CINCINNATI, Sept. 5, 2024 /PRNewswire/ -- The Scripps Howard Fund will honor the best in American journalism during the 71st Scripps Howard Journalism Awards on Oct. 20. From excellence in breaking news and investigative reporting – to visual storytelling and opinion writing, this year's finalists produced journalism that not only informed but transformed. The Scripps Howard Journalism Awards, one of the nation's most prestigious journalism competitions, honor work from television stations and networks, rad ...

CINCINNATI, Sept. 5, 2024 /PRNewswire/ -- The E.W. Scripps Company (NASDAQ: SSP) has promoted Sean Franklin to vice president and general manager for WLEX, the Scripps-owned NBC affiliate in Lexington, Kentucky, effective Sept. 16. Franklin has served as the station's director of engineering since 2019, overseeing the engineering and production departments and serving on the station's leadership team. The E.W. Scripps Company has promoted Sean Franklin to vice president and general manager for WLEX, the Scr ...

CINCINNATI, Sept. 4, 2024 /PRNewswire/ -- The Scripps Howard Fund is doubling its impact for one day, in celebration of National Literacy Month. Today, Sept. 4, the Fund will match the first $175,000 donated to the "If You Give a Child a Book ..." childhood literacy campaign. For every $12 donated, the Fund gives two books to a child in need. Donations can be made at ifyougiveabook.com. Donate today: Make a difference and double your impact. The "If You Give a Child a Book …" campaign is supported by The E. ...

CINCINNATI, Aug. 16, 2024 /PRNewswire/ -- For its deeply reported storytelling and investigative journalism, The E.W. Scripps Company (NASDAQ: SSP) has received three prestigious 2024 National Edward R. Murrow Awards: two for Scripps News and one for WRTV in Richmond, Virginia. The Radio Television Digital News Association (RTDNA) announced the honors Thursday afternoon during a virtual awards ceremony. Scripps News won in the television network category of "continuing coverage" for "In Real Life: Injected. ...

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, 2024 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) Ohio 31-1223339 (State or other jurisdiction of incorp ...

Financial Data and Key Metrics Changes - For Q2 2024, the company reported a loss attributable to shareholders of $13 million or $0.15 per share, with preferred stock dividends negatively impacting EPS by $0.17 [11] - Local Media division revenue increased nearly 4% year-over-year, driven by a record $28 million in political advertising revenue, while local core advertising revenue decreased by about 7% [5][6] - Scripps Networks revenue was $209 million, down 9.7% from the previous year, with expenses flat at $171 million [8][9] Business Line Data and Key Metrics Changes - Local Media segment profit rose to $88 million, a 9% increase from Q2 2023, with expectations for Q3 revenue to increase by about 20% [6][7] - Scripps Networks division expects Q3 revenue to decline in the mid-single-digit range, with expenses anticipated to decrease in the low single-digit range [10] - The Other segment reported a loss of $9 million, with shared services and corporate expenses for Q2 at $21.7 million [10] Market Data and Key Metrics Changes - Political advertising revenue guidance for the full year was raised to between $270 million and $290 million, reflecting strong spending in key Senate races [7] - Connected TV revenue was up 11% in Q2, but overall expectations for CTV revenue were lowered from a previous guidance of 30% growth to about 10% [9] Company Strategy and Development Direction - The company is focused on debt reduction and capturing efficiencies to enhance sustainability, with a strong emphasis on political advertising and live sports as growth drivers [13][21] - Scripps aims to leverage its broadcast strength and partnerships in live sports to drive audience engagement and advertising revenue [16][19] - The strategy includes maintaining a balance between sports and general entertainment to attract diverse audiences [31] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the political advertising landscape, noting unprecedented spending levels and a favorable competitive environment [14][24] - The company is optimistic about the impact of the upcoming Presidential election and ongoing Senate races on advertising revenue [15][24] - Management acknowledged challenges in the CTV space due to increased inventory from competitors but expects rates to rise as the market stabilizes [9][10] Other Important Information - The company is pursuing asset sales, including the Bounce TV network and real estate holdings, as part of its debt reduction strategy [11][12] - Cash and cash equivalents totaled $27 million, with net debt at $2.9 billion [11] Q&A Session Questions and Answers Question: Can you discuss core trends and the impact of political advertising? - Management indicated that core advertising revenue was down about 7%, with displacement due to strong political revenue and tough comparisons from last year [23][25] Question: What is the outlook for the Networks portfolio and potential growth? - Management highlighted that the upfront results validated their sports strategy, with expectations for low single-digit increases in volume driven by sports and CTV [27][29] Question: How is the company managing its debt and asset sales? - Management confirmed that the process for selling Bounce TV is competitive and progressing well, with expectations to generate significant cash proceeds from real estate divestitures [34]

Exhibit 99.1 Scripps reports Q2 2024 financial results Aug. 8, 2024 CINCINNATI – The E.W. Scripps Company (NASDAQ: SSP) delivered $574 million in revenue for the second quarter of 2024. Loss attributable to the shareholders of Scripps was $13 million or 15 cents per share. Business notes: • Scripps now believes its 2024 Local Media election-year political advertising revenue will reach record levels, with even the low end of the new range, $270-$290 million, above any previous year. Previously, the company ...

E.W. Scripps (SSP) came out with a quarterly loss of $0.15 per share versus the Zacks Consensus Estimate of $0.02. This compares to loss of $0.09 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of -850%. A quarter ago, it was expected that this television and radio company would post a loss of $0.06 per share when it actually produced a loss of $0.10, delivering a surprise of -66.67%. Over the last four quarters, the company has ...

CINCINNATI, Aug. 8, 2024 /PRNewswire/ -- The E.W. Scripps Company (NASDAQ: SSP) delivered $574 million in revenue for the second quarter of 2024. Loss attributable to the shareholders of Scripps was $13 million or 15 cents per share. Business notes: Scripps now believes its 2024 Local Media election-year political advertising revenue will reach record levels, with even the low end of the new range, $270-$290 million, above any previous year. Previously, the company had given a range of $240-$270 million. Th ...

CINCINNATI, Aug. 1, 2024 /PRNewswire/ -- The E.W. Scripps Company (NASDAQ: SSP) has promoted John Cook to vice president and general manager for KTNV, the Scripps-owned ABC affiliate in Las Vegas, effective Sept. 3. Cook has been serving as senior director of sales for WXYZ and WMYD, the Scripps stations in Detroit, since January 2021. In that time, he led the stations' sales department, steering linear and digital/OTT revenue streams for both stations, including sports on WMYD. John CookJohn Cook "John is ...