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The E.W. Scripps Company — Full Year 2026 Earnings Summary

  • Raised full-year 2026 Local Media political advertising revenue guidance to approximately $275 million, a 40% increase over 2022 midterm levels and an upgrade from the prior $225-$250 million range.
  • Plans to deploy $83 million in Q3 cash and Q4 political proceeds to pay down at least $150 million of debt in the fourth quarter.
  • Transformation plan targets $125-$150 million in enterprise EBITDA growth by 2028, with $100 million in annual run-rate savings expected by year-end 2026.
  • Completed 431 workforce reductions in 2026, bringing total impacted employees to approximately 850 (nearly 20% of beginning-of-year headcount).
  • Political revenue growth driven by strong spending in Michigan, Ohio, Arizona, Florida, Wisconsin, Tennessee, and Virginia, with transformation impacts expected to be most evident in Q4 results.
Company
EW SCRIPPS CO
Sector
Communication Services
Industry
Broadcasting