secwatch.observer — SEC 8-K summary
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Issuer:     E.W. SCRIPPS Co (SSP)
CIK:        0000832428
Form:       8-K
Filed at:   2022-02-25T23:59:59+00:00
Accession:  0000832428-22-000007
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 9.01, 99.1
LLM model:  deepseek-v4-flash:cloud@v2

Scripps Q4 2021: Revenue $622M, EPS $0.43; 2021 FCF $280M; 2022 political rev ~$270M
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- Q4 2021 revenue $622M (+5.3% YoY); income from continuing ops $40.2M, diluted EPS $0.43.
- Full-year 2021 free cash flow $280M, a record for a non-election year; expects 2022 FCF $400-450M.
- Local Media core ad revenue rose 8.1% adjusted-combined; Networks revenue up 14% adjusted-combined to $273M.
- Political revenue projected ~$270M in 2022 mid-terms, up ~40% from last mid-term; 2020 had $272M political.
- Debt reduced $581M in 2021; no dividend due to Berkshire preferred terms; capex guidance $70-80M for 2022.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/832428/000083242822000007/0000832428-22-000007-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/832428/000083242822000007/ssp-20220225.htm
  HTML page:      https://secwatch.observer/filing/0000832428-22-000007

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