secwatch.observer — SEC 8-K summary
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Issuer:     E.W. SCRIPPS Co (SSP)
CIK:        0000832428
Form:       8-K
Filed at:   2025-03-12T23:59:59+00:00
Accession:  0000832428-25-000009
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01, 99.1
LLM model:  deepseek-v4-flash:cloud@v2

Scripps Q4 revenue $728M (+18% YoY); record political ad; debt refinancing; leverage down to 4.8x
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- Q4 revenue $728M (+18% YoY); net income $80.3M ($0.92 per share) vs. prior-year loss of $268M.
- Political ad revenue hit record $174M (vs. $16.4M a year ago); core ad revenue fell 11% due to displacement.
- Executed transaction support agreement with majority of 2026/2028 term loan holders to extend maturities; new A/R securitization facility and revolver extension through July 2027.
- Net leverage improved to 4.8x from 5.7x year-end 2023; repaid $330M revolver balance during 2024.
- Q1 2025 guidance: Local Media revenue down high single-digit %; Networks revenue down mid-single-digit %.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/832428/000083242825000009/0000832428-25-000009-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/832428/000083242825000009/ssp-20250311.htm
  HTML page:      https://secwatch.observer/filing/0000832428-25-000009

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