Full-Time
No salary listed
Mid
Norfolk, VA, USA
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Company Size
5,001-10,000
Company Stage
IPO
Headquarters
Cincinnati, Ohio
Founded
1878
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Bi-Okoto collaborates with artsway and the E.W. Scripps company!
LAS VEGAS and CINCINNATI, March 13, 2025 /PRNewswire/ -- The Las Vegas Aces and Scripps Sports have signed a multiyear agreement to make Vegas 34 the official broadcast home of the 2022-2023 back-to-back WNBA champion Aces.Under the new agreement, Scripps Sports will televise all non-nationally exclusive Aces games – with distribution on cable, satellite and over-the-air television. Financial terms are not being disclosed
CINCINNATI, March 11, 2025 /PRNewswire/ -- The E.W. Scripps Company (NASDAQ: SSP) has entered into a transaction support agreement (TSA) with lenders representing more than 70% of the aggregate principal amount of Scripps' outstanding tranche B-2 term loans due May 2026 and tranche B-3 term loans due June 2028. The company has also entered into commitment letters with accounts receivable securitization providers for a new A/R securitization facility and its revolving banks to extend a portion of its revolving credit facility through July 2027. These transactions will provide Scripps the runway and liquidity to continue the progress of its strategic and operating initiatives.The transactions include:Repayment or extension of up to $1.3 billion of existing term loansThe initial consenting lenders holding existing B-2 term loans will exchange certain of their existing B-2 term loans (not otherwise repaid as part of these transactions) for new B-2 term loans due June 2028 and initial consenting lenders holding existing B-3 term loans will exchange their existing B-3 term loans for a combination of new B-2 term loans and new B-3 term loans due November 2029 .The initial consenting lenders holding existing B-2 term loans will exchange certain of their existing B-2 term loans (not otherwise repaid as part of these transactions) for new B-2 term loans due and initial consenting lenders holding existing B-3 term loans will exchange their existing B-3 term loans for a combination of new B-2 term loans and new B-3 term loans due. New committed financings to support successful execution of the transactionsThe company executed commitment letters with new lenders to provide for a $450 million accounts receivable securitization facility, with a portion of such proceeds used to partially repay the existing B-2 term loans and certain initial consenting holders to provide new B-2 term loans, the proceeds of which will be used for cash repayment of any existing B-2 term loans not exchanged or repaid with the proceeds of the accounts receivable securitization facility.The company executed commitment letters with new lenders to provide for a accounts receivable securitization facility, with a portion of such proceeds used to partially repay the existing B-2 term loans and certain initial consenting holders to provide new B-2 term loans, the proceeds of which will be used for cash repayment of any existing B-2 term loans not exchanged or repaid with the proceeds of the accounts receivable securitization facility. Commitment to enter into a new revolving credit facility to support go-forward liquidityThe company executed a commitment letter with certain existing lenders to provide a new $208 million revolving credit facility due July 2027
With Starch Madness primed to tip off in Boise, the Big Sky Conference and Scripps Sports have announced a five-year renewal, extending their relationship through at least the 2029-30 academic year.
The Scripps Howard Foundation has awarded grants totaling $2 million to the Howard Centers for Investigative Journalism at Arizona State University (ASU) and the University of Maryland (UMD) to empower journalists with AI tools.