INVESTMENT HIGHLIGHTS
SCRIPPS INVESTMENT HIGHLIGHTS
AFTER SEVERAL YEARS OF TRANSFORMATION AND VALUE CREATION, SCRIPPS IS A FULL-SCALE TV ENTERPRISE AND POWERFUL ECONOMIC ENGINE
Capturing the greatest value in Local Media from political advertising and retransmission revenue Capitalizing on the resilient national advertising marketplace and our owned-and-operated distribution to grow revenue and expand margins in the Scripps Networks division
Helping set the course for the future of broadcast television as one of the largest holders of spectrum in the U.S.
Strengthening our balance sheet through continued de-leveraging
SCRIPPS IS CAPITALIZING ON THE GROWING CTV MARKETPLACE AS IT EXTENDS ITS LEADERSHIP IN FREE, AD-SUPPORTED TV
YouTubeTV | LIVE | LIVE | N/A | LIVE | LIVE | LIVE | LIVE |
Samsung TV Plus | LIVE | LIVE | LIVE | LIVE | LIVE | LIVE | LIVE |
Vizio WatchFree+ | LIVE | LIVE | LIVE | LIVE | LIVE | LIVE | LIVE |
Roku Channel | LIVE | LIVE | LIVE | LIVE | LIVE | LIVE | LIVE |
Xumo | LIVE | LIVE | LIVE | LIVE | LIVE | LIVE | LIVE |
Tubi | LIVE | LIVE | LIVE | LIVE | LIVE | LIVE | LIVE |
FuboTV | LIVE | LIVE | LIVE | LIVE | LIVE | LIVE | LIVE |
TCL | LIVE | LIVE | LIVE | LIVE | LIVE | LIVE | LIVE |
FreeVee | LIVE | LIVE | LIVE | LIVE | LIVE | LIVE | LIVE |
Amazon News | LIVE | LIVE | N/A | N/A | N/A | N/A | N/A |
FALL 2022
Q3 EARNINGS CALL HIGHLIGHTS
Connected TV refers to any television delivered through the Internet.
- Apps on smart TVs such as Netflix, Pluto and YouTube TV
- Apps or services that come with your TV, such as Samsung TV Plus and Vizio Watch Free
- Hardware devices such as Roku; and gaming consoles such as Xbox that deliver programming
The E.W. Scripps Company
(NASDAQ: SSP) is a diversified media company focused
on creating a better-informed world. As one of the nation's largest local TV broadcasters, Scripps
serves communities with quality, objective local journalism and operates a portfolio of 61 stations in 41 markets. The Scripps Networks reach nearly every American through the national news outlets Court TV and Newsy and popular entertainment brands ION, Bounce, Defy TV, Grit, ION Mystery, Laff and TrueReal. Scripps is one of the nation's largest holders of broadcast spectrum. Scripps runs an award-winning investigative reporting newsroom in Washington, D.C., and is the longtime steward of the Scripps National Spelling Bee. Founded in 1878, Scripps has held for decades to the motto, "Give light and the people will find their own way."
CAROLYN MICHELI SENIOR VICE PRESIDENT, CORPORATE COMMUNICATIONS & INVESTOR RELATIONS
CAROLYN.MICHELI@SCRIPPS.COM 513.977.3732
INVESTMENT HIGHLIGHTS
FALL 2022
SCRIPPS IS NOW ONE OF THE NATION'S LARGEST LOCAL AND NATIONAL TV NEWS AND ENTERTAINMENT COMPANIES
LOCAL MEDIA DIVISION | SCRIPPS NETWORKS DIVISION |
Scripps' Local Broadcast Group is comprised of 61 stations from coast to coast, including 42 Big Four network affiliates and 10 duopolies. Revenue in 2021 was $1.3 billion.
SCRIPPS DELIVERS RECORD MIDTERM
POLITICAL REVENUE
$ in millions
FINANCIAL RESULTS BY DIVISION
The Scripps Networks group is comprised of nine news and entertainment networks that each reach nearly all U.S. TV households over the air and will be distributed on all the major connected TV platforms by later this year. Adjusted-combined revenue in 2021 was $959 million.
BECAUSE WE ARE LEADERS IN OVER-THE- AIR NETWORKS, SCRIPPS ALSO PLANS TO ACCELERATE GROWTH OF OTA VIEWING
Share of national network viewing within the OTA universe: Primetime, total viewers 2022
Source: Nielsen
Local Media | 2022 | 2021 | Scripps Networks* | 2022 | 2021 | ||||||||||||
(in millions) | Q1 | Q2 | Q3 | Q1 | Q2 | Q3 | Q4 | (in millions) | Q1 | Q2 | Q3 | Q1 | Q2 | Q3 | Q4 | ||
Core | $157.3 | $157.7 | $146.9 | $152.1 | $161.0 | $167.3 | $183.5 | Segment operating revenues | |||||||||
$239.1 | $238.9 | $235.4 | $220.4 | $238.7 | $226.5 | $272.9 | |||||||||||
Political | 5.8 | 24.0 | 63.2 | 1.3 | 3.2 | 7.1 | 11.1 | Segment costs & expenses | 154.0 | 165.6 | 163.4 | 125.2 | 131.4 | 143.2 | 166.5 | ||
Retransmission and | 159.6 | 171.1 | 164.7 | 155.7 | 156.3 | 153.5 | 151.8 | Segment profit | 85.1 | 73.3 | 72.0 | 95.2 | 107.3 | 83.3 | 106.4 | ||
carriage fees | |||||||||||||||||
Other | 4.0 | 3.0 | 3.6 | 3.5 | 4.3 | 3.4 | 4.3 | ||||||||||
*This table is based on adjusted combined historical results that do not necessarily reflect what the | |||||||||||||||||
Segment operating revenue | 326.7 | 355.8 | 378.4 | 312.6 | 324.8 | 331.3 | 350.7 | historical results would have been and are not necessarily indicative of future results. We provided | |||||||||
non-GAAP supplemental information for certain revenues and expenses for prior-year periods on | |||||||||||||||||
Segment costs & expenses | 272.3 | 275.1 | 278.8 | 256.7 | 260.2 | 265.9 | 268.5 | an adjusted combined basis in order to illustrate what Scripps Networks would have been had the | |||||||||
ION acquisition been effective at the beginning of 2021. Refer to the Supplemental Information | |||||||||||||||||
Segment profit | 54.4 | 80.7 | 99.6 | 55.9 | 64.6 | 65.4 | 82.2 | section of our most recent press release tables for details of the assumptions contained in them. | |||||||||
CAROLYN MICHELI SENIOR VICE PRESIDENT, CORPORATE COMMUNICATIONS & INVESTOR RELATIONS
CAROLYN.MICHELI@SCRIPPS.COM 513.977.3732
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The E.W. Scripps Company published this content on 10 November 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 10 November 2022 16:28:02 UTC.