The increase to $473 million was driven by political advertising and retransmission consent revenue which helped offset core advertising losses due to the coronavirus pandemic.
The long-time executive will step down as chairman and retire from the board when his term expires on May 3. Kim Williams will become chair of the board, effective the same date.
The $230 million sale of the audio tech/services provider follows Scripps’ sale of its Stitcher podcast company last October.
“The global pandemic, the focus on racial justice and the intense partisanship of 2020 called on us to work harder and smarter than ever, and today we celebrate a few of the many Scripps employees across the country who rose to the occasion,” says Adam Symson, Scripps’ president.
The group recruits Jodi Chisarick from 20th Television for day-to day oversight of the national general market ad sales teams
E.W. Scripps Co. and its CEO Adam Symson are taking National News Literacy Week seriously. The company’s local local and national outlets are running public service announcements that aim to fight back fake news by urging viewers to be well informed by raising their news literacy fitness.
He will be responsible for the planning and execution of all linear and nonlinear multiplatform research related to the brands, content, marketing, distribution and advertising sales of Scripps’ national networks.
Scripps will continue to operate the Ion Television network on its 48 Ion stations’ primary channels but will cease operations of the Ion multicast networks Ion Plus, Qubo and Shop Ion, effective Feb. 28.
Scripps and the News Literacy Project launch a creative campaign ahead of the second annual National News Literacy Week, Jan. 25-29.
Scripps says the transaction provides about 60% accretion in free cash flow per share. It gives it a portfolio of 60 stations in 41 markets.
Scripps purchased WPIX as part of its acquisition of eight television stations in seven markets from Nexstar. Those stations were being divested in connection with Nexstar Media Group’s acquisition of Tribune Media in September 2019. Scripps granted Nexstar the option to buy back WPIX. The option expired at the end of 2021. Nexstar assigned its option to Mission Broadcasting, and Mission exercised the option.
Newsrooms see a “better normal” in terms of collaboration on the other side of COVID-19. Leaders from E.W. Scripps, Tegna, Fox Owned Stations and the Howard Center for Investigative Journalism says remote pandemic projects between universities, stations and even different station groups have revealed new efficiencies in communication and technological fluency that will carry forward.
Here are the complete videos and story links for TVNewsCheck’s NewsTECHForum, featuring a keynote interview with veteran news producer David Bohrman and news and technology leaders from ABC News, Hearst, Tegna, NBCU Owned Television Stations, CBS Owned Stations, ABC Owned Stations, Gray Television, Graham Media, Sinclair, E.W. Scripps, Meredith, BBC, AJ+ and more.
Social media experts at newsrooms including those of Gray, Fox, Graham and Scripps stations and national outlet Newsy says viewers have ramped up aggressive attacks on their social posts this year. At TVNewsCheck’s NewsTECHForum on Dec. 18, they said a more polarized audience has heightened their need to be more circumspect on social and to diffuse often hostile salvos they receive.
Tech leaders at E.W. Scripps, Meredith and Hubbard Broadcasting as well as at tech vendor Avid say that remote production workflows are getting more refined, while vaccine promises also have them hopeful of a return to newsrooms. “The adrenaline that goes through a newsroom is hard to duplicate at home,” said Scripps CTO Ray Thurber at last week’s NewsTECHForum.
Jason Combs, Scripps’ current financial planning VP, will replace Lisa Knutson, who will lead the newly combined businesses of Ion Media, the five Katz networks and Newsy.
The E.W. Scripps Co. has appointed television industry veterans Jeffrey Wolf and Mark Gray to top leadership positions for its new national television networks business. Both will report to Lisa Knutson, who Scripps previously announced will lead the newly combined businesses of Ion Media, the Katz networks and Newsy. Both appointments will be effective upon […]
The founder, president and chief executive officer of the Katz networks, is tapped by Scripps to lead the entertainment brands including Bounce, Laff, Grit, Court TV Mystery and the Ion networks.
The E.W. Scripps Co.’s wholly-owned subsidiary, Scripps Escrow II, has priced an offering of $550 million aggregate principal amount of new 3.875% senior secured notes and $500 million aggregate principal amount of new 5.375% senior unsecured notes. The secured notes will mature in 2029 and the unsecured notes will mature in 2031. On Sept. 24, […]
The E.W. Scripps Co.’s wholly-owned subsidiary, Scripps Escrow II, Inc. has launched an offering of $700 million of new senior secured notes and $500 million of new senior unsecured notes. The secured notes are expected to mature in 2029, and the unsecured notes are expected to mature in 2031. The private offering is subject to […]
Dan Perschke, assistant controller, becomes vice president, controller, while Rebecca Riegelsberger is tapped to be treasurer, vice president, tax.
