Latest news with #E.W.ScrippsCompany
Kuwait Times
4 days ago
- Entertainment
- Kuwait Times
Faizan Zaki, 13, crowned US National Spelling Bee champion
Faizan Zaki, a 13-year-old boy from the Dallas area, won the 97th Scripps National Spelling Bee on Thursday, swiftly nailing the French-derived word 'eclaircissement,' synonymous with enlightenment, in the 21st round of the contest finals. He edged out 14-year-old Sarvadnya Kadam, from Visalia, California, who finished in second place after misspelling 'Uaupes,' a tributary of the Rio Negro in South America, in the 20th round. Zaki, who was last year's runner-up, had correctly spelled 'Chaldee,' a dialect of the Biblical Aramaic language, in the 20th round. But under spelling bee rules, Zaki needed to land one more word in a solo round to claim the trophy. He did so in round 21 by instantly and precisely spelling 'eclaircissement' - defined as a clearing up of something obscure. He surprised the audience by giving his answer without taking the customary pause afforded contestants to ask the judges for more information about the word's origins, meaning and pronunciation. He was crowned champion in a hail of confetti before being joined on stage by his parents and other relatives, and will receive $50,000 in prize money. Cyleane Equra Ama Quansah, 11, of Accra, Ghana spells her word. Kaden Haddox (left), 12, of Steubenville, Ohio reacts after successfully spelling his word in the preliminaries. The spelling finalists are seen before the finals of the 2025 Scripps National Spelling Bee. Faizan Zaki , 13, of Dallas, Texas holds up the Scripps Cup after winning in the 21st round of the 2025 Scripps National Spelling Bee. Faizan Zaki, (second right) 13, of Dallas, Texas holds the Scripps Cup alongside family and friends after winning. E. W. Scripps Company CEO Adam Symson (left) hands Faizan Zaki (right), 13, of Dallas, Texas the Scripps Cup after winning in the 21st round of the 2025 Scripps National Spelling Bee. Zaki, a resident of Allen, Texas, had nearly been eliminated in round 18 when he rushed, and stumbled over, the spelling of 'commelina,' a genus for some 200 species of dayflowers. But his two fellow finalists at that point, including Kadam, likewise fumbled their words, leading to a 19th round in which all three boys returned, but only two - Zaki and Kadam - survived to face off in the decisive 20th round. Sarv Dharavane, an 11-year-old boy from Tucker, Georgia, finished in third place after misspelling 'eserine,' the antidote of choice for many poisons, with one 's' too many. Thursday's total roster of nine finalists emerged from three days of competition at a convention center outside Washington, DC, among 243 contestants aged eight to 14 who advanced from regional competitions across the country. Challenged with some of the most difficult and least-used words that English has to offer, many young competitors amazed spectators with their ability to produce the correct spellings with poise and precision. The Scripps media group has sponsored the event since 1925, with three years off during World War Two and one more for the COVID pandemic in 2020. Most competitors were from the United States, coming from all 50 states. Other spellers came from Canada, the Bahamas, Germany, Ghana, Kuwait, Nigeria, Puerto Rico and the US Virgin Islands. - Reuters
Business Insider
12-05-2025
- Business
- Business Insider
Wells Fargo Keeps Their Hold Rating on E. W. Scripps Company Class A (SSP)
Wells Fargo analyst Steven Cahall maintained a Hold rating on E. W. Scripps Company Class A (SSP – Research Report) on May 9 and set a price target of $2.80. The company's shares closed last Friday at $2.32. Protect Your Portfolio Against Market Uncertainty Discover companies with rock-solid fundamentals in TipRanks' Smart Value Newsletter. Receive undervalued stocks, resilient to market uncertainty, delivered straight to your inbox. Cahall covers the Communication Services sector, focusing on stocks such as Paramount Global Class B, Roku, and E. W. Scripps Company Class A. According to TipRanks, Cahall has an average return of 6.1% and a 52.35% success rate on recommended stocks. E. W. Scripps Company Class A has an analyst consensus of Moderate Buy, with a price target consensus of $6.93. Based on E. W. Scripps Company Class A's latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $728.38 million and a net profit of $95.39 million. In comparison, last year the company earned a revenue of $615.77 million and had a GAAP net loss of $255.76 million
Yahoo
10-04-2025
- Business
- Yahoo
Scripps completes transactions to refinance revolver and 2026, 2028 term loans
