Articles about "E.W. Scripps"


EW SCRIPPS HEADQUARTERS

Scripps and Journal is just the latest in a series of mega broadcast mergers

There is an underlying fact that makes the Scripps and Journal deal make sense: Broadcasting is still profitable. Second quarter earnings have been strong and topped last year’s numbers.

Wall Street loves broadcasting, and bigger broadcast companies do better than smaller ones these days. Bigger companies have more leverage to negotiate retransmission deals with cable companies. Once this deal is approved, Scripps will be the powerhouse owner of ABC stations, which gives the company leverage to influence the network. Scripps stock hit five-year highs Thursday in response to the news that the company was spinning off its newspapers from the broadcast and online properties.

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Wednesday’s  deal is part of a mosaic of mega-media mergers that have produced super-sized broadcast owners that are more than twice the size of what they were only a decade ago. These giant companies include Sinclair, Nexstar, Media General, Gannett, Gray and others all of whom have grown considerably even while newspapers retreat. Read more

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New York Times Slim

NYT acknowledges Carol Vogel lifted from Wikipedia

mediawiremorningGood morning. 10-ish, anyone?

  1. NYT acknowledges Carol Vogel lifted from Wikipedia: Part of a July 25 column “used specific language and details from a Wikipedia article without attribution; it should not have been published in that form,” a grisly editor’s note reads. (NYT) | Times spokesperson Eileen Murphy told Ravi Somaiya “editors have dealt with Carol on the issue.” (NYT) | “It seems to me that there can be little dispute about the claim,” Times Public Editor Margaret Sullivan wrote Wednesday. “Anyone can see the similarity.” (NYT)
  2. E.W. Scripps Co. and Journal Communications will combine broadcast properties, spin off newspapers: The companies “are so similar and share the deep commitment to public service through enterprise journalism,” Scripps Chairman Richard A. Boehne says. Among the newspapers in the new company, named Journal Media Group: The Milwaukee Journal Sentinel and The (Memphis, Tennessee) Commercial Appeal (Milwaukee Journal Sentinel) | “The complicated transaction is the latest move by media companies to focus on either television or print operations, with nearly all choosing to leave behind the slower-growing print business.” (NYT) | Al Tompkins: Scripps “is well positioned to cash in on mid-term political spending with stations in hotly contested political grounds of Ohio and Florida.” (Poynter) | “This deal looks much better for print spinoff than the Tribune deal.
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Poynter, Scripps announce tailored training partnership

The Poynter Institute and the E.W. Scripps Co. today announced a long-term agreement that will provide customized training for staff members in the Scripps newspaper division.

“As a longtime participant in Poynter programs, I can say with confidence that its team represents the gold standard in providing continuing education for journalists,” said Mizell Stewart III, vice president/content for the Scripps newspaper division. “Investment in learning and staff development are critical as our newsrooms transform into multi-platform local news organizations. Scripps is pleased to expand its relationship with Poynter as a key partner in building our capacity to provide readers with quality local storytelling on smartphone, tablet, web and print platforms.”

The Scripps training will include in-person workshops, online seminars and webinars led by Poynter’s faculty and industry experts. Employees can earn certificates in programs targeting specific gaps in skills.

“The E.W. Scripps Co. is one of the most respected brands in American journalism, and it has been for more than a century. Read more

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For newspaper stocks, 2013 was a surprisingly good year

Despite yet another year of falling revenues, publicly traded newspaper companies saw their share prices rise sharply during 2013.

Yes, the overall market was strong — with the S&P index up 29.5 percent and the Dow Jones up 26.5 percent.

Yes, as I and others have noted, local broadcasting is thriving with two of the next three years bringing political and Olympics advertising bonanzas and retransmission fees a continuing windfall. Gannett, E.W. Scripps and Journal Communications all benefited from their TV holdings. Read more

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Scripps plans $35M purchase of digital news service Newsy

Scripps | Tech Crunch

E.W. Scripps Co. today announced it plans to buy Newsy, a Columbia, Mo.-based video news service that started five years ago. The $35 million sale is scheduled to close Jan. 1.

Rich Boehne, Scripps chairman, president and CEO, said in a company press release that Newsy’s operations were built for a digital audience, which dovetails with Scripps’ own plans:

“This acquisition fits our digital strategy to run a national news brand that both enhances our local content offerings and gives us more access to the fast-growing digital news audiences and revenues on national platforms,” Boehne said.

