CINCINNATI, April 17, 2025 /PRNewswire/ -- The E.W. Scripps Company (NASDAQ: SSP) will report first-quarter 2025 operating results after the markets close on Thursday, May 8. The call with the company's senior management team will take place at 9:30 a.m. Eastern time on Friday, May 9.

 

The company's protocol for joining its earnings calls is as follows:

To access a live webcast of the call, participants will need to register by visiting http://ir.scripps.com/. The registration link can be found on that page under "upcoming events."To dial in by phone, participants will first need to visit a website to receive the phone number. To receive a listen-only dial-in and PIN code, visit https://edge.media-server.com/mmc/p/aeukwtug/.Analysts who will be asking questions should visit this webpage to receive a different dial-in and PIN, which will identify them by name on the call: https://register-conf.media-server.com/register/BIccb5710608ad4a019fe29699909354bd

Together with viewers across the country, Scripps raised more than $289,000, providing critical aid to local communities in need

CINCINNATI, April 15, 2025 /PRNewswire/ -- The National Association of Broadcasters has awarded The E.W. Scripps Company (NASDAQ: SSP) with the 2025 "Service to America" award for its relief efforts following Hurricanes Helene and Milton. Scripps received the top honor in the television ownership group category.

CINCINNATI, April 10, 2025 /PRNewswire/ -- The E.W. Scripps Company (NASDAQ: SSP) has successfully completed a series of previously announced refinancing transactions, which include:

Refinance of approximately $110.8 million aggregate principal amount of existing tranche B-2 term loans with new tranche B-2 term loans due 2028, with remaining existing tranche B-2 term loans repaid in cash, including with proceeds from a new accounts receivable securitization facility, approximately $223.5 million of proceeds from new tranche B-2 term loans funded by certain participating lenders and cash on hand (including from drawings under our revolving credit facilities);Refinance of approximately $540.2 million (99.8%) aggregate principal amount of existing tranche B-3 term loans with $200 million new tranche B-2 term loans due 2028 and $340.2 million new tranche B-3 term loans due 2029, with remaining existing tranche B-3 term loans repaid in cash with cash on hand (including from drawings under our revolving credit facilities);Replacement of the existing revolving credit facility with a new revolving credit facility with aggregate commitments of up to $208 million due July 2027 and another new non-extended revolving credit facility with aggregate commitments of up to $70 million due January 2026; andEntrance into a new accounts receivable securitization facility with aggregate commitments of up to $450 million.

First national women's college basketball rights deal for Scripps Sports

ATLANTA, April 9, 2025 /PRNewswire/ -- ION will be the exclusive television home of the popular Elevance Health Women's Fort Myers Tip-Off, a premier early season college basketball tournament, for the next five years as part of a new multiyear agreement between Scripps Sports and award-winning agency Intersport, which manages the tournament.

WASHINGTON, March 25, 2025 /PRNewswire/ -- The Alliance for Women in Media is honoring Scripps News with a prestigious Gracie Award for its 2024 investigation, "Fentanyl: The Silent Toll."

The Gracie Awards winners were announced today. Scripps News, the national streaming channel owned by The E.W. Scripps Company (NASDAQ: SSP), also received an honorable mention in two other categories.

LAS VEGAS and CINCINNATI, March 13, 2025 /PRNewswire/ -- The Las Vegas Aces and Scripps Sports have signed a multiyear agreement to make Vegas 34 the official broadcast home of the 2022-2023 back-to-back WNBA champion Aces.

Under the new agreement, Scripps Sports will televise all non-nationally exclusive Aces games – with distribution on cable, satellite and over-the-air television. Financial terms are not being disclosed.

CINCINNATI, March 11, 2025 /PRNewswire/ -- The E.W. Scripps Company (NASDAQ: SSP) delivered $728 million in revenue for the fourth quarter of 2024, driven by record political advertising revenue. Income attributable to the shareholders of Scripps was $80.3 million or 92 cents per share.

Business notes:

The company has executed a transaction support agreement with the majority of its 2026 and 2028 term loan holders to push out its nearest-term maturity while also extending a portion of its 2028 term loan. The company also entered into commitment letters with accounts receivable securitization providers for a new A/R securitization facility and its revolving banks to extend a portion of its revolving credit facility through July 2027 once the transaction closes.More than 80% of the $343 million in Local Media division presidential-election year political revenue came from six states with Scripps markets: Arizona, Michigan, Montana, Ohio, Nevada and Wisconsin, reinforcing the value of local broadcast brands for campaigns and candidates in tightly contested swing states. The Q4 and full-year record political advertising caused significant local core advertising displacement in those states.In the Scripps Networks division, tight cost controls and the reduction of some Scripps News operations resulted in a 6.3% decrease in expenses versus the prior year, although the company also took a non-recurring charge that impacted the margin by several percentage points. The company remains on track to improve Networks division margins by at least 400-600 basis points this year.At the end of the year, the company completed new multi-year affiliation agreements with NBC and CBS.Fourth-quarter restructuring costs totaled $14.9 million related to the reductions at Scripps News and other, unrelated severance charges.On Dec. 30, the company completed the sale of San Diego broadcast transmission tower sites for $20 million and reached an agreement on the sale of its West Palm Beach station building for $40 million.The company's net leverage at year-end was 4.8x, compared to year-end 2023 leverage of 5.7x. Strong cash flow enabled the company to pay off the $330 million outstanding on its revolving credit facility during 2024.

CINCINNATI, March 11, 2025 /PRNewswire/ -- The E.W. Scripps Company (NASDAQ: SSP) has entered into a transaction support agreement (TSA) with lenders representing more than 70% of the aggregate principal amount of Scripps' outstanding tranche B-2 term loans due May 2026 and tranche B-3 term loans due June 2028. The company has also entered into commitment letters with accounts receivable securitization providers for a new A/R securitization facility and its revolving banks to extend a portion of its revolving credit facility through July 2027. These transactions will provide Scripps the runway and liquidity to continue the progress of its strategic and operating initiatives. 

Seb Salazar and Kylen Mills join as co-hosts, Coverage kicks off March 15

ATLANTA, March 4, 2025 /PRNewswire/ -- Coming off last year's inaugural season of the National Women's Soccer League (NWSL) on ION – with its broadcasts reaching more than 20 million total unique viewers* –Scripps Sports today unveiled production plans and a new studio team for the network's 2025 season coverage, which kicks off March 15. Promo here.

CINCINNATI, Feb. 27, 2025 /PRNewswire/ -- The E.W. Scripps Company (NASDAQ: SSP) will now report fourth-quarter 2024 operating results after the markets close on Tuesday, March 11. The call with the company's senior management team will take place at 9 a.m. Eastern time on Wednesday, March 12.

The company is delaying the release because it continues to actively negotiate refinancing transactions relating to its term loan and revolving credit facility with existing lenders and potential new debt capital providers. The company expects to be able to provide an update on the refinancing transaction and the results of those negotiations on its rescheduled conference call. The release had been scheduled for Thursday, Feb. 27, and the call for Friday morning, Feb. 28.