Sector: Consumer Cyclicals | Industry: Broadcasting |
See Regulatory Filings on SEC |
Company Contact | |
Address: | 312 Walnut St CINCINNATI OH 45202-4024 |
Tel: | 1-513-9773732 |
Website: | https://scripps.com |
IR: | See website |
Key People | ||
Adam P. Symson President, Chief Executive Officer, Director | Merri Hanson Vice President, General Manager - KSTU | Jason P. Combs Chief Financial Officer, Executive Vice President |
Brian G. Lawlor President - Scripps Sports | Kate O'brian President - Scripps News | Lisa Ann Knutson Chief Operating Officer |
Laura M. Tomlin Executive Vice President, Chief Administrative Officer | William Appleton Executive Vice President, General Counsel | Daniel W. Perschke Principal Accounting Officer, Vice President, Controller | Keisha Taylor Starr Chief Marketing Officer |
Business Overview |
The E.W. Scripps Company is a diverse media enterprise that serves audiences and businesses through a portfolio of more than 60 local television stations in more than 40 markets and national news and entertainment networks. Its Local Media segment includes more than 60 local television stations and their related digital operations. Its television station group includes approximately 25% of the nation's television households and includes 18 ABC affiliates, 11 NBC affiliates, nine CBS affiliates and four FOX affiliates. It also has seven CW affiliates-four on full power stations and three on multicast; seven independent stations and 10 additional low power stations. Its Scripps Networks segment includes national news outlets Scripps News and Court TV, as well as entertainment brands ION, Bounce, Defy TV, Grit, ION Mystery and Laff. The networks reach nearly every United States television home through free over-the-air broadcast, cable/satellite, connected TV and digital distribution. |
Financial Overview |
For the fiscal year ended 31 December 2023, E W Scripps Co revenues decreased 7% to $2.29B. Net loss applicable to common stockholders totaled $998.1M vs. income of $141.9M. Revenues reflect a decrease in demand for the Company's products and services due to unfavorable market conditions. Net loss reflects Interest expense - Balancing value increase of 31% to $211.4M (expense), Restructuring costs increase from $0K to $38.6M (expense). |
Employees: | 5,200 as of Dec 31, 2023 |
Reporting Currency: | U.S. Dollars |
Enterprise value: | $3,659M as of Dec 31, 2023 |
Annual revenue (TTM): | $2,293M as of Dec 31, 2023 |
EBITDA (TTM): | $394.82M as of Dec 31, 2023 |
Net annual income (TTM): | -$998.09M as of Dec 31, 2023 |
Free cash flow (TTM): | $3.98M as of Dec 31, 2023 |
Net Debt Last Fiscal Year: | $2,907M as of Dec 31, 2023 |
Shares outstanding: | 85,237,962 as of Mar 12, 2024 |
Index Membership: | S&P 600 Small Cap |
TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization |