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

The E.W. Scripps Company has raised its full-year 2026 midterm local media political advertising revenue guidance to approximately $275 million, representing a 40% increase over 2022 levels. Concurrently, the company completed 431 additional workforce reductions in 2026, bringing the total impacted employees to roughly 850, or nearly 20% of its year-start headcount, as part of a transformation plan targeting $125 million to $150 million in EBITDA growth by 2028. Scripps reported third-quarter political revenue of nearly $81 million and plans to utilize $83 million in cash along with fourth-quarter proceeds to pay down at least $150 million in debt. The company expects to achieve approximately $100 million in annual run-rate savings by the end of the year, with the full impact of these transformation efforts becoming evident in fourth-quarter results.