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The E.W. Scripps Company reported second‑quarter 2026 operating revenues of $490,401 (in thousands), down from $540,080 (in thousands) a year earlier as core and distribution advertising declined, partly offset by higher political advertising.
The company recorded an impairment of goodwill and other intangible assets of $1,135,825 (in thousands), primarily at Scripps Networks, resulting in a net loss attributable to shareholders of $1,167,805 (in thousands), or $12.68 per share, for the quarter. Total equity fell to $100,687 (in thousands) at June 30, 2026 from $1,246,092 (in thousands) at year‑end 2025.
For the first six months of 2026, net cash provided by operating activities was $17,096 (in thousands), compared with a use of $13,858 (in thousands) in the prior‑year period, aided by working‑capital changes and proceeds from asset sales. Long‑term debt had a net carrying value of $2,493,889 (in thousands), and the company maintained access to revolving credit and an accounts receivable securitization facility while pursuing an enterprise‑wide transformation plan targeting additional EBITDA growth.
The E.W. Scripps Company reported second-quarter 2026 revenue of $490 million and a net loss attributable to shareholders of $1.2 billion, or $12.68 per share. Results were dominated by a $1.1 billion non-cash goodwill and intangible impairment at Scripps Networks and $35.8 million of restructuring costs, partly offset by a $9.3 million gain on a station swap.
Local Media revenue was $316.5 million, down 5.4%, as core advertising fell 8.7% and distribution revenue declined 16.7% due to temporary blackouts during Comcast and DirecTV negotiations, while political revenue rose to $28 million from $2.6 million. Segment profit was flat at $55.8 million. Scripps Networks revenue declined 16.5% to $171.9 million and segment profit fell to $25.5 million from $55.9 million. Consolidated adjusted EBITDA was $55.2 million versus $88.9 million a year earlier.
Cash and cash equivalents were $13 million at June 30, 2026, against $2.5 billion of total debt. Total equity was $100.7 million compared with $1.25 billion at December 31, 2025. The company did not pay preferred dividends in 2026, leaving $150 million of cumulative unpaid preferred dividends outstanding, and is targeting $125–$150 million of enterprise EBITDA growth by 2028 from its transformation plan, including job reductions affecting about 6% of the workforce.
Kevin D. Littleton, President, Media of E.W. Scripps Co, reports his initial beneficial ownership. He directly holds 48558.0000 Class A Common Shares and no Common Voting Shares, plus restricted stock unit awards scheduled to vest between 2027 and 2030, each converting into one Class A Common Share at vesting.
E.W. SCRIPPS Co ten percent owner Molly E. McCabe reported a series of open-market sales of Class A Common Shares. Between May 15 and May 20, 2026, she sold a total of 326,675 Class A shares in multiple transactions.
The reported sales included 60,182 shares at a weighted average price of $3.3492 on May 15, 142,970 shares at $3.4764 on May 18, 112,284 shares at $3.4019 on May 19, and 11,239 shares at $3.2931 on May 20. Following these transactions, her direct holdings of Class A Common Shares were reported as 0 shares, while a holding entry shows 267,333 Common Voting Shares as of May 15, 2026.
Granado Geraldine Scripps reported open-market purchase transactions in this Form 4 filing.
E.W. SCRIPPS Co insider Geraldine S. Scripps Granado, a ten percent owner, reported transactions involving the company’s common equity. On Class A Common Shares, she reported an open-market transaction of 72,798 shares at a weighted average price of $3.5415 per share, with 144,902 Class A shares owned directly afterward. A separate entry shows 116 Common Voting Shares held directly following the reported date.
The E.W. Scripps Company has completed a local TV station swap with Gray Media that covers five mid-sized and small markets and expands Scripps’ presence in the Mountain West. Scripps acquired stations in Colorado Springs, Grand Junction and Twin Falls, while Gray acquired stations in Lansing and Lafayette. The swap was an even exchange of comparable assets, so no cash consideration changed hands. Scripps highlights that deeper portfolios in these markets are intended to support its focus on local news, emergency alerts, weather and sports coverage.
E.W. SCRIPPS Co ownership update: Charles Schwab Investment Management Inc. reports beneficial ownership of 3,662,774 shares of Common Stock, representing 4.11% of the class as stated in the Schedule 13G/A. The filing lists sole voting and dispositive power over the 3,662,774 shares. The filing is signed by Omar Aguilar, Chief Executive Officer, on 05/13/2026.
E.W. Scripps Co insider Samantha J. Brickner, a ten percent owner, reported an open-market purchase of Class A common shares. She bought 1,262 shares at a weighted average price of about $3.53 per share on May 13, 2026, bringing her directly held Class A position to 111,695 shares.
Fidelity Investments submitted a Form 144 notice to sell 1,136,829 shares of Class A common stock of SSP. The filing lists the sale method entries as Trust Distribution and UTMA connected to the Edward Scripps Trust, and shows an apparent outstanding share reference of 79,608,102 as of 05/14/2026.
The E.W. Scripps Company reported Q1 2026 operating revenues of $516.9 million and a net loss of $1.8 million, an improvement from a $3.5 million loss a year earlier. Core advertising declined overall, but Local Media revenue grew 5.0% while Scripps Networks revenue fell 11.1%.
Cost of revenues decreased 2.0%, and restructuring costs dropped sharply to $0.6 million from $4.1 million. The company recorded $30.0 million of pre-tax gains from selling Court TV and two TV stations, helping offset higher interest expense of $57.0 million driven by elevated borrowing costs on $2.6 billion of debt.
Scripps outlined an enterprise-wide transformation plan targeting $125–$150 million in annualized EBITDA growth by 2028, with about $75 million expected by the end of 2026. Cash, cash equivalents and restricted cash rose to $95.0 million, while cumulative unpaid preferred dividends reached $133 million and preferred stock redemption value totaled $766 million, limiting common shareholder distributions.