secwatch.observer — SEC 8-K summary
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Issuer:     E.W. SCRIPPS Co (SSP)
CIK:        0000832428
Form:       8-K
Filed at:   2025-07-28T23:59:59+00:00
Accession:  0000832428-25-000034
Event type: debt
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 7.01, 8.01, 9.01, 99.1
LLM model:  deepseek-v4-flash:cloud@v2

Scripps offers $650M notes; preliminary Q2 net loss up to $38.4M, revenue down ~6%
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- Preliminary Q2 2025 net loss $33.6M-$38.4M vs prior year income $1.4M; revenue $538.5M-$541.7M from $573.6M.
- Launches $650M senior secured second lien notes due 2030 to redeem 5.875% 2027 notes and prepay term loan B-2.
- L8QA Consolidated EBITDA as of March 31, 2025: $541.1M, including $34.6M Scripps News OTA shutdown adjustment.
- Scripps Networks segment profit margin >27%, up 900 bps YoY; expenses down 12%; political revenue fell to ~$3.1M.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/832428/000083242825000034/0000832428-25-000034-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/832428/000083242825000034/ssp-20250728.htm
  HTML page:      https://secwatch.observer/filing/0000832428-25-000034

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