secwatch.observer — SEC 8-K summary
======================================

Issuer:     E.W. SCRIPPS Co (SSP)
CIK:        0000832428
Form:       8-K
Filed at:   2023-11-03T23:59:59+00:00
Accession:  0000832428-23-000031
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 9.01, 99.1
LLM model:  deepseek-v4-flash:cloud@v2

Scripps reports Q3 net loss of $16.2M; revenue falls 7.4% to $567M
------------------------------------------------------------------

- Revenue $567M (-7.4% YoY); net loss $16.2M ($0.19 EPS) vs net income $33.7M ($0.38 EPS) in Q3 2022.
- Local Media distribution revenue +20% to $198M; core ad -3.1% to $142M; political revenue $9.1M vs $63.2M.
- Scripps Networks revenue -8.5% to $215M; segment profit $49.7M vs $72M YoY.
- Connected TV revenue (excl. programmatic) up 75% YoY, on track for ~$100M in 2023.
- Q4 guidance: Local Media revenue down low-to-mid double digits; Networks revenue down ~10%.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/832428/000083242823000031/0000832428-23-000031-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/832428/000083242823000031/ssp-20231103.htm
  HTML page:      https://secwatch.observer/filing/0000832428-23-000031

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