratio of -0.27, which is less efficient than Perimeter Solutions [2] - The E.W. Scripps Company stands out with a ROIC of 5.78% and a WACC of 6.50%, resulting in a ROIC to WACC ratio of 0.89, indicating the highest efficiency among peers [3][5] - Scholastic Corporation has a ROIC of 1.74% and a WACC of 7.77%, with a ROIC to WACC ratio of 0.22, which is lower than that of Perimeter Solutions [3] - Lee Enterprises, Incorporated, and Unifi, Inc. both exhibit negative ROICs of -2.95% and -11.80%, respectively, with WACCs of 4.50% and 6.78%, resulting in ROIC to WACC ratios of -0.66 and -1.74, indicating significant inefficiencies [4][5]
Scripps Howard Fund invests record-breaking $1.8 million to provide books for children at low-income schools
Globenewswire· 2025-11-03 14:00
Core Points - The Scripps Howard Fund's "If You Give a Child a Book ..." campaign will invest a record $1.8 million for the 2025-2026 academic year, providing over 300,000 books to low-income schools in the U.S. [1][2] - The campaign aims to support underserved children in kindergarten through fifth grade who are working towards reading proficiency, with a model of providing two books for every $12 donated [2][3] - Since its inception in 2016, the campaign will surpass a total distribution of 1.8 million books with this year's funding [5] Company and Industry Summary - The E.W. Scripps Company (NASDAQ: SSP) supports the campaign through community engagement, involving employees and family members in the initiative [2][3] - The Fund collaborates with Scholastic Books to organize free book fairs at approximately 100 Title 1 schools, ensuring that each student receives 10 books annually to build their home libraries [4] - The Scripps Howard Fund is dedicated to promoting childhood literacy and informed communities through various charitable initiatives, including journalism education and local causes [6]
Scripps agrees to sell WRTV in Indianapolis to Circle City Broadcasting for $83 million
Globenewswire· 2025-10-28 14:30
Core Viewpoint - The E.W. Scripps Company has agreed to sell its local ABC-affiliated station WRTV in Indianapolis to Circle City Broadcasting for $83 million, aiming to reduce debt and enhance the durability of its local station portfolio [1][3]. Company Overview - The E.W. Scripps Company is a diversified media entity and one of the largest local TV broadcasters in the U.S., operating over 60 stations across more than 40 markets [6][7]. - Scripps also manages national news outlets such as Scripps News and Court TV, along with entertainment brands like ION, Bounce, and Grit [6][7]. Transaction Details - Circle City Broadcasting, led by DuJuan McCoy, currently operates two television properties in Indianapolis and aims to expand its service to local communities through this acquisition [2][3]. - The transaction is subject to regulatory and customary approvals before closing [2]. Strategic Context - This sale follows other strategic moves by Scripps, including the planned sale of WFTX in Ft. Myers/Naples to Sun Broadcasting and a station swap with Gray Media, indicating a broader strategy to optimize its local station portfolio [4].
Scripps agrees to sell WRTV in Indianapolis to Circle City Broadcasting for $83 million
Globenewswire· 2025-10-28 14:30
Core Viewpoint - The E.W. Scripps Company has agreed to sell its local ABC-affiliated station WRTV in Indianapolis to Circle City Broadcasting for $83 million, aiming to reduce debt and enhance the sustainability of its local station portfolio [1][3]. Company Overview - The E.W. Scripps Company is a diversified media entity and one of the largest local TV broadcasters in the U.S., operating over 60 stations across more than 40 markets [6][7]. - Scripps also manages national news outlets such as Scripps News and Court TV, along with various entertainment brands [6][7]. Transaction Details - The sale of WRTV is part of a strategic move by Scripps, which has also announced the sale of WFTX in Ft. Myers/Naples to Sun Broadcasting and a station swap with Gray Media [4]. - Circle City Broadcasting, led by DuJuan McCoy, operates two other television properties in the Indianapolis market and aims to enhance its service to local communities through this acquisition [2][3]. Strategic Implications - The transaction is expected to allow Circle City Broadcasting to expand its local news offerings while enabling Scripps to improve its financial position by reducing debt [3]. - The deal is pending regulatory and customary approvals before finalization [2].
Scripps to release third-quarter 2025 operating results on Nov. 6
Globenewswire· 2025-10-20 18:13
Core Viewpoint - The E.W. Scripps Company is set to report its third-quarter 2025 operating results on November 6, 2025, with a conference call scheduled for November 7, 2025, at 9:30 a.m. Eastern time [1]. Company Overview - The E.W. Scripps Company is a diversified media entity and one of the largest local TV broadcasters in the U.S., operating over 60 stations across more than 40 markets [2]. - Scripps provides quality local journalism and reaches households nationwide through its national news outlets, including Scripps News and Court TV, as well as entertainment brands like ION, Bounce, Grit, ION Mystery, ION Plus, and Laff [2]. - The company is the largest holder of broadcast spectrum in the nation and serves professional and college sports leagues with a national broadcast reach of up to 100% of TV households [2]. - Founded in 1878, Scripps is also known for its stewardship of the Scripps National Spelling Bee and operates under the motto: "Give light and the people will find their own way" [2]. Earnings Call Information - Participants can access a live webcast of the earnings call by registering on the company's investor relations website [3]. - For phone participation, a specific website must be visited to obtain the dial-in number and PIN code for listen-only access [3]. - Analysts wishing to ask questions must register separately to receive a different dial-in and PIN that identifies them by name during the call [3].
