SSP on Nasdaq

E. W. Scripps Company

Logo: E. W. Scripps Company, Public domain, via Wikimedia Commons5

American media company

The E. W. Scripps Company, also known as Scripps, is an American broadcasting company founded in 1878 as a chain of daily newspapers by Edward Willis "E. W." Scripps and his sister, Ellen Browning Scripps. It was also formerly a media conglomerate. The company is headquartered at the Scripps Center in Cincinnati, Ohio.3 Its chief executive is Adam P. Symson.1 Its shares trade on Nasdaq under the symbol SSP.1 Wikipedia text CC BY-SA 4.0

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Last updated Oct 21, 2026.

Overview

$2.2BRevenue, fiscal 20256
-$100.9MNet income, fiscal 20256
Nov 2, 1878Founded1

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  • TickerSSP on Nasdaq1
  • Industrybroadcast television system, printed press1
  • HeadquartersCincinnati1
  • Websitewww.scripps.com
  • Legal formjoint-stock company1
  • Slogan“Give light and the people will find their own way”1
  • Incorporated inOH7
  • Business address312 Walnut Street, Cininnati, Oh 452027
  • Filer categoryAccelerated filer7
  • LEI549300U1OW41QPKYW0284
  • StatusActive4
  • LEI statusLapsed (not renewed)4
  • Registered addressC/O CORPORATION SERVICE COMPANY, 43215 Columbus, United States4
  • Registered withCorporation Database (Ohio Secretary of State), 7132174
Cincinnati-scripps-center
Photo: CC BY 2.0, via Wikimedia Commons10

The E. W. Scripps Company, also known as Scripps, is an American broadcasting company founded in 1878 as a chain of daily newspapers by Edward Willis "E. W." Scripps and his sister, Ellen Browning Scripps. It was also formerly a media conglomerate. The company is headquartered at the Scripps Center in Cincinnati, Ohio. Its corporate motto is "Give light and the people will find their own way", which is symbolized by the media empire's longtime lighthouse logo.3

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2025

8.6%Operating margin6
-4.7%Net margin6
-14.3%Revenue growth, 20256
-8.1%Return on equity6
2.07×Debt to equity6
$6.5MFree cash flow6

Where the money goes

Where each dollar of revenue went, fiscal 2025

  • Selling, general and admin26¢$563.0M
  • Other costs73¢$1.6B
  • Income tax1¢$18.6M

Out of $2.2B in revenue.6 The company lost money this year.