CINCINNATI, April 10, 2025 /PRNewswire/ -- The E.W. Scripps Company (NASDAQ: SSP) has successfully completed a series of previously announced refinancing transactions, which include: Refinance of approximately $110.8 million aggregate principal amount of existing tranche B-2 term loans with new tranche B-2 term loans due 2028, with remaining existing tranche B-2 term loans repaid in cash, including with proceeds from a new accounts receivable securitization facility, approximately $223.5 million of proceeds from new tranche B-2 term loans funded by certain participating lenders and cash on hand (including from drawings under our revolving credit facilities); Refinance of approximately $540.2 million (99.8%) aggregate principal amount of existing tranche B-3 term loans with $200 million new tranche B-2 term loans due 2028 and $340.2 million new tranche B-3 term loans due 2029, with remaining existing tranche B-3 term loans repaid in cash with cash on hand (including from drawings under our revolving credit facilities); Replacement of the existing revolving credit facility with a new revolving credit facility with aggregate commitments of up to $208 million due July 2027 and another new non-extended revolving credit facility with aggregate commitments of up to $70 million due January 2026; and Entrance into a new accounts receivable securitization facility with aggregate commitments of up to $450 million. As a result of the transactions: No existing B-2 term loans, existing B-3 term loans or existing revolving commitments remain outstanding; Scripps has $545.2 million aggregate principal amount of new tranche B-2 term loans outstanding and $340.2 million aggregate principal amount of new tranche B-3 term loans outstanding; and Scripps will have total aggregate revolving commitments of up to $278 million, inclusive of the new non-extended revolving credit facility set forth above. The completion of the transactions strengthens the balance sheet by extending maturities and providing the company flexibility to continue execution of key strategic initiatives. The company will file a Form 8-K with the Securities and Exchange Commission that will contain further details regarding the completion of the transactions. The foregoing descriptions of the transactions do not purport to be complete and are qualified in their entirety by reference to the Form 8-K and exhibits thereto. Simpson Thacher & Bartlett LLP served as counsel and Perella Weinberg Partners served as financial advisor to the company. Davis Polk & Wardwell LLP served as counsel and Moelis & Company LLC served as exclusive financial advisor and investment banker to an ad hoc group of certain of existing B-2 and B-3 lenders. Cahill Gordon & Reindel LLP acted as counsel to JPMorgan Chase Bank, N.A., as administrative agent for the new credit facilities and left lead arranger with respect to the new revolving credit facility. Mayer Brown LLP served as counsel to PNC Bank, National Association, as administrative agent and a lender with respect to the new accounts receivable securitization facility. Orrick Herrington & Sutcliffe LLP served as counsel to KKR Credit Advisors (US) LLC, on behalf of itself, certain of its affiliates and its or their managed funds and accounts, as a lender with respect to the new accounts receivable securitization facility. This press release is not intended to be, and does not constitute, an offer to sell, buy or subscribe for any securities or otherwise, nor shall there be any sale, issuance or transfer of securities in any jurisdiction in contravention of applicable law. In particular, this communication is not an offer of securities for sale into the United States or any other jurisdiction. No offer of securities shall be made absent registration under the Securities Act of 1933, as amended, or pursuant to an exemption from, or in a transaction not subject to, such registration requirements. Forward-looking statementsThis document contains "forward-looking statements" within the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements can be identified by words such as: "believe," "anticipate," "intend," "expect," "estimate," "could," "should," "outlook," "guidance," and similar references to future periods. Examples of forward-looking statements include, among others, statements the company makes regarding expected operating results and future financial condition. Forward-looking statements are neither historical facts nor assurances of future performance. Instead, they are based only on management's current beliefs, expectations, and assumptions regarding the future of the industry and the economy, the company's plans and strategies, anticipated events and trends, and other future conditions. Because forward-looking statements relate to the future, they are subject to inherent risks, uncertainties, and changes in circumstance that are difficult to predict and many of which are outside of the company's control. The company's actual results and financial condition may differ materially from those indicated in the forward-looking statements. Therefore, you should not rely on any of these forward-looking statements. Important factors that could cause the company's actual results and financial condition to differ materially from those indicated in the forward-looking statements include, among others, the following: change in advertising demand, fragmentation of audiences, loss of affiliation agreements, loss of distribution revenue, increase in programming