secwatch.observer — SEC 8-K summary
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Issuer:     E.W. SCRIPPS Co (SSP)
CIK:        0000832428
Form:       8-K
Filed at:   2025-11-07T23:59:59+00:00
Accession:  0000832428-25-000056
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 9.01, 99.1
LLM model:  deepseek-v4-flash:cloud@v2

Scripps Q3 revenue $526M (-19% YoY), loss $0.55/share; station sales, refinancing
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- Revenue $526M, down 19% YoY; net loss $49M ($0.55) vs prior-year profit of $33M ($0.37).
- Local Media rev $325M (-27%), political $5.1M vs $125M; core ad up 1.8%.
- Scripps Networks rev flat at $201M, profit up 26% to $53.3M on 7.5% cost cut.
- Closed $750M 9.875% second-lien notes; sold two stations for $123M; net leverage 4.6x.
- Q4 guidance: Local Media rev down ~30%, Networks rev down low double-digit.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/832428/000083242825000056/0000832428-25-000056-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/832428/000083242825000056/ssp-20251106.htm
  HTML page:      https://secwatch.observer/filing/0000832428-25-000056

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