by Alyssa Di Rienzo
Scripps Television Network
Current Events
Late 2011:
Company introduces smartphone and table apps.
December 30th 2011:
Scripps completes its acquisition of McGraw-Hill Broadcasting for $212 million in cash
Includes 9 stations – 4 ABC affiliates, 5 affiliates of Aztec Broadcasting Networks
http://www.mediabistro.com/tvspy/mcgraw-hill-sells-tv-stations-to-scripps-for-212-million_b24080
2011 Quarter 4:
Scripps Reports 16% decrease in Q4 revenue – 84.7 million dollars in revenue for the group
Advertising increased 11.4%
Quote from CEO: “We substantially repositioned Scripps in 2011, clearing the way for improved performance in 2012, enlarging our television footprint, and enabling an aggressive rollout of new digital products and services,” Scripps president and CEO Rich Boehne said.
http://www.mediabistro.com/tvspy/scripps-reports-16-decrease-in-q4-revenue-looks-to-future-following-mcgraw-hill-acquisition_b40233
2012 Quarter 1:
Scripps Television group plans to replace syndicated programming such as Wheel of Fortune and Jeopardy with original programming in late 2012. The SVP of TV claims that the project has been in the works for over 2 years.
http://www.tvnewscheck.com/article/2012/02/24/57684/scripps-to-swap-syndie-fare-for-own-shows
February 27, 2012
The E,W. Scripps group announced that the company plans to expand its television investigation reporting operations in Washington DC. The company claims that they are “enhancing [their]TV investigation team to provide stories with national impact.”
With the expansion, will come a new investigation team. The team will launch a more intense review and analysis on governmental actions. The team will also work closely with Scripps Newspaper.
http://broadcastengineering.com/news/scripps_expands_dc_investigate_reporting_03162012/
March 2, 2012
Scripps reveals that they will begin working on their own game show to rival classics such as Wheel of Fortune and Jeopardy. The programming is set to air on 7 major stations in the US
http://www.bizjournals.com/cincinnati/print-edition/2012/03/02/scripps-crafting-programs-to-rival.html
March 7, 2012
Scripps files its 10 K and exceeded expectations on both revenues and earnings per share.
Revenue = 197.4 million
The company also estimated next quarter’s revue at 202.8 million dollars
http://www.msnbc.msn.com/id/46704755/ns/business-motley_fool/#.T2-oD-xWrrE
March 22, 2012
Scripps TV stations announced that is it giving more responsibility to 3 of their general managers. Ed Fernandez, Sam Rosenwasser and Steve Wasserman will now be responsible for overseeing additional stations and secondary network affiliates. This reorganization is part of a larger plan to allow Scripps to gain more market share.
http://www.tvnewscheck.com/article/2012/03/22/58254/scripps-adds-duties-to-3-general-managers