costs, changes in law and regulation, the company's ability to identify and consummate strategic transactions, the controlled ownership structure of the company, and the company's ability to manage its outstanding debt obligations. These statements include, but are not limited to, the company's ability to realize the intended benefits of the refinancing transactions described above. A detailed discussion of such risks and uncertainties is included in the company's Form 10-K, on file with the SEC, in the section titled "Risk Factors." Any forward-looking statement made in this document is based only on currently available information and speaks only as of the date on which it is made. The company undertakes no obligation to publicly update any forward-looking statement, whether written or oral, that may be made from time to time, whether as a result of new information, future developments, or otherwise. Media contact: Becca McCarter, The E.W. Scripps Company, (513) 410-2425, contact: Carolyn Micheli, The E.W. Scripps Company, (513) 313-5910, About ScrippsThe E.W. Scripps Company (NASDAQ: SSP) is a diversified media company focused on creating connection. As one of the nation's largest local TV broadcasters, Scripps serves communities with quality, objective local journalism and operates a portfolio of more than 60 stations in 40+ markets. Scripps reaches households across the U.S. with national news outlets Scripps News and Court TV and popular entertainment brands ION, ION Plus, ION Mystery, Bounce, Grit and Laff. Scripps is the nation's largest holder of broadcast spectrum. Its Scripps Sports division serves professional and college sports leagues, conferences and teams with local market depth and national broadcast reach of up to 100% of TV households. Founded in 1878, Scripps is the steward of the Scripps National Spelling Bee, and its longtime motto is: "Give light and the people will find their own way." View original content to download multimedia: SOURCE The E.W. Scripps Company Sign in to access your portfolio
Yahoo
27-02-2025
- Business
- Yahoo
Scripps to report fourth-quarter 2024 operating results on March 11, new earnings call date and time March 12
CINCINNATI, Feb. 27, 2025 /PRNewswire/ -- The E.W. Scripps Company (NASDAQ: SSP) will now report fourth-quarter 2024 operating results after the markets close on Tuesday, March 11. The call with the company's senior management team will take place at 9 a.m. Eastern time on Wednesday, March 12. The company is delaying the release because it continues to actively negotiate refinancing transactions relating to its term loan and revolving credit facility with existing lenders and potential new debt capital providers. The company expects to be able to provide an update on the refinancing transaction and the results of those negotiations on its rescheduled conference call. The release had been scheduled for Thursday, Feb. 27, and the call for Friday morning, Feb. 28. As previously announced, the company has a new protocol for joining its earnings calls. This information for the March 12 call remains unchanged for those who previously registered: To access a live webcast of the call, participants will need to register by visiting The registration link can be found on that page under "upcoming events." To dial in by phone, participants will first need to visit a website to receive the phone number. To receive a listen-only dial-in and PIN code, visit Analysts who will be asking questions should visit this webpage to receive a different dial-in and PIN, which will identify them by name on the call: A replay of the conference call will be archived and available online for an extended period of time. To access the audio replay, visit approximately four hours after the call, and the link can be found on that page under "audio/video links." Forward-looking statementsThis document contains "forward-looking statements" within the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements can be identified by words such as: "believe," "anticipate," "intend," "expect," "estimate," "could," "should," "outlook," "guidance," and similar references to future periods. Examples of forward-looking statements include, among others, statements the company makes regarding expected operating results and future financial condition. Forward-looking statements are neither historical facts nor assurances of future performance. Instead, they are based only on management's current beliefs, expectations, and assumptions regarding the future of the industry and the economy, the company's plans and strategies, anticipated events and trends, and other future conditions. Because forward-looking statements relate to the future, they are subject to inherent risks, uncertainties, and changes in circumstance that are difficult to predict and many of which are outside of the company's control. The company's actual results and financial condition may differ materially from those indicated in the forward-looking statements. Therefore, you should not rely on any of these forward-looking statements. Important factors