Scripps Says Disputes with Comcast, DIRECTV Hurt Q2 Revenue
Weeks-long blackouts cut pay-TV distribution revenue 13% to $161 million and helped drive a $1.15 billion quarterly loss, Scripps said.
5 Articles
5 Articles
E.W. Scripps CEO Briefs Wall Street On Major Layoffs, Touts AI “Revolution” In Local TV News
E.W. Scripps CEO Adam Symson briefed Wall Street analysts Friday on the company’s “transformation plan,” which has entailed cutting 12% of its total workforce amid an embrace of AI. The layoffs, mostly at the company’s local TV stations, come as the company adopts a 24-hour streaming news model enabled by artificial intelligence. Symson rose through the corporate ranks as a digital executive at Scripps, a nearly 150-year-old company which also o…
Scripps says disputes with Comcast, DIRECTV hurt Q2 revenue
A DIRECTV informational slate on a dropped television channel. (Photo by Matthew Keys for The Desk) The E. W. Scripps Company reported an astonishing $1.15 billion loss during its second financial quarter (Q2) of the year, driven in part by impairment charges from different transactions and lower revenue on account of blackouts that prevented Comcast and DIRECTV customers from watching its local TV stations for several weeks. The disruptions res…
Scripps Reports $490 Million Revenue, $1.2 Billion Second Quarter Loss After Impairment Charge
The E.W. Scripps Company (NASDAQ: SSP) reported $490 million in revenue for the second quarter of 2026 and a loss attributable to shareholders of $1.2 billion, or $12.68 per share, the company said Friday. The steep loss reflected a noncash goodwill and other intangible assets impairment charge that accounted for $11.61 of the per-share loss. Scripps Networks recorded a $1.1 billion impairment in the quarter tied to continued weakness in the nat…
Scripps Suffers A Steep Net Loss In Difficult Q2
CINCINNATI — Just days after the company’s CEO in an internal memo confirmed that some 270 individuals would be losing their jobs as part of a “refounding” effort, The E.W. Scripps Co. late Thursday released a second quarter earnings report that is wholly effected by a massive $1.14 billon non-cash impairment charge and primarily linked to a nearly $50 million decline in operating revenue. Please Login to view this content. (Not a member? Join T…
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