Scripps National Spelling Bee, Scripps Howard Fund launch campaign to empower next generation of spellers
Globenewswire· 2025-10-16 11:00
Core Points - The Scripps Howard Fund and the Scripps National Spelling Bee have launched a campaign called "Beelieve" to enhance access to the Spelling Bee for students from under-resourced schools, with a matching donation initiative up to $100,000 [1][4] - Beelieve will provide free enrollment and resources to partner Title 1 schools for the 2025-26 school year, allowing more students to participate in the Bee's yearlong program [2][4] - The initiative aims to remove financial barriers for schools, promoting learning, curiosity, and confidence among students [3][4] Company Overview - The Scripps National Spelling Bee is the largest and longest-running educational program in the U.S., established in 1925, focusing on word exploration and academic achievement [5] - The Scripps Howard Fund is a public charity that supports journalism education, childhood literacy, and local causes, and it plays a significant role in community engagement [6]
ION set to air Athlos NYC live on Oct. 10, Brooks Running Shoes to be presenting sponsor
Globenewswire· 2025-10-09 14:09
Core Insights - ION partners with Athlos NYC for a women's-only track and field event, marking a multi-year collaboration with Scripps Sports [1] - Brooks Running Shoes is the presenting sponsor, emphasizing the importance of women's sports [4] Company Overview - Scripps Sports has established partnerships with major women's sports leagues, including the WNBA and NWSL, and is expanding its offerings with events like the Elevance Health Women's Fort Myers Tip-Off [5] - ION is a leading general entertainment network, part of The E.W. Scripps Company, which operates over 60 stations across more than 40 markets [8] Event Details - Athlos NYC will feature elite athletes such as Faith Kipyegon and Keely Hodgkinson, and will take place at New York's Icahn Stadium [2][4] - The event aims to provide a unique experience by combining athletic competition with entertainment, celebrating women's achievements in sports [9]
Women We Admire Announces Top 50 Women Leaders of New York for 2025
PRWEB· 2025-10-01 15:30
Core Insights - Women We Admire has announced The Top 50 Women Leaders of New York for 2025, highlighting the city's role as a cultural and commercial powerhouse with over 20 million residents [1] Group 1: Honorees - Shilpa Bangera, President and Global Head of Payments at Adyen, is recognized for her leadership in fintech, focusing on growth, innovation, and teamwork [2] - Emma Andrews, Vice President of Global Patient Advocacy at Pfizer, is honored for her efforts in embedding the patient perspective in company initiatives, aiming to improve patient outcomes [3] - Vynessa Alexander, Senior Vice President at Infor, is acknowledged for her extensive experience in technology and operations management, guiding young professionals in their career growth [4] Group 2: Additional Honorees - The list includes notable leaders from various industries such as Sherry Cassano (Pfizer), Jennifer Remling (Warner Bros. Discovery), and Marissa Tracey (Deutsche Bank), showcasing a diverse range of sectors represented [6] Group 3: Organization Overview - Women We Admire aims to recognize and inspire women leaders across various fields, circulating content to over 70,000 individuals and businesses [7]
Scripps agrees to sell WFTX in Fort Myers-Naples to Sun Broadcasting for $40 million
Prnewswire· 2025-09-03 14:15
Core Viewpoint - The E.W. Scripps Company has agreed to sell its local Fox-affiliated station WFTX in Fort Myers, Florida, to Sun Broadcasting for $40 million, aiming to reduce debt and improve its financial profile [1][2][3] Company Overview - The E.W. Scripps Company is a diversified media entity and one of the largest local TV broadcasters in the U.S., operating over 60 stations across more than 40 markets [5][6] - Scripps provides quality local journalism and operates national news outlets such as Scripps News and Court TV, along with entertainment brands like ION and Bounce [5][6] Transaction Details - The sale of WFTX is expected to close in the fourth quarter of 2025, pending regulatory approvals, and does not require any changes to current television station ownership rules [2] - The cash from the sale will be utilized to pay down the company's debt, as stated by Scripps President and CEO Adam Symson [2][3] Strategic Rationale - The decision to sell WFTX is part of Scripps' evaluation of its business strategies, ensuring that the station is in the hands of owners who can best serve the local community [3] - This transaction follows a previously announced agreement to swap stations with Gray Media in five mid-sized and small markets, which is currently under federal review [3]