v3.26.1
Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Operating Revenues:        
Total operating revenues $ 490,401 $ 540,080 $ 1,007,269 $ 1,064,473
Operating Expenses:        
Cost of revenues, excluding depreciation and amortization 294,070 313,689 604,864 630,842
Selling, general and administrative expenses, excluding depreciation and amortization 147,085 143,386 292,912 280,625
Restructuring costs 35,840 613 36,484 4,757
Depreciation 13,287 14,643 26,572 29,547
Amortization of intangible assets 21,774 22,555 43,836 46,111
Impairment of goodwill and other intangible assets 1,135,825 0 1,135,825 0
Losses (gains), net on disposal of property and equipment 59 (31,410) (450) (31,488)
Total operating expenses 1,647,940 463,476 2,140,043 960,394
Operating income (loss) (1,157,539) 76,604 (1,132,774) 104,079
Interest expense (54,110) (58,653) (111,068) (102,403)
Loss on extinguishment of debt (913) (2,972) (913) (2,972)
Other financing transaction costs 0 (38,071) 0 (38,071)
Defined benefit pension plan expense (734) (337) (1,467) (675)
Gains (losses) from sale of business 8,872 0 38,881 0
Miscellaneous, net (3,843) (1,683) (5,374) (1,527)
Loss from operations before income taxes (1,208,267) (25,112) (1,212,715) (41,569)
Provision (benefit) for income taxes (57,017) 10,850 (59,675) (2,152)
Net loss (1,151,250) (35,962) (1,153,040) (39,417)
Preferred stock dividends (16,555) (15,722) (32,746) (31,110)
Net loss attributable to the shareholders of The E.W. Scripps Company $ (1,167,805) $ (51,684) $ (1,185,786) $ (70,527)
Net loss per basic share of common stock attributable to the shareholders of The E.W. Scripps Company (in dollars per share) $ (12.68) $ (0.59) $ (13.04) $ (0.81)
Net loss per diluted share of common stock attributable to the shareholders of The E.W. Scripps Company (in dollars per share) $ (12.68) $ (0.59) $ (13.04) $ (0.81)
Advertising        
Operating Revenues:        
Total operating revenues $ 315,820 $ 335,530 $ 631,486 $ 661,380
Distribution        
Operating Revenues:        
Total operating revenues 163,917 195,404 356,280 384,328
Other        
Operating Revenues:        
Total operating revenues $ 10,664 $ 9,146 $ 19,503 $ 18,765