Court TV, the network devoted to live, gavel-to-gavel coverage, in-depth legal reporting and trial analysis launched Monday in 19 stations. The stations are: New York – WPIX (Channel 11.3) Los Angeles – KTLA (Ch. 5.3) Chicago – WGN (Ch. 9.3) Philadelphia – WPHL (Ch. 17.3) Dallas – KDAF (Ch. 33.3) Houston – KIAH (Ch. 39.3) […]
Broadcasters have natural revenue opportunities in business lines like OTT, podcasting and ATSC 3.0, said executives from Sinclair, E.W. Scripps, Gray and Bonneville Salt Lake at TVNewsCheck’s TV2020 conference.
The drop in pro forma revenue was offset somewhat by a 10% increase in retrans revenue.
The board of directors of the E.W. Scripps Co. has declared a cash dividend for the third quarter of 2019. Scripps shareholders of record as of Sept. 13 will receive 5 cents per share, payable on Sept. 25. The dividend will be paid out of the company’s surplus.
The former NAB and station executive has more than 40 years of experience in broadcasting, communications and government relations.
Six years after acquiring the digital news upstart, E.W. Scripps is nudging Newsy closer to profitability and wider audiences. The largely millennial viewership sees Newsy’s “anti-partisan” approach as a balm to the louder polarities of its larger digital and cable peers.
SummitMedia is paying $47 million for the company’s final 19 outlets.
Most recently, Robert Kalutkiewicz was responsible for mergers and acquisitions at Tronc. Now he will oversee Scripps’ growth strategy and identify, develop and evaluate national media investment, acquisition and partnership opportunities.
The board of directors of The E.W. Scripps Co. on Wednesday declared a cash dividend for the third quarter of 2018. Scripps shareholders of record as of Sept. 14 will receive 5 cents per share on Sept. 25. The dividend will be paid out of the company’s capital surplus. The cash dividend is the company’s third since reinitiating a quarterly dividend in February.
Lotus Communications is buying the nine stations in Idaho and Arizona for $8 million. The sale is the third in a series of radio sale transactions for Scripps, which announced in January its intent to sell its portfolio of 34 radio stations in eight markets.
The three are the latest station groups that will employ end-to-end technology powered by automated intelligence to advance marketing solutions.
Scripps’ millennial-targeted OTT news network expects to be available in about 40 million cable homes by the end of next year after purchasing carriage contracts from the Retirement Living Television cable network for up to $23 million.
He will end a 45-year broadcasting career on Jan. 1, 2018. Since 2012, he has been divisional GM.
The E.W. Scripps Co. says its balance sheet is well positioned to make more acquisitions in a deregulated environment if potential stations meet its criteria. But the company also isn’t clamoring to build up to the new cap, wherever that may be, its COO says.
At the May 2 Scripps shareholder annual meeting, Adam Symson, R. Michael Scagliotti and Peter B. Thompson will stand for election by Scripps family members as holders of the common voting shares.
Veteran news executive Katherine Green will lead recruiting efforts for top news management positions in Scripps’ 24 TV markets.
Core spot will be flat in the first quarter, say company execs. But momentum is building due to strength in the automotive, communications and home improvement categories and should be positive by the end of the year.
Strong political and a 69% rise in retransmission consent money drive the increase. Core local and national advertising was down 12% due to displacement from political.
The company said none of the spectrum it put up for sale “was selected during the auction process because the prices available in the auction fell below the value we ascribed to it.”
Reporter Lisa Benson alleges in a lawsuit that she has been discriminated against by the Scripps Kansas City NBC affiliate because of her race.
The company’s Newsy digital video service now produces around 30 pieces of short-form video content per day. While Newsy is on 21 OTT platforms, its GM, Blake Sabatinelli, says the company is very much pursuing a “plant the flag” approach in anticipation of the coming consolidation, which he views as inevitable.
Company President-CEO Rich Boehne will retire next year. Chief Digital Officer Adam Symson now becomes COO and is slated to take over the CEO slot after Boehne leaves.
The Campaign Legal Center reiterates its charge that many stations are not complying with rules to make available online information about their political advertising, including who is paying for the spots. It adds the Scripps-owned Cincinnati ABC affiliate to its earlier list and urges the FCC to move before the election “to ensure transparency in our electoral system and to protect voters’ right to know by whom they are being persuaded.”
Strong political and retrans drive the total to $192 million. The digital segment adds another $15.2 million to the company’s overall total.
Anna Clark goes in-depth on WCPO, the Scripps-owned CBS affiliate in Cincinnati that several executives described as a “petri dish” of digital experimentation. The idea, Clark writes, “is less to demonstrate an entire model that can be replicated elsewhere than to test a variety of editorial, technological, and marketing strategies.”
He moves crosstown from KGET where he was general sales manager to take over the top spot at the market’s ABC affiliate.
Digital still makes up a sliver of Scripps’ revenues, but the company is making big investments in podcasts.
Katie LaGrone, an award-winning investigative journalist, is expanding her role for E.W. Scripps to support all three Scripps stations in Florida with original investigative reports, beginning in September. LaGrone, whose title will be Florida investigative correspondent, will continue her investigative work exposing a wide range of consumer injustices, questionable government spending and consumer safety concerns. […]
Broadcast SVP Brian Lawlor: “We did make some conscious decisions about cramping some core advertisers in favor of political [in the first quarter]. We look at it terms of what’s the total revenue we can drive and we have a heck of a quarter, up over 13%, and we’re looking at second quarter in the same way.”
Strong political and retrans drive the total to $180 million. The digital segment adds another $12.3 million to the company’s overall total.
Veteran political journalist Mike Sacks will lead the station group’s national coverage from Washington as part of Scripps’ commitment to air 100 minutes of political coverage each week in the 45 days leading up to Election Day on all of its stations.
The E.W. Scripps Co. sees its Cracked.com acquisition as an extension of the millennial audience courtship it began with its Newsy and Midroll buys. Scripps digital chief Adam Symson says Cracked’s brand of smart humor will give Scripps an edge in the over-the-top space and a strong voice for branded content opportunities.
The E.W. Scripps Co. has added humor brand Cracked to its ever-eclectic array of media assets, the company said Tuesday. Scripps is buying the company from Demand Media for $39 million cash. Cracked had $11 million in revenue in 2015.
The new multi-year deal covers more than 3 million households in14 markets.
Chip Mahaney, the station group’s former regional general manager for the digital division, will hire news directors, assistant news directors and executive producers across the company’s news-producing stations.
In addition to reporting for the Denver ABC affiliate, Tony Kovaleski will also train investigative journalists for Scripps stations across the country.
The drop to $157 million is a result of flat local advertising and lower national and political dollars and higher expenses that couldn’t be offset by a 52% spike in retrans revenue.
Mark Binda is named senior director of programming for the Scripps television station group, charged with working with station managers to develop original programming and explore syndication deals.