E.W. SCRIPPS Co

E.W. Scripps Company is a U.S. media business built around local television stations, national news, and entertainment networks. It sells audience reach and local market access to advertisers, while also monetizing distribution across broadcast, digital, streaming, and over-the-air platforms. The company also owns Tablo, a device for watching and recording free TV, and has begun expanding into ATSC 3.0-based data delivery through a broadcast joint venture.

15,6 %

−4,7 %

−14,3 %

1.65

1.65

— E.W. SCRIPPS Co
%
Local Media55% Free over-the-air local news, sports, weather, and entertainment from more than 60 stations in 40+ markets.
National Networks35% National news and entertainment channels distributed via broadcast, streaming, FAST, and digital platforms.
Consumer Devices5% Tablo devices that let households watch and record free broadcast and streaming channels.
Other / Strategic Initiatives5% Spelling Bee sponsorship and early-stage spectrum/data delivery initiatives such as EdgeBeam.

Scripps primarily serves advertisers that want local market reach, national reach, or both, using its station group and...

  • Local advertising clientsprimary

    Businesses and agencies buying inventory on local stations to reach households in specific markets and dayparts.

  • National advertisersprimary

    Brands buying scale across ION, Bounce, Grit, Laff, and news distribution to reach large U.S. audiences.

  • Viewers and householdsprimary

    Consumers who watch free local news, sports, and entertainment over the air or via streaming/FAST.

  • Tablo consumerssecondary

    Households that want subscription-free live TV and DVR functionality for free broadcast channels.

  • Future data-delivery customersemerging

    Potential users of EdgeBeam's broadcast-based data delivery services as ATSC 3.0 develops.

Scripps is overwhelmingly a U.S.-focused business, with more than 60 local stations in more than 40 markets and...

  • •Business is concentrated in the United States
  • •Local stations operate in more than 40 U.S. markets
  • •Station group reaches about 25% of U.S. TV households
  • •National audience reach is about 38% after the UHF discount
  • •FCC ownership rules materially shape expansion and station swaps
  • •No meaningful international operating footprint disclosed

Scripps is trying to extend its broadcast assets across more platforms, especially streaming, FAST channels, and...

01
Grow digital and streaming distributionshort-term

Offsets pressure in traditional TV viewing and broadens monetization of existing content.

02
Improve operating efficiency through transformationmedium-term

Cost savings and automation are intended to lift EBITDA and support margins in a challenged media market.

03
Reposition the station portfoliomedium-term

Portfolio optimization can improve market quality, regulatory fit, and capital allocation.

04
Create new spectrum-based revenue opportunitieslong-term

ATSC 3.0 could monetize broadcast infrastructure beyond advertising.

Scripps faces structural risks from audience fragmentation, advertising cyclicality, and regulatory limits on station...

high

Advertising cyclicality

Revenue depends heavily on advertiser demand, which weakens in downturns and can vary by quarter.

Scope
Local and national TV ad inventory
Materiality
high
high

FCC ownership and transaction restrictions

Broadcast station acquisitions and swaps require regulatory approval and may force divestitures.

Scope
Station portfolio strategy and M&A
Materiality
high
high

Cybersecurity incidents

The company stores and transmits sensitive information and depends on uninterrupted distribution systems.

Scope
Broadcast, digital, and vendor/client systems
Materiality
high
high

Leverage and capital structure constraints

Substantial debt and preferred shares can constrain investment and refinancing flexibility.

Scope
Interest expense, covenant headroom, capital allocation
Materiality
high
medium

AI governance and reliability

AI can create ethical, legal, privacy, and accuracy issues if deployed poorly.

Scope
Content workflows and internal operations
Materiality
medium
Revenue recognition for advertising and distribution
Can shift revenue between quarters and affect comparability
Seasonality and quarterly volatility
Makes quarterly margins and revenue trends less linear
Goodwill and intangible asset impairment
Potential non-cash charges if station economics deteriorate
Debt and preferred shares
Impacts leverage metrics and earnings available to common shareholders
Restructuring and transformation costs
Can create one-time charges before savings are realized

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: 28/04/2026