The E.W. Scripps Company (NASDAQ:SSP) Q3 2024 Results Conference Call November 4, 2024 10:00 AM ET
Company Participants
Carolyn Micheli - Head, Investor Relations
Jason Combs - Chief Financial Officer
Adam Symson - President and CEO
Lisa Knutson - Chief Operating Officer
Conference Call Participants
Steven Cahall - Wells Fargo
Mike Kupinski - Noble Financial Capital
Shanna Qiu - Barclays
Dan Kurnos - Benchmark Capital
Craig Huber - Huber Research Associates
Carolyn Micheli
Good morning, everyone. This is Carolyn Micheli, Head of Investor Relations at Scripps. We're going to start our call. Thanks so much for joining us. We apologize for this morning's delay. We had technical issues with our conference call provider and we're not using an operator assisted line, so please make sure you stay on mute. We appreciate your graciousness and your patience as we navigate this call. We'll have a Q&A at the end of the prepared remarks.
Again, for now, please ensure you're on mute. I'll come back after Adam's remark and open up the call for questions. A transcript of the call will be available at scripps.com this afternoon, and you can visit scripps.com for more information.
A reminder that our conference call and webcast include forward-looking statements based on management's current outlook, and actual results may differ materially. 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 first from Scripps' Chief Financial Officer, Jason Combs; and then President and CEO, Adam Symson; Chief Operating Officer, Lisa Knutson also is with us. Here's Jason.
Jason Combs
Good morning, everyone, and thank you for joining us. As we wind down this year's election cycle, we're very pleased to be reporting another record year of political advertising revenue. Scripps full year total Local Media political ad revenue looks like it will come in at more than $340 million. That will be almost 30% above the 2020 presidential year, which was our last record.