The E.W. Scripps Company recently shared its investor presentation, highlighting several key aspects of its financial performance and strategic initiatives. The presentation outlines Scripps' national and local reach, with its national networks accessible to all U.S. TV households and local stations reaching 38.4% of U.S. TV households, including major markets like Tampa and Phoenix. Financial highlights for 2024 include an operating revenue of $2.51 billion, net income of $146 million, and an adjusted EBITDA of $598 million, resulting in an adjusted EBITDA margin of 23.8%. The company also emphasized the impact of its sports programming, notably the success of the WNBA Friday Night Spotlight on ION and important contributions from sports events such as the Stanley Cup playoffs and NBA Finals to its revenue. Additionally, the presentation touched upon Scripps' financial drivers, debt and leverage updates, and future growth strategies. You can access the full presentation through the link below.
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