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E.W. Scripps Company Pension Plan
The E.W. Scripps Company Pension Plan is the frozen defined-benefit vehicle for The E.W. Scripps Company, the Cincinnati-based broadcasting and news media firm...
E.W. Scripps Company Pension Plan
The E.W. Scripps Company Pension Plan is the frozen defined-benefit vehicle for The E.W. Scripps Company, the Cincinnati-based broadcasting and news media firm founded in 1878. The plan no longer accrues new benefits; it exists solely to pay vested, deferred obligations to eligible former employees, often through lump-sum distributions or annuity options. The parent company sponsors the plan, which reports through Scripps's public financial disclosures. Deployment follows a liability-driven investing model, anchoring the portfolio in fixed-income assets matched to the plan's duration profile. Satellite allocations include commitments to private equity and real estate funds, both United States-focused, to provide incremental returns within the plan's risk budget. The plan does not operate direct investment vehicles or co-investment SPVs — it commits capital as a limited partner through fund structures. Allocation sizes and specific fund relationships are not publicly itemized. Scale metrics are closely held. The parent company does not break out pension assets from total corporate balance-sheet items in a granular fashion, and no named investment staff or dedicated pension CIO is identified in public filings. Scripps governance runs through a family-aligned dual-class share structure, with the Scripps Family Agreement Signatories controlling common-share voting. Adjacent family vehicles — Miramar Services, Inc. serving as the family office, and the Scripps Howard Foundation handling philanthropy — operate separately from the pension plan. The plan's structural distinction lies in its frozen status. Unlike active corporate plans that make portfolio decisions with an eye on future accrual costs, a frozen plan manages only the runoff of existing liabilities. That makes its investment function a duration-matching exercise first, with alpha-seeking allocations sized conservatively to avoid jeopardizing the funded ratio of a closed participant pool.
General information
Firm type
Corporate Pension Plan
Year founded
1878
Location
Region
North America
Country
United States
City
Cincinnati
Corporate office
Cincinnati, OH, United States
Sector focus
Frequently asked questions
Is the E.W. Scripps Company Pension Plan still active?
The plan is frozen, meaning it no longer accrues new benefits for employees. It continues to manage and pay vested obligations to eligible former employees, offering options such as lump-sum distributions or immediate annuity payments. The plan's investment strategy is built around meeting these existing liabilities rather than funding future benefit accruals.
How does the plan invest its assets?
The plan uses a liability-driven investing approach, anchoring the portfolio in fixed-income assets matched to its liability cash flows. Satellite allocations include commitments to private equity and real estate funds, both focused on the United States. It acts as a limited partner making fund commitments, not a direct investor or co-investor.
Who oversees investment decisions for the plan?
Public filings do not identify a dedicated chief investment officer or named investment staff for the pension plan. Oversight likely falls under the corporate treasury or finance function of The E.W. Scripps Company, the plan sponsor, with the board and its audit committee providing fiduciary governance.
What is the relationship between the pension plan and the Scripps family office?
The pension plan and Miramar Services, Inc., the Scripps family office, are separate entities serving distinct purposes. The pension plan manages retirement assets for former Scripps employees, while Miramar Services handles legacy wealth management and administrative services for Scripps family members. There is no public indication of co-investment or asset-sharing between them.
How is the plan's funded status reported?
The E.W. Scripps Company reports pension obligations and funded status within its annual 10-K and quarterly 10-Q filings with the SEC. These disclosures include the projected benefit obligation, fair value of plan assets, and net funded position, though the plan does not separately release detailed asset allocation or performance reports.
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