Adam Symson
Scripps sees profitable Q3 following political ad surge
Political advertising revenue reached $82.6 million during the quarter; at the same time, Scripps laid off 20 percent of its workforce.
EARNINGS REPORT
Scripps says layoffs done for now, touts higher political ad forecast
The higher political ad forecast projection comes one day after Scripps eliminated 430 positions across the company.
Scripps begins new round of layoffs impacting technical, news production roles
The layoffs come as Scripps pushes more of its local TV stations to use automated news-producing techniques, according to sources.
FIRST ON THE DESK
Scripps CEO defends layoffs, newsroom restructuring
Scripps CEO Adam Symson used cherry-picked anecdotal evidence to suggest that the company's restructuring efforts are starting to produce measurable results.
Scripps issues more pink slips as part of regional local market restructuring effort
Scripps is breaking up its local TV operations into eleven territories, served by a regional general manager who will oversee up to four markets each.
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VAB: Ads run during TV news influence purchasing decisions
Consumers show strong purchase intent when they are exposed to ad spots aired during local and national TV news programming, according to new VAB survey data.
DATA
Scripps says disputes with Comcast, DIRECTV hurt Q2 revenue
In a statement to investors, Scripps CEO Adam Symson asked for patience while the company continues to execute on a turnaround plan rooted in station deals, sports and automated production.
EARNINGS REPORT
Scripps confirms pink slips affecting nearly 270 workers
The layoffs are part of Scripps' decision to execute on a new "phase of our transformation plan," which involves centralized news production and the use of automation tools.
Scripps preparing layoffs as local stations move toward automated systems
Job loss notifications are expected to start on Tuesday, according to sources; the move comes as some local stations hold readiness meetings about new automated systems and processes.
FIRST ON THE DESK
Stanley Cup games to stream on ESPN app during DIRECTV-Scripps dispute
A prolonged blackout involving Scripps will not affect DIRECTV subscribers’ ability to watch Stanley Cup games, provided they stream them online.
FIRST ON THE DESK
Gray Media, Scripps finalize station swaps
Scripps and Gray have created new market duopolies in places like Colorado and Michigan.
Scripps narrows Q1 loss as local TV revenue offsets decline at national networks
The company reported $517 million in revenue and said its sports strategy, station sales and transformation plan are helping reduce leverage and reshape the business.
EARNINGS REPORT