'Scripps News To Cut More Than 200 Jobs, Scale Back National News Programming Amid "Difficult" Linear TV Advertising Market' -Deadline Report
Portfolio Pulse from Benzinga Newsdesk
Scripps News is set to cut over 200 jobs and reduce its national news programming due to challenges in the linear TV advertising market. This move reflects broader industry struggles with declining ad revenues.
September 27, 2024 | 3:32 pm
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Scripps News, part of E.W. Scripps Company (SSP), is cutting over 200 jobs and scaling back national news programming due to a challenging linear TV advertising market.
The job cuts and programming scale-back at Scripps News, a division of E.W. Scripps, indicate financial pressures due to a challenging advertising market. This is likely to negatively impact SSP's stock in the short term as it reflects broader revenue challenges.
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IMPORTANCE 80
RELEVANCE 90