Summary
E.W. Scripps is set to shut down its 24-hour news channel, Scripps News, on November 15, 2024, resulting in over 200 job cuts. The closure reflects ongoing challenges in the television news industry, particularly the difficulties in attracting advertisers amid a politically polarized environment.
The decision to close Scripps News, which was rebranded from Newsy in 2021, comes despite a growing audience, as evidenced by a peak of 1 million viewers during a recent high-profile debate coverage. However, E.W. Scripps Chief Executive Adam Symson noted that many advertisers are hesitant to engage with national news programming due to concerns over the divisive political climate in the U.S. This trend is not isolated to Scripps; major networks like CBS, CNN, and NBC are also facing similar challenges, leading to layoffs and budget cuts across the industry. As traditional television viewing declines, there is a growing push for collaboration between local and national news operations, with networks seeking efficiencies to adapt to the changing media landscape.
Industry Context
The closure of Scripps News highlights a broader contraction in the television news sector, where the relationship between local and national news operations is evolving. As media conglomerates like NBCUniversal and Paramount Global integrate their local and national news divisions, they aim to leverage local journalists for original reporting that resonates with audiences. This shift is seen as a response to declining traditional ratings and the need for fresh content across multiple platforms.
Challenges Facing TV News
The challenges in the TV news business are compounded by a decrease in advertising revenue and changing viewer habits. Many advertisers are redirecting their budgets to streaming platforms, which are becoming increasingly attractive for targeted marketing. The Scripps News shutdown serves as a stark reminder of the difficulties faced by national news outlets in securing advertiser support, despite their efforts to maintain objectivity and credibility in reporting.
Future Directions
As the industry navigates these challenges, the integration of local reporters into national news coverage may provide a way to enhance storytelling and engage audiences more effectively. This collaborative approach could help address some of the trust issues that viewers have with traditional media, as local journalists are often perceived as more credible. The future of TV news may depend on how well these organizations adapt to the evolving media landscape while maintaining quality journalism.
Oct. 15 / Variety / Explores the shift toward collaboration between local and national news, offering a broader industry perspective on how economic pressures are reshaping journalism and enhancing storytelling opportunities. “ In a bid to examine the difficulties Americans face in getting their hands on lifesaving drug narcan, NBC News in February turned to what would once be seen...
Scripps News is shutting down, another victim of the TV news business downturn
Sep. 27 / L.a. Times / Highlights the closure of Scripps News and its implications for the TV news landscape, providing insights from CEO Adam Symson that underscore the challenges of national news in a polarized market. “ Television station group owner E.W. Scripps is shutting down its 24-hour news channel on Nov. 15, another sign of a contraction in the TV news industry. E.W....
