Scripps Q2 revenue $594M (+5.2%); political ad record $24M; net income $29.2M

E.W. SCRIPPS Co

2022-Q2 EPS reported $0.42 revenue$1,160,173,000

Q2 revenue $594M, up 5.2% YoY; net income $29.2M ($0.32/share) vs prior-year loss of $11.4M.
Local Media revenue $356M (+9.5%) on political $24M (vs $3.2M) and retransmission $171M (+9.4%).
Scripps Networks revenue flat at $239M; segment profit $73.3M (31% margin) vs $107M prior year.
Full-year political ad expected at least $270M; free cash flow target ~$400M.
Q3 guidance: Local Media revenue up low-to-mid 20% range; Networks revenue flat.

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