E.W. SCRIPPS Co — Form 8-K
Filed August 7, 2026 · analyzed by the 8-K Agent
8-K
▼ Likely negative
significance 72/100
What the filing says
E.W. Scripps Company reported Q2 2026 revenue of $490M (down 9.2% YoY) and a $1.2B net loss ($12.68/share), driven by a non-cash $1.1B goodwill/intangible asset impairment in Scripps Networks. The company laid off 268 employees (6% of workforce) and incurred $35.8M in restructuring costs. Management targets $125–$150M in EBITDA growth by 2028 through $100M in annual run-rate savings already on track; however, core advertising fell 8.7%, distribution revenue dropped 17% (partly due to temporary blackouts with Comcast/DirecTV), and Scripps Networks revenue declined 16%.
Why this rating
Goodwill write-down is ~600% of company market cap; persistent ad weakness, distribution pressure, and high debt ($2.5B) offset transformation savings and sports deals. Significant but company restructuring ongoing.
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