E.W. Scripps Company, also known as Scripps, is a publicly owned American broadcasting company headquartered in Cincinnati, Ohio. Founded in 1878 by Edward Willis "E. W." Scripps and his sister, Ellen Browning Scripps, the company employs approximately 5,960 individuals and focuses on media production, having reported $2.2B in revenue as of 2025. Initially established as a chain of daily newspapers, it was also formerly a media conglomerate.
Steven Cohen's Point72 Asset Management significantly increased its stake in E.W. Scripps on October 7, 2026, boosting its ownership by 1104.7%, or 3.84 million shares, to a total of 4.19 million shares. This move occurs as a surge in political advertising and the company's expanding sports business present potential catalysts for a turnaround. Previously, on October 6, Scripps announced it would release its third-quarter 2026 operating results after markets close on Thursday, November 5, with a call with its senior management team scheduled for 9:30 a.m. Eastern time on Friday, November 6. Earlier on October 1, Dish Network removed the ABC affiliate WTVQ, a Lexington TV station, from its channel lineup, prompting Scripps to declare the action a "clear violation" of their agreement. Also on October 1, the company initiated a shift towards "field-first news," with its Green Bay station leading the adoption of reporter-led bulletins, focusing on streaming over traditional studio broadcasts.
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