secwatch.observer — SEC 8-K summary
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Issuer:     E.W. SCRIPPS Co (SSP)
CIK:        0000832428
Form:       8-K
Filed at:   2026-05-08T23:59:59+00:00
Accession:  0000832428-26-000021
Event type: earnings
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.02, 9.01, 99.1
LLM model:  deepseek-v4-flash:cloud@v2

Scripps Q1 revenue $517M (-1.4% YoY), loss $18M; transforms EBITDA target $125-150M by 2028
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- Loss attributable to shareholders $18M ($0.20 EPS) vs $18.8M loss ($0.22 EPS) in Q1 2025.
- Local Media revenue $342M (+5% YoY); profit $46.7M vs $34.9M; political revenue $9M vs $3.3M.
- Scripps Networks revenue $176M (-11% YoY); profit $46.3M vs $64.1M.
- Transformation plan targets $125-150M annualized EBITDA growth by 2028 through cost savings and revenue initiatives.
- Closed station sales for $123M gross proceeds; extended $200M revolver maturity to July 2029.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/832428/000083242826000021/0000832428-26-000021-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/832428/000083242826000021/ssp-20260507.htm
  HTML page:      https://secwatch.observer/filing/0000832428-26-000021

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