Scripps reports Q4 loss of $44.9M; re-acquires 23 ION stations for ~$54M; extends CEO Symson through 2029

E.W. SCRIPPS Co

Q4 2025 revenue $560M (-23% YoY); loss attributable to shareholders $44.9M ($0.51 per share) vs. income of $80.3M in prior-year quarter.
Transformation plan targets $125M-$150M annualized EBITDA growth by 2028 via AI, automation, cost savings; early benefits expected H2 2026.
Exercised options to re-acquire 23 ION-affiliated stations from INYO for estimated $54M aggregate, subject to FCC consent.
CEO Adam Symson new employment contract through Dec. 31, 2029; base salary $1.4M, target incentive 175%, plus $10M performance-based cash award tied to EBITDA growth.
Local Media core ad revenue up 12% Q4; pending station sales of WFTX and WRTV for $123M; Q1 2026 revenue guidance up low-to-mid single digits.

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