secwatch.observer — SEC 8-K summary
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Issuer:     E.W. SCRIPPS Co (SSP)
CIK:        0000832428
Form:       8-K
Filed at:   2021-11-05T23:59:59+00:00
Accession:  0000832428-21-000056
Event type: earnings
Sentiment:  positive
Materiality: 0.65
Item codes: 2.02, 9.01, 99.1
LLM model:  deepseek-v4-flash:cloud@v2

Scripps Q3 revenue $555M (+13% YoY), core ad up 18%; raises FCF guidance to $255-265M
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- Q3 revenue $555M (+13% YoY); core advertising revenue up 18% adjusted combined in Local Media and Scripps Networks.
- EPS 49 cents from continuing ops vs 76 cents prior year; includes $32.6M building sale gain and $1.9M restructuring costs.
- Free cash flow guidance raised to $255-265M (from $240-260M); paid down $500M debt YTD through Sept. 30.
- Scripps Networks revenue $227M (+18% adjusted) with full-year margin guidance of 40%; Newsy now available OTA to 92% of U.S.
- Made $10M investment in Misfits Gaming Group; still prohibited from dividend payments until Berkshire Hathaway preferred shares redeemed.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/832428/000083242821000056/0000832428-21-000056-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/832428/000083242821000056/ssp-20211105.htm
  HTML page:      https://secwatch.observer/filing/0000832428-21-000056

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