Q2 2026 E W Scripps Co Earnings Call Transcript

Aug 7, 2026 / 01:30 PM GMT

Release Date Price: €2.46 (-7.52%)

Transcript 10-Q8-K

Key Points

Positve

The FCC's decision to lift the broadcast ownership cap is expected to level the playing field and support M&A opportunities for The E W Scripps Co (SSP).
The company raised its transformation plan run-rate savings guidance to $100 million by year-end, up 33% from prior guidance.
Scripps signed its first NBA agreement with the Detroit Pistons and a national women's sports deal with the Women's Volleyball World Cup, bolstering its sports portfolio.
The company completed accretive station transactions, including a duopoly in Lexington and a swap with Grey Media, while selling stations for cash to pay down debt.
Political advertising revenue hit a record $28 million in Q2, with full-year guidance raised to $225-$250 million, above the 2022 midterm cycle.
The company successfully renewed distribution agreements covering 70% of subscribers, with no near-term debt maturities after extending its credit line to 2029.

Negative

Q2 financial results missed expectations due to sudden Nielsen measurement methodology changes, which negatively impacted network revenue.
Local media core advertising decreased 4.8% in Q2, impacted by economic uncertainty, political crowdout, and carriage disputes.
Scripps Networks revenue declined 13% in Q2, with segment profit falling from $57 million to $26 million year-over-year.
The company reported a $1.1 billion non-cash goodwill impairment charge for the Scripps Networks business, leading to a loss of $12.68 per share.
Carriage disputes with Comcast and DirecTV caused service blackouts, impacting distribution and core advertising revenue in Q2.
The company eliminated 432 employee positions and 126 open positions, reflecting painful workforce reductions as part of the transformation plan.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

SSP.OQ - E W Scripps Co
Q2 2026 E W Scripps Co Earnings Call
Aug 07, 2026 / 01:30PM GMT

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Presentation
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Unidentified_1 [1]
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Good day and thank you for standing by. Welcome to the second quarter 2026 EW Scripps Company Earnings Conference Call. At this time, all participants are in a listen-only mode. After the speaker's presentation, there will be a question-and-answer session. To ask a question during the session, you will need to press *11 on your telephone. You will then hear an automated message. Advising your hand is raised. To withdraw your question, please press *11 again. Please be advised that today's conference is being recorded. I would now like to hand the conference over to your first speaker today, Carolyn Michelli, Head of Investor Relations. Please go ahead.

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