Scripps Q4 Station Revenue Drops 12%
The decrease to $381 million was driven by lower core and political advertising. For the company as a whole, total Q4 revenue was $616 million, a decrease of 9.6%, or $65.2 million from a year ago.
Leading executives from NBCUniversal Local, E.W. Scripps, Sage Media and WideOrbit will discuss how station groups are creating opportunities across all media for political advertising in 2024 and how agencies are planning their buys in a TVNewsCheck Working Lunch Webinar on March 5 at 1 p.m. ET. Register here.
Forward-looking station groups including Gray Television, E.W. Scripps and Graham Media are forming internal policy groups to tackle the challenges that will come with adopting generative AI in their newsrooms.
For TV News, Rebuilding Trust Is Core Imperative For Election Year
E.W. Scripps CEO Adam Symson and NewsNation anchor Connell McShane told a NewsTECHForum audience Tuesday that TV news needs a more durable model based on more consistent community engagement and more room for conversation and discovery around subjects. (Image: Symson, left, and McShane)
Sports, FAST Channels Are Bright Spots For Broadcasters In A Down Quarter
Until 2024’s political windfall machine can kick in, TV groups have been leaning into revenue opportunities from sports rights and streaming prospects like FAST channels, where the breakeven mark is getting closer.
Rainmaker Content, a worldwide distributor specializing in drama, factual and special-event programming, has closed a deal with The E.W. Scripps Co. to represent its original programming and networks on the […]
Chris Nagus, senior director of storytelling and content strategy at E.W. Scripps, explains how he works closely with reporters across the group’s stations to hone their journalistic chops and storytelling skills to make for stronger newscasts. A full transcript of the conversation is included.
Broadcast Coalitions Lock Horns Over vMVPD Issue With Hundreds Of Millions Of Dollars At Stake
Dueling coalitions — the affiliate-led Coalition for Local News and O&O-led Preserve Viewer Choice Coalition — have raised the temperature on a long-simmering argument over who should be able to negotiate retransmission rights with vMVPDs. The growing size of the vMVPD revenue pot in an awful year for spot TV may have a lot to do with the timing.
The media veteran, most recently at NBCUniversal, will lead Scripps’ push to expand its share of advertising revenue in the local, national and CTV marketplaces.
Executives from NBCUniversal Local, Disney Advertising Sales Local, E.W. Scripps, Tegna and Ticker News will share the revenue upsides and expectations they’re framing up for different streaming platforms in a panel at TVNewsCheck’s TV2025: Monetizing the Future conference at the NAB Show New York on Oct. 25. Register here.
Data Dominates NextGen TV Conference
As ATSC marked its 40th anniversary at last week’s conference, conversations resoundingly turned to alternative uses for the NextGen TV spectrum including datacasting and PNT applications.
Has Scripps’ Symson Offered Local News’ Best Path To Reinvention?
E.W. Scripps President-CEO Adam Symson has laid out a bold way forward for local TV news to reengage with substance, backing it with investments and more reporters. Will the market let him stay on that path?
Scripps 1Q Station Revenue Drop 4.5%
The decrease to $312 million was driven by lower core and political advertising as well as distribution revenue. For the company as a whole, total 1Q revenue was $528 million, a decrease of 6.7%, or $37.9 million.
Word is that E.W. Scripps is laying off 300 people as part of a previously reported restructuring. Scripps News correspondent Cat Sandoval tweeted about losing her job and warned more layoffs were following.
After landing a deal to broadcast WNBA games Friday nights nationally on Ion, the E.W. Scripps Co. is looking for more sports leagues and teams to put on its national networks and local stations. “If we found another league that was the right fit and intersected so well with the demographics that we have on Ion, there’s room for more,” Scripps CEO Adam Symson says. And Scripps is also monitoring the regional sports networks situation.
Syndication, While Challenged, Remains Essential To TV Stations
Station groups and syndicators are looking to collaborate more in an effort to make new shows work for everyone.
The company promotes Dean Littleton from VP-GM of its KMGH Denver to SVP, directing the operations of all Scripps’ television stations.