EW Scripps A Company profile
About E W Scripps Co
The E. W. Scripps Company is a media enterprise with interests in local and national media brands. The Company segments include Local Media and Scripps Networks. Its Local Media segment includes its 61 local broadcast stations and their related digital operations. Its television station group includes approximately 18 ABC affiliates, 11 NBC affiliates, nine CBS affiliates and four FOX affiliates. It also has approximately 12 CW affiliates - four on full power stations and eight on multicast; five independent stations and 10 additional low power stations. In its Scripps Networks division, it operates over nine news and entertainment networks, namely, ION, Bounce, Court TV, Defy TV, Grit, ION Mystery, Laff, Newsy and TrueReal. The Company serves audiences and businesses in its Local Media division through a portfolio of local television stations and their associated digital media products. It also operates an investigative reporting newsroom in Washington, District of Columbia (D.C.)
Financial summary
BRIEF: For the fiscal year ended 31 December 2021, E W Scripps Co revenues increased 23% to $2.28B. Net income applicable to common stockholders excluding extraordinary items decreased 56% to $66.5M. Revenues reflect Local Media segment increase of 55% to $2.28B, Other segment increase from $3.9M to $26.9M. Net income was offset by Interest expense increase of 78% to $165.2M (expense), Amortization of intangible assets increase of 83% to $103.6M (expense).
Equity composition
Common Stock Cl. A $.01 Par, 03/11, 240M auth., 47,466,361 issd. Insiders & strategic holders own 32.36%. IPO 12/93, 4,000,000 shs @ $26 by Merrill Lynch. Common Voting Shares $.01 Par, 60M auth., 11,932,735 issd. 3/08, 1-for-3 reverse stock split.
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