SSP News & Events

The E.W. Scripps Company has launched an enterprise-wide transformation plan designed to improve operating performance and unlock new value, targeting annualized enterprise EBITDA growth of $125M-$150M by 2028. The company will deliver this improved EBITDA run-rate through cost savings and revenue growth initiatives that will leverage technology including AI and automation and increase revenue yield on its existing businesses. Scripps President and CEO Adam Symson reaffirmed Scripps' commitment to its local and national news, sports and entertainment programming, which Americans depend on to connect them to their communities, to their favorite teams, to their passions and to each other. The transformation will reorient the enterprise around the company's new vision: "We Create Connection." The company, which reports its fourth-quarter and year-end 2025 earnings after market close on Feb. 25, today also reaffirmed the guidance it issued with its earnings results on Nov. 6. Looking ahead, Scripps is expecting 2026 financial performance to be bolstered by a robust mid-term election spending year, the Winter Olympics on its 11 NBC stations and the televised World Cup competitions in North America as well as its Scripps Sports partnerships, its networks distribution on connected TV and the results of accretive divestiture & acquisition activity. Symson said the transformation plan is a proactive move to best-position the company to compete in the changing media industry.

The E.W. Scripps Company has reached an agreement to sell its Court TV network to Law&Crime - the multiplatform true crime and legal content studio created and led by ABC News Chief Legal Analyst Dan Abrams and now owned by media creator holding company Jellysmack. Scripps relaunched Court TV in May 2019 after acquiring the rights from Turner Broadcasting. Since then, the network has delivered viewers access to some of the most gripping trials of the last several years, including Johnny Depp v. Amber Heard, Alex Murdaugh and the trial of Minneapolis police officer Derek Chauvin. Financial details are not being disclosed.

Sinclair (SBGI) filed with the SEC the full text of letters exchanged between the company and E.W. Scripps (SSP). Sinclair issued the following statement: "Over the last few weeks, Sinclair has continued to reinforce to Scripps its willingness to engage on a proposed Sinclair-Scripps combination. Scripps has refused the invitations to speak with its single largest shareholder and instead has stated its preference to execute its standalone plan. Our last proposal to Scripps represents a premium of more than 240% over Scripps' unadjusted share price, while the cash portion alone represents a 32.7% premium over the unadjusted share price. We believe this proposal is attractive to Scripps' shareholders and, at a minimum, is worthy of engagement. As we evaluate our options, the previously announced strategic review of Sinclair's Broadcast business and work related to the separation of Ventures will continue. Our Board and management team are committed to unlocking the full potential of both businesses and driving continued value creation for all Sinclair shareholders."