secwatch.observer — SEC 8-K summary
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Issuer:     E.W. SCRIPPS Co (SSP)
CIK:        0000832428
Form:       8-K
Filed at:   2025-05-09T23:59:59+00:00
Accession:  0000832428-25-000024
Event type: earnings
Sentiment:  neutral
Materiality: 0.72
Item codes: 2.02, 9.01, 99.1
LLM model:  deepseek-v4-flash:cloud@v2

Scripps Q1 revenue down 6.6% to $524M; net loss of $18.8M, $0.22 EPS
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- Local Media revenue fell 7.8% to $325M; segment profit $34.9M vs $65.6M a year ago.
- Scripps Networks revenue down 5.4% to $198M; expenses -16% drove margins to 32%.
- Completed refinancing on Apr 10: new $545M term loan due 2028, $340M due 2029, $208M revolver.
- Q1 net leverage 4.9x; debt paydown remains top capital allocation priority.
- Preferred dividend deferred; accumulated unpaid dividends total $70.6M.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/832428/000083242825000024/0000832428-25-000024-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/832428/000083242825000024/ssp-20250508.htm
  HTML page:      https://secwatch.observer/filing/0000832428-25-000024

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