Each month of the second quarter was sequentially better, so Local Media President Brian Lawler is optimistic: “We do believe, based on everything we’re seeing now, that August will be better than July, and September will be better than August in terms of year-to-year improvement, in terms of dollar growth,” he said.
The decrease to $277 million was significantly impacted by the economic downturn, reflecting the impact of the COVID-19 pandemic, with the greatest impact in April. Scripps said it saw improvements in advertising revenue from April to May and from May to June.
Station groups say they will send fewer correspondents to August’s largely virtualized political conventions and centralize their reporting resources. At the same time, they see local coverage opportunities of the conventions expanding, largely down to use of the remote production technology they’ve already been mastering for months during the pandemic.
The station group and satellite TV provider have failed to reach a new carriage deal, so Dish subscribers in 42 markets have lost access to Scripps stations.
Leading executives in the spot TV advertising ecosystem will talk about ways to entice a larger number of marketers to invest in local TV during a TVNewsCheck webinar on Aug. 6. The event, which will focus on short- and long-term issues facing the industry, will feature (top, l-r): Frank Friedman, E.W. Scripps; Jane Meyerson, ICON International; Joe Cerone, Zenith; (bottom, l-r): Rob Weisbord, Sinclair Broadcast Group; Mark Gorman, Matrix Solutions and Ted Kramer, ProvantageX. Register here.
Nexstar has transferred its option to purchase Scripps’ New York CW affiliate WPIX to Mission Broadcasting and Mission has exercised its option to purchase the station for $75 million plus accrued interest, to be calculated on the period between the Sept. 19, 2019, purchase date of WPIX by Scripps and the option sale closing date.
The deal includes three distinct podcast business lines: the Midroll advertising rep firm; owned-and-operated podcast networks including the comedy-focused Earwolf; and the Stitcher podcast listening platform.
Many broadcasters are now reassessing diversity and inclusion in their operations following the wave of U.S. protests against racial injustice. The E.W. Scripps Co. started its own top-to-bottom initiative two years ago. Above, WXYZ Detroit Anchor Glenda Lewis at Campus Martius Park in Detroit with a “7 In Your Neighborhood’ community segment.
Scripps chooses the former news and sales exec and Cheyenne, Wyo., GM to lead its ABC-CW duopoly in Tucson, Ariz.
Powered by ATSC 3.0, Sinclair’s KSNV (NBC) and KVCW (CW), Nexstar’s KLAS (CBS) and Scripps’ KTNV (ABC) are now broadcasting with the new NextGen TV technology.
Employees of The E.W. Scripps Co. and communities where it does business in more than 40 markets across the country will benefit from a gift from the Scripps Family Impact Fund. The fund is giving $1.6 million to three initiatives, including two related to the company and its foundation: Scripps COVID-19 Employee Relief Fund — The […]
He joins from iHeartMedia in Portland, Ore., to oversee sales at the Scripps ABC affiliates in Boise-Nampa and Twin Falls, Idaho.
The E.W. Scripps Co. and an expanded group from ViacomCBS have joined Project OAR, the consortium working to recommend open standard protocols for TV programmers and platforms to easily manage, sell and deliver more relevant advertising experiences within linear and on-demand formats on smart TVs. The two media network groups join the consortium on the […]
EVP-CFO Lisa Knutson said ad pacings are improving sequentially month-over-month, with May pacing ahead of April and June pacing ahead of May. Brian Lawlor, president of local media, added that it is unusual for June to grow over May if advertising were normal.
The increase to $322 million was aided by a jump in retrans revenue. When factoring in the acquisition of 23 stations last year, that local media revenue percent gain climbs to 58%.
The board of directors of The E.W. Scripps Co. today declared a cash dividend for the second quarter of 2020. Scripps shareholders of record as of June 15, will receive 5 cents per share, payable on June 25. The dividend will be paid out of the company’s surplus.
Beginning April 1, he succeeds the retiring Bob Carson in leading the company’s enterprise technology strategy and operations.