Local Media President Brian Lawlor: “The pool of political dollars nationwide is growing tremendously, and local broadcast is taking an even larger share.” The Scripps TV group benefitted from $96.4 million in political spending.
The increase to $404 million was driven by political advertising and retransmission consent revenue which helped offset advertising losses due to the coronavirus pandemic.
The board of directors of The E.W. Scripps Co. today declared a cash dividend for the fourth quarter of 2020. Scripps shareholders of record as of Dec. 15 will receive 5 cents per share, payable on Dec. 24. The dividend will be paid out of the company’s surplus.
In an election year when voting has never been more important — or more complex — E.W. Scripps has rolled out voter resource pages across its 42 markets aggregating local deadlines, rules and instructions, along with drawing from a well of Scripps and Newsy election coverage. Above, a Scripps voter resource page from Cincinnati, similar to ones found in each of the group’s 42 markets.
With the pandemic’s duration uncertain, top ad buyers and sellers say some national clients are shifting buys to local, while per performance, automation and OTT sales are helping towards a recovery. Read the story and/or watch the full video above.
The Stitcher company includes the Midroll advertising rep firm; owned-and-operated podcast networks including the comedy-focused Earwolf; and the Stitcher podcast listening platform.
On Sept. 24, one of the biggest broadcast media mergers in recent memory was announced. The E.W. Scripps Co. is agreeing to buy Ion Media — the broadcast media network with roots in the Paxton family media operation — for $2.65 billion. The deal will not run afoul of FCC Top 4 regulations, as Scripps said it will divest of 23 Ion stations. On Oct. 14, details regarding those station spinoffs became known, thanks to an FCC filing by Ion.
EVP-CFO Lisa Knutson will lead the new Scripps national television networks business, and EVP, National Media Laura Tomlin will become chief administrative officer of the company.
The national “If You Give a Child a Book…” campaign will distribute more than 165,000 books to kids in low-income households across the country this school year after raising $825,369 during its annual fundraiser this fall. The childhood literacy campaign is led by the Scripps Howard Foundation and supported by employees of The E.W. Scripps […]
Executives from Tegna, Gray Television and E.W. Scripps will look at how to convert their surging pandemic audiences into longer-term viewers on their digital and broadcast platforms at TVNewsCheck’s TV2025: Monetizing the Future virtual event later this month. Register here.
Ranging from local digital voter guides and precinct-by-precinct coverage to in-depth national coverage, Scripps TV stations and national media businesses are producing coverage that breaks down the voting process as it unfolds and encourages voters to be actively engaged in the democratic process.
One rarely hears about a station group deciding not to pursue lucrative retransmission consent fees but when E.W. Scripps agreed to acquire Ion Media for $2.65 billion, it said the Ion stations would stick to must-carry. Analysts initially said they were surprised by the unusual strategy and asked about it during a conference call in which Scripps executives went over details of the transaction.
TVNewsCheck‘s Michael Depp and Harry Jessell unpack what matters about E.W. Scripps’ acquisition of Ion Media and recap last week’s OTT News Summit, which spotlighted the “operational agility” of streaming news in a year of surging pandemic audiences.
Streaming executives from E.W. Scripps, NBCUniversal Owned Stations, CBC and Sinclair say the pandemic drove record numbers to their streaming sites, boosting ad impressions and creating more inroads to advertisers.
Broadcasters, including CBS, E.W. Scripps, Hearst, Tegna and Graham Media, are bolstering their fact-checking operations as the 2020 election looms closer, partnering with outside groups like Politifact, FactCheck.org and First Draft to ensure their own trustworthiness with local viewers.
E.W. Scripps released this statement Sunday: “Scripps has reached an agreement with Dish, and all Scripps stations are back on the air for Dish subscribers. We apologize for the disruption in service our viewers experienced and thank them for their loyalty and patience through this period.”
Scripps says Dish is not being honest in their carriage dispute, and further alleges the satcaster is not motivated to settle because it’s making a profit from the blackout. Dish has been without Scripps’ 60 local network affiliates in 42 markets since July 25 when the two companies could not agree on a new carriage pact. The satellite service claims that Scripps is asking for excessive fees to carry its signals, a 250% increase over the previous rate. But in a statement released Monday, Scripps says Dish is not agreeing to a new deal because it does not have to pay the broadcaster during the blackout.