The E.W. Scripps Company (NASDAQ:SSP) Q1 2022 Earnings Conference Call May 6, 2022 9:30 AM ET

Company Participants

Carolyn Micheli – Head-Investor Relations

Adam Symson – President and Chief Executive Officer

Jason Combs – Chief Financial Officer

Lisa Knutson – President-Scripps Networks

Brian Lawlor – President-Local Media

Conference Call Participants

Craig Huber – Huber Research Partners

Steven Cahall – Wells Fargo

Dan Kurnos – The Benchmark Company

Michael Kupinski – Noble Capital Markets

Jennifer Lovell – Principal Global Investors

Operator

Ladies and gentlemen, thank you for standing by. And welcome to The Scripps First Quarter 2022 Earnings Call. At this time, all participants are in a listen-only mode. Later, we will conduct a question-and-answer session. [Operator Instructions] And as a reminder, this conference is being recorded.

I would now like to turn the conference over to our host, Ms. Carolyn Micheli, Head of Investor Relations. Please go ahead.

Carolyn Micheli

Thank you, Tony. Good morning, everyone. And thank you for joining us for a discussion of The E.W. Scripps Company’s financial results and business strategies. You can visit scripps.com for more information and a link to the replay of this call.

A reminder that our conference call and webcast include forward-looking statements and actual results may differ. Factors that may cause them to differ are outlined in our SEC filings. We do not intend to update any forward-looking statements we make today. Included on this call will be a discussion of certain non-GAAP financial measures that are provided as supplements to assist management and the public in their analysis and valuation of the company. These metrics are not formulated in accordance with GAAP and are not meant to replace GAAP financial measures and may differ from other companies' uses or formulations. Included in our earnings release are the reconciliations of non-GAAP financial measures to the GAAP measures reported in our financial statements.

We'll hear this morning from Scripps President and CEO, Adam Symson; Chief Financial Officer, Jason Combs; Local Media President, Brian Lawlor; and Scripps Networks President, Lisa Knutson. Also on the call is Controller, Dan Perschke.

Now, here's Adam.

Adam Symson

Thanks Carolyn. Good morning, everybody. Thanks for joining us. Once again, in the first quarter Scripps delivered a terrific financial performance, outstanding results in Local Media coming as a result of Scripps’ commitment to new business development and better than expected retransmission revenue. And at Scripps Networks, ad revenue that outpaced its marketplace supported by both growth in ratings share and advertising share.