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E. W. Scripps Co Class A

The E.W. Scripps Company, together with its subsidiaries, operates as a media enterprise through a portfolio of local television stations, national news, and entertainment networks in the United States. It operates through Local Media and Scripps Networks segments. The Local Media segment engages in the operation of broadcast television stations and related digital activities; production of over-the-air news, information, sports, and entertainment content through broadcast, digital, mobile, social, and over-the-top platforms; and running of network programming, local sporting events, syndicated programming and original programming; and provision of core and political advertising services. Its Scripps Networks segment operates national news outlets Scripps News and Court TV, as well as entertainment brands under the ION, Bounce, Grit, ION Mystery, ION Plus, and Laff names through over-the-air broadcast, cable/satellite, connected TV, and/or digital distribution. The company also operates the Scripps National Spelling Bee, an educational program. It serves its audiences and businesses through cable and satellite service providers. The E.W. Scripps Company was founded in 1878 and is headquartered in Cincinnati, Ohio.

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Scripps posts $1.2 billion loss on $1.1 billion impairment charge

The E.W. Scripps Company reported a second-quarter 2026 net loss of $1.2 billion, driven by a $1.1 billion non-cash goodwill and intangible asset impairment in its Scripps Networks business. Revenue fell 9.2% year over year to $490 million, with Local Media revenue down 5.4% to $317 million and Scripps Networks revenue down 16% to $172 million. Local political advertising reached a second-quarter record of $28 million, and the company now projects full-year political revenue between $225 million and $250 million. Scripps is targeting $125 million to $150 million of enterprise EBITDA growth by 2028 and expects approximately $100 million of annual run-rate cost savings by the end of 2026. Retransmission disputes with Comcast and DirecTV reduced distribution revenue by $26.7 million during the quarter, while the company continues to face pressure from weak national advertising and declining linear audiences.
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Scripps completes acquisition of WTVQ in Lexington

The E.W. Scripps Company has completed its acquisition of WTVQ, the ABC affiliate in Lexington, Kentucky, from Morris Network for $15.8 million. The deal creates a duopoly with Scripps' existing NBC affiliate WLEX, strengthening its local media presence in Central Kentucky. The acquisition is part of Scripps' broader strategy to optimize its local television portfolio through strategic acquisitions, divestitures, and station transactions. This year, Scripps has completed sales of WFTX in Fort Myers and WRTV in Indianapolis, generating combined gross proceeds of $123 million, and recently completed a station swap with Gray Media that expanded its presence in the Mountain West.
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Pixalate June 2026 OpenEPG Index Shows Food Network Leads CTV Ad Spend, News Dominates Mobile

Pixalate released its June 2026 OpenEPG Index, showing Food Network captured 34% of estimated U.S. CTV open programmatic ad spend on streaming TV shows, while news programming took 64% of mobile streaming TV ad spend. On large screens, NBA's Hardwood Classics ranked first by consumer reach, and Food Network's reality shows like Diners, Drive-Ins and Dives and Beat Bobby Flay dominated the top 10. On small screens, BET's Being Mary Jane led for the second straight month, with Scripps News accounting for 39% of estimated open programmatic spend on mobile. The index also found that news carried the highest invalid-traffic rate among leading genres at 18.6%, triple that of documentary. Reality, news, and sport together accounted for 81% of estimated U.S. CTV open programmatic ad spend in June.
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Scripps unites television operations under Dean Littleton’s leadership

The E.W. Scripps Company has promoted Dean Littleton to the newly created role of president of media, uniting its local and national television operations under his leadership. Littleton will oversee Scripps’ complete television business, including its local media portfolio of approximately 60 TV stations, the national Scripps Networks division with ION and multicast and digital networks, and the 24/7 streaming news service Scripps News. The realignment brings Scripps Networks under Littleton’s purview to capture growth and efficiency opportunities. Littleton joined Scripps in 2017 and most recently served as executive vice president of media broadcast operations.
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Scripps reaches third major retransmission deal of 2026 with DIRECTV renewal

The E.W. Scripps Company has reached a new retransmission consent agreement with DIRECTV, completing its three largest cable and satellite distribution renewals of 2026. These three contracts represent the majority of Scripps’ pay-TV subscriber households scheduled for renewal this year. After a five-week blackout period, Scripps reached the new agreement with DIRECTV on July 10, with service restored that day to DIRECTV subscribers in over 40 markets where Scripps does business. Scripps’ president and CEO Adam Symson said the agreements recognize the enduring value of local television stations as essential infrastructure for American communities, providing severe weather alerts, emergency information, local news, and live sports.
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