E.W. Scripps Company has agreed to sell Court TV to Law&Crime, enhancing its legal content offerings.
Quiver AI Summary
The E.W. Scripps Company has announced the sale of its Court TV network to Law&Crime, a true crime and legal content studio led by Dan Abrams and owned by Jellysmack. Court TV, relaunched by Scripps in May 2019, has showcased high-profile trials like Johnny Depp v. Amber Heard and Derek Chauvin. Scripps President and CEO Adam Symson highlighted that the sale aligns with the company's strategy to adapt to consumer behavior and maximize value through strategic decisions. Law&Crime CEO Dan Abrams confirmed the intention to keep Court TV as a distinct brand while leveraging its legacy, aiming to maintain its focus on prominent trials. Financial details of the transaction were not disclosed.
Potential Positives
- The E.W. Scripps Company has strategically sold its Court TV network to Law&Crime, which allows it to focus resources and strengthen its overall media portfolio.
- This transaction aligns with Scripps' entrepreneurial approach, demonstrating its ability to adapt to evolving consumer behavior and market demands.
- Court TV’s integration into Law&Crime, a leading true-crime network, suggests the brand will continue to thrive and evolve under capable management.
Potential Negatives
- The financial details of the sale are not disclosed, leaving uncertainty about the valuation and potential impact on Scripps' financial health.
- The need to sell Court TV could indicate strategic challenges or declining viewer engagement, suggesting potential difficulties in retaining valuable assets.
- The transaction may lead to concerns about Scripps' long-term strategy and the company's reliance on its remaining properties in an evolving media landscape.
FAQ
Why did Scripps sell Court TV to Law&Crime?
The sale aligns with Scripps' strategy to meet evolving consumer interests and strengthen its balance sheet for future opportunities.
Who is Dan Abrams in relation to this acquisition?
Dan Abrams is the CEO of Law&Crime and the ABC News Chief Legal Analyst, emphasizing the tradition of Court TV in the true crime space.
What will happen to the Court TV brand?
Court TV will continue as a standalone channel under Law&Crime, maintaining its distinct brand while becoming a hub for trial content.
What is Law&Crime known for?
Law&Crime is a leading network for true crime and legal content, offering live trials, expert commentary, and investigative reporting across multiple platforms.
What is Jellysmack's role in this acquisition?
Jellysmack owns Law&Crime and supports creators, helping to expand the brand's reach and utilize AI-driven technologies for content distribution.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$SSP Revenue
$SSP had revenues of $525.9M in Q3 2025. This is a decrease of -18.64% from the same period in the prior year.
You can track SSP financials on Quiver Quantitative's SSP stock page.
$SSP Hedge Fund Activity
We have seen 67 institutional investors add shares of $SSP stock to their portfolio, and 70 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- PENN CAPITAL MANAGEMENT COMPANY, LLC added 2,169,640 shares (+151.7%) to their portfolio in Q3 2025, for an estimated $5,337,314
- NEW YORK STATE COMMON RETIREMENT FUND added 1,361,721 shares (+142.3%) to their portfolio in Q3 2025, for an estimated $3,349,833
- RUSSELL INVESTMENTS GROUP, LTD. added 1,151,092 shares (+886.8%) to their portfolio in Q3 2025, for an estimated $2,831,686
- CHARLES SCHWAB INVESTMENT MANAGEMENT INC added 1,015,964 shares (+35.8%) to their portfolio in Q3 2025, for an estimated $2,499,271
- SCHONFELD STRATEGIC ADVISORS LLC removed 803,920 shares (-44.6%) from their portfolio in Q3 2025, for an estimated $1,977,643
- ASSENAGON ASSET MANAGEMENT S.A. removed 623,899 shares (-100.0%) from their portfolio in Q3 2025, for an estimated $1,534,791
- D. E. SHAW & CO., INC. removed 579,939 shares (-16.6%) from their portfolio in Q3 2025, for an estimated $1,426,649
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.
Full Release
CINCINNATI, Feb. 09, 2026 (GLOBE NEWSWIRE) -- The E.W. Scripps Company (NASDAQ: SSP) has reached an agreement to sell its Court TV network to Law&Crime – the multiplatform true crime and legal content studio created and led by ABC News Chief Legal Analyst Dan Abrams and now owned by media creator holding company Jellysmack.
Scripps relaunched Court TV in May 2019 after acquiring the rights from Turner Broadcasting. Since then, the network has delivered viewers access to some of the most gripping trials of the last several years, including Johnny Depp v. Amber Heard, Alex Murdaugh and the trial of Minneapolis police officer Derek Chauvin.
Law&Crime, acquired by Jellysmack in 2023, is a leading true-crime network producing premium crime and legal content across major platforms. Its reach spans two FAST channels, multiple streaming partners and a robust social footprint that includes 25 YouTube channels – led by its flagship channel with more than 7 million subscribers.
Adam Symson, Scripps president and CEO, said the transaction reflects the company’s longstanding entrepreneurial DNA.
“This move is consistent with the way Scripps has operated for nearly a century and a half: we identify where consumer behavior is headed, build and grow businesses that meet those evolving interests and make strategic decisions about how we unlock their greatest value – whether in our portfolio or through exits that strengthen our balance sheet and position us for the future,” said Symson. “The Court TV brand we’ve built is a natural complement to Law&Crime’s existing library of crime and trial coverage.”
Law&Crime CEO Dan Abrams reiterated the value of continuing to maintain Court TV and Law&Crime as distinct brands.
“There is no better partner than Law&Crime to continue the distinctive Court TV brand and network,” said Abrams. “I began my career at Court TV, and we look forward to continuing its important tradition of giving viewers an inside look at some of the most fascinating and important trials. Court TV will become our hub for all trial content and coverage as its own standalone channel and brand.”
Financial details are not being disclosed.
Investor contact:
Carolyn Micheli, The E.W. Scripps Company, (513) 977-3732,
[email protected]
Media contacts:
Becca McCarter, The E.W. Scripps Company, (513) 410-2425,
[email protected]
Sasha Bull, Law&Crime, (646) 876-5281,
[email protected]
Forward-looking statements
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About Scripps
The E.W. Scripps Company
(NASDAQ: SSP) is a diversified media company focused on creating connection. As one of the nation’s largest local TV broadcasters, Scripps serves communities with quality, objective local journalism and operates a portfolio of more than 60 stations in 40+ markets. Scripps reaches households across the U.S. with national news outlets Scripps News and Court TV and popular entertainment brands ION, Bounce, Grit, ION Mystery, ION Plus and Laff. Scripps is the nation’s largest holder of broadcast spectrum. Scripps Sports serves professional and college sports leagues, conferences and teams with local market depth and national broadcast reach of up to 100% of TV households. Founded in 1878, Scripps is the steward of the Scripps National Spelling Bee, and its longtime motto is: “Give light and the people will find their own way.”
ABOUT LAW&CRIME
Law&Crime is the leading multi-platform destination for true crime and legal content, created by ABC News Chief Legal Analyst Dan Abrams. The network features live trials, expert legal commentary, crime documentaries, and investigative reporting, all powered by a seasoned team of legal professionals and journalists. With over 8 million YouTube subscribers and 4.7 billion video views, Law&Crime is the most-watched legal network on digital, cable, and social platforms combined. For more information, visit lawandcrime.com or follow Law&Crime on YouTube and all major platforms.
About Jellysmack
Jellysmack is a holding company focused on owning IP and supporting the infrastructure that powers creators, with deep expertise in social platforms, content distribution and AI-driven technologies. It partners long-term with entrepreneurs shaping the next era of technology and media.