E.W. SCRIPPS Co (SSP): M&A transaction — Scripps closes WRTV sale for $83M; net $123M from two station sales for debt paydown and ION buyback

E.W. SCRIPPS Co

Combined with prior $40M WFTX sale, total cash proceeds of $123M used to reduce debt and repurchase 23 ION stations (~$54M).
Station swap with Gray Television in five markets to strengthen Mountain West position, pending FCC review.
Scripps will seek FCC waivers to re-acquire 23 ION stations previously divested in connection with 2021 ION acquisition.
Company notes WRTV sale alone not material but triggered SEC filing under new market-cap-based rule.

item 2.01 item 9.01 item 8.01 item 99.1

Key facts

Extracted from this filing and checked against the source text.

M&A Transactions SEC 8-K Item 2.01/5.01 confidence 0.9

E.W. SCRIPPS Co completed a disposition involving Circle City Broadcasting for $83 million (closed 2026-03-31).

Action: disposition
Counterparty: Circle City Broadcasting
Consideration: $83 million
Closing: 2026-03-31

Exact text from the filing

On March 31, 2026, The E. W. Scripps Company (“Scripps”) closed on the sale of its WRTV television station to Circle City Broadcasting for cash consideration of $83 million.

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Source: SEC EDGAR

accession 0000832428-26-000014

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