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 http://ir.scripps.com/. 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
https://edge.media-server.com/mmc/p/y44dw9eo.
- 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:
https://register.vevent.com/register/BIa458b9819c634e05aa8e61b86fdd7c2d
A replay of the conference call will be archived and available
online for an extended period of time. To access the audio replay,
visit http://ir.scripps.com/ approximately four hours after the
call, and the link can be found on that page under "audio/video
links."
Forward-looking statements
This 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,
rebecca.mccarter@scripps.com
Investor contact: Carolyn
Micheli, The E.W. Scripps Company, (513) 313-5910,
carolyn.micheli@scripps.com
About Scripps
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 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."
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SOURCE The E.W. Scripps Company
