secwatch.observer — SEC 8-K summary
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Issuer:     E.W. SCRIPPS Co (SSP)
CIK:        0000832428
Form:       8-K
Filed at:   2024-08-09T23:59:59+00:00
Accession:  0000832428-24-000033
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 9.01, 99.1
LLM model:  deepseek-v4-flash:cloud@v2

Scripps Q2 revenue $574M, loss $0.15/sh; raises 2024 political ad outlook to $270-290M
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- Revenue $574M (-1.6% YoY); net loss $13M ($0.15/sh) vs loss $682M ($8.10/sh) in prior year (includes goodwill impairment in prior year).
- Political ad revenue outlook raised to $270-290M from $240-270M; Q2 political $28.2M vs $3.8M prior year.
- Bounce TV network divestiture progressing; Scripps Networks revenue down 9.7% to $209M; segment profit $37.7M vs $60.3M.
- Total debt $2.9B; suspended preferred stock dividends to accelerate deleveraging; unpaid cumulative dividends $27.3M.
- Q3 guidance: Local Media revenue up ~20%, Scripps Networks revenue down mid-single digits.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/832428/000083242824000033/0000832428-24-000033-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/832428/000083242824000033/ssp-20240808.htm
  HTML page:      https://secwatch.observer/filing/0000832428-24-000033

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