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Cincinnati TV station plans paywall on its website

NetNewsCheck

WCPO will introduce a paywall for much of its website content early next year, NetNewsCheck reports.

Over the past year, the ABC affiliate’s site has added more than 30 editorial staffers to its digital reporting team, including eight veteran reporters covering local crime and justice, politics, business, education and the arts.

Paywalls are increasingly common for newspaper sites — 41 percent of U.S. dailies will have them after Digital First Media puts its paywalls in place, Ken Doctor wrote recently — but they’re an elusive species among TV stations, which could arguably benefit from competitors putting their content behind a gate.

The Cincinnati Enquirer, like all Gannett-owned papers, has a metered paywall. The E.W. Scripps Co., which owns WCPO, announced at the end of 2012 it would install paywalls for all of its newspaper sites.

You can see the stories WCPO considers premium content on its site now: They’re marked with a “9″ logo. Read more

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TV stations strong, newspapers weak in Scripps’ 2012 results

The E.W. Scripps Company
Political advertising revenue at Scripps’ television stations in the fourth quarter of 2012 was “higher than the full-year political total reported in any previous year,” the company said in an earnings report Tuesday. Local and national advertising revenue was up as well; local advertising brought in nearly as much as political ads did. All that cash led to a dramatic gain in segment profit for Scripps’ stations in the fourth quarter: “$65.3 million, compared with $23.2 million in the year-ago period,” the release said.

At Scripps’ newspapers, which include The Commercial Appeal and the Knoxville News Sentinel, circulation and print-ad revenue were down, and digital revenue scratched a small gain. Read more

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The tale of 3 paywalls: E.W. Scripps goes all in, Gannett brags, Washington Post thaws

Newspapers are on the fringe of this year’s annual UBS investors media conference in New York. Still, the meeting has provided a window on growing momentum in the industry for paid digital subscription plans.

E.W. Scripps is late to the paywall party,  announcing just two week ago that after a beta test this year in Memphis, it will roll out paid digital in its 13 other newspaper markets in 2013.

CEO Rich Boehne told me that he has become such a believer that he wants to introduce a version of paid digital content at Scripps’ dozen-plus local television stations as well.  He is not sure of the format yet, but said “we want to give it a try.” That will put Scripps among the first to experiment with paid digital on a broadcast news site.

In his presentation Tuesday, Boehne amplified that he expects the next 12 to 18 months will see most high quality local digital news moving to paid. Read more

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Revenue way up at Scripps’ TV stations, down at its newspapers

The E.W. Scripps Company
Political advertising partly accounted for a 52 percent gain in television revenue in the second quarter compared to the year before, the E.W. Scripps Company announced in its earnings report Tuesday. Revenues at Scripps’ newspapers were down 4.7 percent over the second quarter of 2011. Expenses, including the cost of acquiring McGraw-Hill’s television stations at the end of 2011, were up 8.1 percent.

At the company’s newspapers, no revenue segment posted a gain. Circulation revenue declined 3.7 percent, print advertising was down 7.2 percent and digital revenue was down 3.3 percent. Scripps attributed the latter to “softness in employment advertising and a deliberate decision to eliminate the sale of certain low-margin digital products,” and noted mobile page views were up 8 percent. (Though, as my coworker Rick Edmonds has written, monetizing mobile traffic remains a challenge for publishers.)

Scripps has $167 million in cash and cash equivalents, and $204 million in debt. Read more

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E.W. Scripps doubles down on broadcasting by buying McGraw-Hill TV stations

TV NewsCheck
E.W. Scripps’ $212 million purchase of nine McGraw-Hill’s TV stations brings Scripps’ broadcast reach to 13 percent of TV homes in U.S., TV NewsCheck reports. Scripps CEO Rich Boehne said the company decided to invest in broadcast because “it is a strong local media model that benefits from the larger TV eco-system around it. … With a license, a share of valuable spectrum, required carriage on cable systems and long-term programming partnerships, broadcast stations are good businesses today with attractive options for creating more value in the future.” The addition of the McGraw-Hill stations adds more ABC affiliates to Scripps’ roster and gives the company an entry point into the Spanish-language marketplace. The first order of business: improving the ratings of McGraw-Hill newscasts. “That’s the biggest upside to drive revenue through the organization,” said Brian Lawlor, senior vice president of television for Scripps. || Related: Wells Fargo analyst says price is a positive sign for TV industry (TV NewsCheck) | Media General’s stock price falls after Moody’s downgrades rating (Reuters) Read more

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