secwatch.observer — SEC 8-K summary
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Issuer:     E.W. SCRIPPS Co (SSP)
CIK:        0000832428
Form:       8-K
Filed at:   2022-05-06T23:59:59+00:00
Accession:  0000832428-22-000016
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01, 99.1
LLM model:  deepseek-v4-flash:cloud@v2

Scripps Q1 revenue $566M (+4.6%), net income $9.8M; guides FCF $400-450M, political ad $270M
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- Q1 revenue $566M (+4.6% YoY); segment profit $115M; net income $9.8M ($0.10 EPS) vs. loss of $0.10 last year.
- Local Media revenue $327M (+4.5%), core ad +3.4%, retransmission +2.5% to $160M; segment profit $54.4M.
- Scripps Networks revenue $239M (+12%), segment profit $85.1M (36% margin); ratings up 5% total viewers prime.
- Full-year 2022 FCF guidance $400-450M; political ad revenue projected $270M (+40% vs 2018 midterm).
- Debt leverage expected to drop to ~4.0x; Moody's and S&P upgrades; redeemed $123M senior notes.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/832428/000083242822000016/0000832428-22-000016-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/832428/000083242822000016/ssp-20220506.htm
  HTML page:      https://secwatch.observer/filing/0000832428-22-000016

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