secwatch.observer — SEC 8-K summary
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Issuer:     E.W. SCRIPPS Co (SSP)
CIK:        0000832428
Form:       8-K
Filed at:   2022-11-08T23:59:59+00:00
Accession:  0000832428-22-000034
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 9.01, 99.1
LLM model:  deepseek-v4-flash:cloud@v2

Scripps Q3 revenue up 10% to $612M, EPS $0.38; cuts FCF guidance to ~$320M
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- Revenue $612M (+10% YoY); segment profit $145M (+13%). Net income $33.7M ($0.38 EPS) vs $45.8M ($0.49) prior year.
- Political ad revenue $63.2M (vs $7.1M); Local Media revenue $378M (+14%). Retransmission revenue $165M (+7.3%).
- Scripps Networks revenue $235M (+3.9%); CTV revenue up 57% YoY; run rate target >$100M in 2023.
- Free cash flow guidance cut to ~$320M for 2022 due to political shift and macroeconomic challenges.
- Q4 outlook: Local Media revenue up mid-20s%; Networks revenue down mid-to-high-single-digit%.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/832428/000083242822000034/0000832428-22-000034-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/832428/000083242822000034/ssp-20221108.htm
  HTML page:      https://secwatch.observer/filing/0000832428-22-000034

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