that could cause the company's actual results and financial condition to differ materially from those indicated in the forward-looking statements include, among others, the following: change in advertising demand, fragmentation of audiences, loss of affiliation agreements, loss of distribution revenue, increase in programming costs, changes in law and regulation, the company's ability to identify and consummate strategic transactions, the controlled ownership structure of the company, and the company's ability to manage its outstanding debt obligations. A detailed discussion of such risks and uncertainties is included in the company's Form 10-K, on file with the SEC, in the section titled "Risk Factors." Any forward-looking statement made in this document is based only on currently available information and speaks only as of the date on which it is made. The company undertakes no obligation to publicly update any forward-looking statement, whether written or oral, that may be made from time to time, whether as a result of new information, future developments, or otherwise. Media contact: Becca McCarter, The E.W. Scripps Company, (513) 410-2425, contact: Carolyn Micheli, The E.W. Scripps Company, (513) 313-5910, About ScrippsThe 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 more than 60 stations in 40+ markets. Scripps reaches households across the U.S. with national news outlets Scripps News and Court TV and popular entertainment brands ION, ION Plus, ION Mystery, Bounce, Grit and Laff. Scripps is the nation's largest holder of broadcast spectrum. Scripps is the longtime steward of the Scripps National Spelling Bee. Founded in 1878, Scripps' long-time motto is: "Give light and the people will find their own way." View original content to download multimedia: SOURCE The E.W. Scripps Company Sign in to access your portfolio
Yahoo
26-01-2025
- Business
- Yahoo
Shareholders in E.W. Scripps (NASDAQ:SSP) are in the red if they invested three years ago
The E.W. Scripps Company (NASDAQ:SSP) shareholders should be happy to see the share price up 12% in the last month. But only the myopic could ignore the astounding decline over three years. The share price has sunk like a leaky ship, down 89% in that time. So it's about time shareholders saw some gains. But the more important question is whether the underlying business can justify a higher price still. We really feel for shareholders in this scenario. It's a good reminder of the importance of diversification, and it's worth keeping in mind there's more to life than money, anyway. Since shareholders are down over the longer term, lets look at the underlying fundamentals over the that time and see if they've been consistent with returns. See our latest analysis for E.W. Scripps In his essay The Superinvestors of Graham-and-Doddsville Warren Buffett described how share prices do not always rationally reflect the value of a business. One flawed but reasonable way to assess how sentiment around a company has changed is to compare the earnings per share (EPS) with the share price. We know that E.W. Scripps has been profitable in the past. On the other hand, it reported a trailing twelve months loss, suggesting it isn't reliably profitable. Other metrics might give us a better handle on how its value is changing over time. With revenue flat over three years, it seems unlikely that the share price is reflecting the top line. We're not entirely sure why the share price is dropped, but it does seem likely investors have become less optimistic about the business. You can see how earnings and revenue have changed over time in the image below (click on the chart to see the exact values). Balance sheet strength is crucial. It might be well worthwhile taking a look at our free report on how its financial position has changed over time. Investors in E.W. Scripps had a tough year, with a total loss of 75%, against a market gain of about 27%. However, keep in mind that even the best stocks will sometimes underperform the market over a twelve month period. Unfortunately, last year's performance may indicate unresolved challenges, given that it was worse than the annualised loss of 13% over the last half decade. Generally speaking long term share price weakness can be a bad sign, though contrarian investors might want to research the stock in hope of a turnaround. While it is well worth considering the different impacts that market conditions can have on the share price, there are other factors that are even more important. Consider for instance, the ever-present spectre of investment risk. We've identified 1 warning sign with E.W. Scripps , and understanding them should be part of your investment process. Of course, you might find a fantastic investment by looking elsewhere. So take a peek at this free list of companies we expect will grow earnings. Please note, the market returns quoted in this article reflect the market weighted average returns of stocks that currently trade on American exchanges. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Sign in to access your portfolio
