secwatch.observer — SEC 8-K summary
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Issuer:     E.W. SCRIPPS Co (SSP)
CIK:        0000832428
Form:       8-K
Filed at:   2024-11-04T23:59:59+00:00
Accession:  0000832428-24-000042
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01, 99.1
LLM model:  deepseek-v4-flash:cloud@v2

Scripps Q3 record revenue $646M, political $125M, EPS $0.37 vs -$0.19 loss; debt paydown $115M
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- Q3 revenue record $646M (+14% YoY); net income $33M ($0.37 EPS) vs prior-year loss $16.2M (-$0.19).
- Political ad revenue $125M in Q3; full-year guidance raised to at least $340M from prior $270-290M.
- Paid down $115M debt in Q3; leverage improved 6.0x to 5.1x; expects ~$300M total debt reduction in 2024.
- Scripps Networks revenue $202M (-6.4%); expenses down 3.7%; Q4 expense decline expected high single-digit %.
- Preferred dividends not declared; cumulative unpaid $41.4M; common dividends prohibited under Berkshire terms.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/832428/000083242824000042/0000832428-24-000042-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/832428/000083242824000042/ssp-20241104.htm
  HTML page:      https://secwatch.observer/filing/0000832428-24-000042

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