secwatch.observer — SEC 8-K summary
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Issuer:     E.W. SCRIPPS Co (SSP)
CIK:        0000832428
Form:       8-K
Filed at:   2022-08-05T23:59:59+00:00
Accession:  0000832428-22-000028
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01, 99.1
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/832428/000083242822000028/0000832428-22-000028-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/832428/000083242822000028/ssp-20220805.htm
  HTML page:      https://secwatch.observer/filing/0000832428-22-000028

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