E.W. Scripps Reports Strong Q4 2024 Results

E. W. Scripps Company Class A ( (SSP) ) has released its Q4 earnings. Here is a breakdown of the information E. W. Scripps Company Class A presented to its investors.

The E.W. Scripps Company is a diversified media enterprise that operates as one of the largest local TV broadcasters in the United States, providing quality journalism and entertainment through its various national news outlets and entertainment brands.

In its fourth-quarter earnings report for 2024, E.W. Scripps Company reported a significant increase in revenue, reaching $728 million, largely due to record political advertising revenue. The company also highlighted strategic financial maneuvers to manage its debt and improve its financial standing.

Key financial metrics revealed a robust performance in the Local Media segment, with a 34% increase in revenue driven by political advertising, despite a decline in core advertising revenue. The Scripps Networks segment saw a decrease in revenue, but the company managed to reduce expenses through cost controls. Additionally, the company completed several strategic transactions, including the sale of assets and refinancing of debt, which contributed to a decrease in net leverage.

Looking forward, E.W. Scripps Company is focused on further improving its financial performance and margins, particularly within the Scripps Networks division. The company is also optimistic about potential regulatory changes that could benefit the local broadcast industry, aiming to enhance shareholder value and strengthen community connections.