secwatch.observer — SEC 8-K summary
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Issuer:     E.W. SCRIPPS Co (SSP)
CIK:        0000832428
Form:       8-K
Filed at:   2021-08-06T23:59:59+00:00
Accession:  0000832428-21-000050
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 9.01, 99.1
LLM model:  deepseek-v4-flash:cloud@v2

Scripps beats Q2 expectations; raises 2021 free cash flow guidance to $240-260M
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- Q2 revenue $565M (+57% YoY as-reported, +23% same-station); Local Media core ad up 48% adj.-combined.
- Scripps Networks revenue $239M (+23% adj.-combined); segment margin 45%; strong upfront with rate increases.
- Free cash flow guidance raised to $240-260M from $210-240M due to robust ad demand.
- Redeemed $400M 2025 senior notes and made $50M term loan payment; debt reduction focus.
- Amended Berkshire warrant; no future fair-value adjustments; no dividends until preferred shares redeemed.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/832428/000083242821000050/0000832428-21-000050-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/832428/000083242821000050/ssp-20210806.htm
  HTML page:      https://secwatch.observer/filing/0000832428-21-000050

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer