E.W. Scripps Q2 Earnings Call Highlights

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Fri, August 7, 2026 astatine 10:04 AM CDT 7 min read

Key Points

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Scripps reported a $12.68-per-share Q2 loss, heavy affected by a $1.1 cardinal non-cash impairment charge, restructuring costs and different one-time items. CEO Adam Symson said show fell abbreviated of expectations amid declining linear-TV viewing, Nielsen measurement changes and pay-TV blackouts.
Local Media benefited from grounds second-quarter governmental advertizing of $28 million, but gross declined 1% arsenic halfway advertizing and organisation gross weakened. Networks gross fell 13%, with conception nett dropping to $26 million, though connected-TV gross grew 28%.
Scripps raised its cost-cutting ambitions, targeting $100 cardinal successful annualized run-rate savings by the extremity of 2026 and $125 million-$150 cardinal successful incremental EBITDA by 2028. The translation has included eliminating 432 filled positions and 126 unfastened roles, portion the institution ended the 4th with $2.2 cardinal successful nett indebtedness and 4.9x leverage.

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E.W. Scripps (NASDAQ:SSP) reported second-quarter results marked by higher governmental advertizing gross and advancement connected outgo reductions, but besides by weaker networks revenue, carriage-dispute effects and a $1.1 cardinal non-cash impairment complaint tied to its Scripps Networks business.

The institution reported a nonaccomplishment of $12.68 per stock for the quarter. Results included the impairment charge, $36 cardinal successful restructuring costs related to its translation program and a $9 cardinal summation from presumption swaps with Gray Media. Together, those items accrued the nonaccomplishment attributable to shareholders by $11.83 per share, according to Chief Financial Officer Jason Combs.

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President and CEO Adam Symson said the company's fiscal show "didn't conscionable my expectations," citing Nielsen measurement changes, continued linear-TV viewing declines, advertising-market uncertainty and impermanent blackouts involving bequest pay-TV distributors.

Local Media Revenue Supported by Political Advertising

On an adjusted combined, oregon same-station, basis, Scripps' Local Media part generated $317 cardinal successful second-quarter revenue, down 1% from the prior-year quarter. Core advertizing gross declined 4.8%, which Combs attributed to broader economical uncertainty, governmental advertizing crowd-out and the interaction of carriage disputes.

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Political advertizing gross reached $28 million, a institution grounds for a 2nd quarter. Scripps expects full-year governmental advertizing gross of $225 cardinal to $250 million, supra the $198 cardinal it generated during the 2022 midterm predetermination cycle. Symson said the institution is seeing beardown predetermination spending crossed markets including Arizona, California, Colorado, Florida, Michigan, Montana, Nevada, Ohio, Virginia and Wisconsin.

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