Scripps Says Layoffs Done for Now, Touts Higher Political ad Forecast
6 Articles
6 Articles
Scripps says layoffs done for now, touts higher political ad forecast
The higher political ad forecast projection comes one day after Scripps eliminated 430 positions across the company.— This story first appears at TheDesk.net, a premium source for original news and analysis on the business of media and technology. Never miss a story — make sure our stories appear in your Google search results by adding us as a trusted source, and sign up for our free newsletters here.
Scripps raises full-year political guide, completes 2026 workforce reductions
CINCINNATI, Oct. 28, 2026 (GLOBE NEWSWIRE) -- The E.W. Scripps Company (NASDAQ: SSP) has raised its expectations for full-year 2026 midterm Local Media political advertising revenue to about $275 million, which is about 40% above its 2022 midterm election revenue.
Scripps Raises Political Guidance After ‘Final’ 2026 RIF
With the opening of U.S. financial markets on Wednesday, investors and impacted Scripps staffers are digesting the news that some 400 employees were let go on October 27. Scripps acknowledged the layoffs early Wednesday, and also shared a positive update on political advertising guidance.
Scripps Raises Political Guide, Completes Workforce Cuts
The E.W. Scripps Co. has raised its outlook for 2026 political advertising revenue and completed another round of workforce reductions as the company pushes ahead with a multiyear transformation plan. The company said Wednesday that it now expects full-year Local Media political revenue of about $275 million. That is about 40% above its 2022 midterm election revenue and up from the $225 million to $250 million range it gave in August. Scripps sa…
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