E W Scripps Co (OQ:SSP)

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
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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

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