secwatch.observer — SEC 8-K summary
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Issuer:     E.W. SCRIPPS Co (SSP)
CIK:        0000832428
Form:       8-K
Filed at:   2026-08-07T11:21:40+00:00
Accession:  0000832428-26-000031
Event type: earnings
Sentiment:  negative
Materiality: 0.85
Item codes: 2.02, 9.01, 99.1
LLM model:  deepseek-v4-flash:cloud@v2

Scripps Q2 loss $1.2B ($12.68/sh) on $1.1B impairment; revenue down 9.2%
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- Q2 revenue $490M, down 9.2% YoY; loss attributable $1.2B or $12.68/sh incl $1.1B non-cash impairment.
- Local Media revenue $317M (-5.4%); distribution revenue down 17% to $161M, hurt by Comcast/DirecTV blackouts.
- Scripps Networks revenue $172M (-16%); segment profit fell to $25.5M from $55.9M; impairment charged to Networks.
- Transformation plan targets $125-150M EBITDA growth by 2028; ~$100M run-rate savings by year-end; 268 jobs cut.
- Political ad revenue Q2 record $28M; FY guidance raised to $225-250M; new deals with Pistons, Predators, Women's Volleyball World Cup.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/832428/000083242826000031/0000832428-26-000031-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/832428/000083242826000031/ssp-20260806.htm
  HTML page:      https://secwatch.observer/filing/0000832428-26-000031

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