secwatch.observer — SEC 8-K summary
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Issuer:     E.W. SCRIPPS Co (SSP)
CIK:        0000832428
Form:       8-K
Filed at:   2026-02-26T23:59:59+00:00
Accession:  0000832428-26-000006
Event type: other_material
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.02, 5.02, 8.01, 9.01, 99.1
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/832428/000083242826000006/0000832428-26-000006-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/832428/000083242826000006/ssp-20260224.htm
  HTML page:      https://secwatch.observer/filing/0000832428-26-000006

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