0000832428-17-000052.txt : 20170906 0000832428-17-000052.hdr.sgml : 20170906 20170906100748 ACCESSION NUMBER: 0000832428-17-000052 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 3 CONFORMED PERIOD OF REPORT: 20170906 ITEM INFORMATION: Other Events ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20170906 DATE AS OF CHANGE: 20170906 FILER: COMPANY DATA: COMPANY CONFORMED NAME: E.W. SCRIPPS Co CENTRAL INDEX KEY: 0000832428 STANDARD INDUSTRIAL CLASSIFICATION: TELEVISION BROADCASTING STATIONS [4833] IRS NUMBER: 311223339 STATE OF INCORPORATION: OH FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-16914 FILM NUMBER: 171070517 BUSINESS ADDRESS: STREET 1: 312 WALNUT STREET CITY: CININNATI STATE: OH ZIP: 45202 BUSINESS PHONE: 5139773000 MAIL ADDRESS: STREET 1: 312 WALNUT STREET CITY: CINCINNATI STATE: OH ZIP: 45202 FORMER COMPANY: FORMER CONFORMED NAME: SCRIPPS E W CO /DE DATE OF NAME CHANGE: 19920703 8-K 1 a8-k9617.htm 8-K Document


UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
 
FORM 8-K
 
CURRENT REPORT
Pursuant to Section 13 or 15(d) of
The Securities Exchange Act of 1934
Date of Report (Date of earliest event reported) September 6, 2017
 
THE E.W. SCRIPPS COMPANY
(Exact name of registrant as specified in its charter)
 
Ohio
0-16914
31-1223339
(State or other jurisdiction of
incorporation or organization)
(Commission
File Number)
(I.R.S. Employer
Identification Number)
 
312 Walnut Street
Cincinnati, Ohio
 
 
 
45202
(Address of principal executive offices)
 
 
 
(Zip Code)
Registrant’s telephone number, including area code: (513) 977-3000
Not Applicable
(Former name or former address, if changed since last report)
 
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
o
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
o
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
o
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))





THE E.W. SCRIPPS COMPANY
INDEX TO CURRENT REPORT ON FORM 8-K

Item No.
 
Page
 
 
 
8.01
Other Events
3
 
 
 
9.01
Financial Statements and Exhibits
3


2



Item 8.01 Other Events

On September 6, 2017, the Company issued a press release related to the expansion of Newsy, our the next-generation national news network, into cable distribution. A copy of the press release is furnished with this Form 8-K and is attached hereto as Exhibit 99.1.

Item 9.01 Financial Statements and Exhibits
Exhibit
Number
 
Description of Item
 
 
 
99.1
 


3



SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
 
THE E.W. SCRIPPS COMPANY
 
 
BY:
 
/s/ Douglas F. Lyons
 
 
Douglas F. Lyons
 
 
Vice President and Controller
 
 
(Principal Accounting Officer)
Dated: September 6, 2017


4
EX-99.1 2 pressreleaseforrltv.htm EXHIBIT 99.1 Exhibit


Exhibit 99.1
 sspnewsreleaseheadera24.jpg

Newsy expanding into cable distribution
with purchase of cable network subscribers
The next-generation news network expects to be available
in about 40 million homes by the end of next year
For immediate release
 
 
September 6, 2017
 
 

CINCINNATI - Capitalizing on its momentum in over-the-top television, Newsy, the national news network focused on millennial audiences, has launched a major expansion into the cable and satellite marketplace, kicked off by The E.W. Scripps Company’s (NYSE: SSP) acquisition of carriage contracts from the Retirement Living Television (RLTV) cable network.

Scripps will take over RLTV’s carriage agreements for about 26 million subscribers and reprogram the network with Newsy’s lineup of shows already available on major OTT services including YouTubeTV and SlingTV. The transition from RLTV to Newsy will begin over the next few months, and Newsy expects to expand its reach to about 40 million cable and satellite subscribers by the end of 2018.

The acquisition’s purchase price is based on the number of subscribers that come under contract with the cable companies and convert to Newsy. The final purchase price could be up to $23 million, no more than 93 cents per subscriber.

“Newsy has already made a name for itself among millennial news consumers who rely on over-the- top television. Now we’ll be reaching Americans with cable and satellite service who are looking for a fresh approach to news coverage,” said Adam Symson, president and CEO of Scripps. “This expanded reach for our advertising business alongside carriage fees furthers our strategy to develop Newsy as a prominent multi-platform news network with dual revenue streams.”

Newsy features in-depth coverage of the day’s top world and U.S. news stories, crafted by and for millennials. Newsy’s storytelling is wrapped into a new original programming lineup that includes the evening newsmagazine “The Why,” and soon will include the morning show “The Day Ahead” and the newsmaker spotlight program “30 Minutes With.” Newsy’s programming strategy reflects its signature approach - insight, context and sources focused on solutions. Newsy’s OTT programming has garnered a loyal audience of 18-34-year-olds.

“Younger audiences are looking for the coverage with context that Newsy delivers,” said Laura Tomlin, senior vice president of national media for Scripps. “Cable and satellite companies are seeking programming like Newsy to grow their subscriber base with younger viewers - a demographic that mainstream cable news outlets have struggled to capture.”

Scripps will be discussing the Newsy expansion strategy as part of its Investor and Media Day this morning from 9-11 a.m. at the Warwick Hotel in New York. A presenter-led slide presentation will be available live and on replay at scripps.com.

About Scripps
The E.W. Scripps Company (NYSE: SSP) serves audiences and businesses through a growing portfolio of television, radio and digital media brands. With 33 television stations, Scripps is one of the nation’s largest independent TV station owners. Scripps runs an expanding collection of local and national digital journalism and content businesses, including Newsy, the next-generation national news network; and podcast industry leader Midroll Media. Scripps produces original programming including “Pickler & Ben,” runs an award-winning investigative reporting newsroom in Washington, D.C., and is the longtime steward of the Scripps National Spelling Bee. Founded in 1878, Scripps has held for decades to the motto, “Give light and the people will find their own way.”






Investor Contact:
Carolyn Micheli, The E.W. Scripps Company, 513-977-3732, carolyn.micheli@scripps.com

Media Contact:
Kari Wethington, The E.W. Scripps Company, 513-977-3763, kari.wethington@scripps.com


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