The Rebound is a companywide service-oriented content initiative that provides audiences with the information, tools and resources they need as the country moves forward during the pandemic.
E.W. Scripps President and CEO Adam Symson feels the audience increase its stations have experienced since the pandemic will endure through to the other side of the crisis. For now, he says, the company is on a firm financial footing and jobs are secure, “but the real questions that we have to wait and see on are how deep this goes and how long it lasts.”
The company said it will donate an amount equal to those cuts to a fund to support its employees affected by the COVID-19 crisis.
Building on its commitment to advance public records access for TV stations, E.W. Scripps appointed Monica Dias as senior counsel of content and intellectual property, effective Monday, April 6. In this role, Dias will manage Scripps’ copyright and trademark portfolio and will work directly with Scripps journalists on newsgathering issues related to public records access. She […]
As a digital-centric news organization, Newsy was better prepared than many to shift to remote working conditions. What’s changed is a tighter collaborative relationship with other E.W. Scripps-owned sister companies, including Court TV and TV stations.
Qualified Scripps employees can apply for up to $1,000 for eligible expenses related to hardships caused by COVID-19.
Scripps is moving the GM of its KATC Lafayette, La., to lead its NBC affiliate in Lexington, Ky.
“What’s old is new again, and broadcast linear television is seen by younger audiences as the perfect pairing for subscription services and virtual MVPDs. They’re plugging in digital antennas and tuning in to free, over-the-air television,” Scripps CEO Adam Symson told analysts this morning. “The combination of our local television portfolio and our five Katz networks uniquely positions Scripps to take advantage of the over-the-air renaissance in the media marketplace.”
The increase to $330 million was aided by a jump in retrans revenue and higher core advertising stemming from its acquisition of 26 stations in 2019.
Scripps shareholders of record as of March 16 will receive 5 cents per share, payable on March 25. The company also authorized a share repurchase program of up to $100 million of Class A shares running through March 1, 2022.
TV broadcasters including E.W. Scripps, Tegna, Fox Owned Stations and KSL have laid down bets of varying sizes in the podcast medium, drawn by the potential of expanding audiences, motivating newsrooms and new revenue streams.
At a time when Americans’ trust in mass media edges downward, the News Literacy Project is partnering with E.W. Scripps to launch a national public awareness campaign on the importance of news literacy and the role of the free press in American democracy. The campaign, which is now running across Scripps’ local broadcast stations and national media […]
He will continue to serve as the company’s president and CEO for three more years.
Sarah Jacobs has been named director of revenue strategy and Maggie Drake has been appointed senior director of OTT revenue.
Five stations owned by The E.W. Scripps Co. have been selected as 2020 Report for America (RFA) newsrooms and will host journalists to cover critically important beats in their communities as part of Scripps’ enterprise journalism content strategy. This announcement follows news last week that The Associated Press is adding statehouse reporters in 13 states as part of […]
Greg Anderson is chosen to lead the company’s privacy and data protection programs.
The station group moves him up from digital director and editorial director at WTMJ, Scripps’ NBC affiliate in Milwaukee, to work with newsroom leaders in nine of Scripps’ local TV markets to implement, evaluate, measure and refine the company’s local content strategy.
News organizations are increasingly using breakthroughs in technology to allow journalists to remotely, yet quickly, deliver more content over multiple platforms. The advances range from improved cellular networks that speed transmission of content from the field to the newsroom and cameras capable of streaming and providing remote video, to a host of tools available for journalists to remotely edit and produce content while collaborating with their newsrooms. Above, Grass Valley’s new GV Alyve, released at this year’s IBC Show, gives reporters a “virtual control room in the cloud” for production and distribution of video and livestream content. (Source: Grass Valley)
“I think we were all nervous about the General Motors strike and that had no impact on us,” Local Media President Brian Lawlor told analysts. In fact, he added, the ad categories of furniture, bedding, travel and leisure, cruises, jewelry, shoes and appliances, all were “up significantly. It really gives us a lot of hope that our local economy and our local markets are very healthy.”