secwatch.observer — SEC 8-K summary
======================================

Issuer:     E.W. SCRIPPS Co (SSP)
CIK:        0000832428
Form:       8-K
Filed at:   2026-04-01T23:59:59+00:00
Accession:  0000832428-26-000014
Event type: m_and_a
Sentiment:  positive
Materiality: 0.45
Item codes: 2.01, 9.01, 8.01, 99.1
LLM model:  deepseek-v4-flash:cloud@v2

Scripps closes WRTV sale for $83M; net $123M from two station sales for debt paydown and ION buyback
--------------------------------------------------------------------------------

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/832428/000083242826000014/0000832428-26-000014-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/832428/000083242826000014/ssp-20260331.htm
  HTML page:      https://secwatch.observer/filing/0000832428-26-000014

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