v3.25.2
Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Operating Revenues:        
Total operating revenues $ 540,080 $ 573,629 $ 1,064,473 $ 1,135,093
Operating Expenses:        
Cost of revenues, excluding depreciation and amortization 313,689 327,107 630,842 655,640
Selling, general and administrative expenses, excluding depreciation and amortization 143,386 151,532 280,625 297,225
Restructuring costs 613 973 4,757 5,988
Depreciation 14,643 15,150 29,547 30,270
Amortization of intangible assets 22,555 23,318 46,111 46,886
Losses (gains), net on disposal of property and equipment (31,410) (157) (31,488) (10)
Total operating expenses 463,476 517,923 960,394 1,035,999
Operating income 76,604 55,706 104,079 99,094
Interest expense (58,653) (52,123) (102,403) (107,040)
Loss on extinguishment of debt (2,972) 0 (2,972) 0
Other financing transaction costs (38,071) 0 (38,071) 0
Defined benefit pension plan income (expense) (337) 177 (675) 354
Miscellaneous, net (1,683) (419) (1,527) 16,402
Income (loss) from operations before income taxes (25,112) 3,341 (41,569) 8,810
Provision (benefit) for income taxes 10,850 1,912 (2,152) 5,755
Net income (loss) (35,962) 1,429 (39,417) 3,055
Preferred stock dividends (15,722) (14,432) (31,110) (28,809)
Net loss attributable to the shareholders of The E.W. Scripps Company $ (51,684) $ (13,003) $ (70,527) $ (25,754)
Net loss per basic share of common stock attributable to the shareholders of The E.W. Scripps Company (in dollars per share) $ (0.59) $ (0.15) $ (0.81) $ (0.30)
Net loss per diluted share of common stock attributable to the shareholders of The E.W. Scripps Company (in dollars per share) $ (0.59) $ (0.15) $ (0.81) $ (0.30)
Advertising        
Operating Revenues:        
Total operating revenues $ 335,530 $ 365,981 $ 661,380 $ 715,739
Distribution        
Operating Revenues:        
Total operating revenues 195,404 199,599 384,328 402,159
Other        
Operating Revenues:        
Total operating revenues $ 9,146 $ 8,049 $ 18,765 $ 17,195