Where each dollar of operating cash went, fiscal 2025

  • Capital spending88¢$46.6M
  • Kept or used elsewhere12¢$6.5M

Out of $53.1M of cash from operations.6

Financial statements

Revenue11121314156$2.2B in 2025+86% since 2018
0$1.0B$2.0B$3.0B2018: $1.2B$1.2B20182019: $1.4B$1.4B2019+17%2020: $1.9B$1.9B2020+37%2021: $2.3B$2.3B2021+23%2022: $2.5B$2.5B2022+7%2023: $2.3B$2.3B2023−7%2024: $2.5B$2.5B2024+9%2025: $2.2B$2.2B2025−14%
Operating income11121314156$184.0M in 2025+24% since 2018
-$1.0B-$500.0M0$500.0M2018: $148.5M$148.5M20182019: $87.4M$87.4M2019−41%2020: $303.5M$303.5M2020+247%2021: $400.7M$400.7M2021+32%2022: $428.3M$428.3M2022+7%2023: -$753.2M-$753.2M20232024: $412.5M$412.5M20242025: $184.0M$184.0M2025−55%
Net income11121314156-$100.9M in 2025
-$1.0B-$500.0M0$500.0M2018: $19.7M$19.7M20182019: -$18.4M-$18.4M20192020: $269.3M$269.3M20202021: $122.7M$122.7M2021−54%2022: $195.9M$195.9M2022+60%2023: -$947.8M-$947.8M20232024: $146.2M$146.2M20242025: -$100.9M-$100.9M2025
Fiscal year20182019202020212022202320242025
Revenue$1.2B11$1.4B12$1.9B13$2.3B14$2.5B15$2.3B6$2.5B6$2.2B6
Selling, general and admin$449.9M12$497.7M13$595.1M14$623.2M15$614.8M6$606.2M6$563.0M6
Operating expenses$1.9B14$2.0B15$3.0B6$2.1B6$2.0B6
Operating income$148.5M11$87.4M12$303.5M13$400.7M14$428.3M15-$753.2M6$412.5M6$184.0M6
Interest$36.2M11$80.6M12$93.0M13$165.2M14$161.1M14$213.5M14
Income before tax$187.1M14$276.5M15-$967.5M6$210.0M6-$119.5M6
Income tax$22.8M11$2.9M12$55.5M13$71.2M14$80.6M15-$19.7M6$63.8M6-$18.6M6
Net income$19.7M11-$18.4M12$269.3M13$122.7M14$195.9M15-$947.8M6$146.2M6-$100.9M6
Earnings per share$0.2511-$0.2312$3.2313$0.8714$1.7115-$11.846$1.016-$1.876
Earnings per share (diluted)$0.2411-$0.2312$3.2113$0.8114$1.6215-$11.846$1.016-$1.876
Shares (weighted, basic)82.3M shares1483.2M shares1584.3M shares685.7M shares688.0M shares6
Shares (weighted, diluted)88.0M shares1487.3M shares1584.3M shares686.1M shares688.0M shares6

Compare E. W. Scripps Company with another company

Corporate structure

E. W. Scripps Company sits at the top of its group. 12 entities, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of E. W. Scripps Company

  • E. W. Scripps Company Cincinnati, Ohio, United States
    • Earwolf Subsidiary · Los Angeles
    • Ion Media Subsidiary · West Palm Beach
    • Scripps Networks Subsidiary · Marietta
      • Grit Subsidiary · United States
    • Scripps-Blades News Association Subsidiary
    • Cordovan Business Journals Subsidiary · United States
    • KMCI-TV Subsidiary · United States
    • Scripps Media, Inc. Subsidiary · Delaware, United States
    • Scripps National Division Holding Company Subsidiary · Delaware, United States
    • Scripps Sports Subsidiary · United States
    • Scripps-Howard Broadcasting Company Subsidiary · United States
    • Birmingham Post-Herald Owned
    • Cleveland Press Owned
    • cracked.com Owned
    • El Paso Herald-Post Owned
    • Hollywood Sun-Tattler Owned · United States
    • KFFN Owned · Arizona, United States
    • KFLT-FM Owned · Arizona, United States
    • KJOT Owned · Idaho, United States
    • KMXZ-FM Owned · Arizona, United States
    • KQXR Owned · Idaho, United States
    • KRVB Owned · Idaho, United States
    • KTGV Owned · Oracle, United States
    • KTHI Owned · Idaho, United States
    • Metro Pulse Owned
    • Rocky Mountain News Owned · United States
    • and 8 more

Built from parent and subsidiary links from GLEIF, the Global Legal Entity Identifier Foundation (CC0); subsidiaries listed in Exhibit 21 of annual reports filed with the SEC; subsidiaries, stakes and holdings from Wikidata (CC0); major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What E. W. Scripps Company reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

ItemLatestA year beforeChange
Finance-lease assets$25.9M6 Dec 31, 2025$26.7M6 Dec 31, 2024−3.0%
Operating-lease assets (leased space)$96.0M6 Dec 31, 2025$90.1M6 Dec 31, 2024+6.5%

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$27.9M6 Dec 31, 2025$23.9M6 Dec 31, 2024+17.1%
Stakes in other companies (equity method)$7.9M6 Dec 31, 2025$2.5M6 Dec 31, 2024+212.6%
Long-term investments$14.4M6 Dec 31, 2025$8.9M6 Dec 31, 2024+61.7%

Intangibles and goodwill

ItemLatestA year beforeChange
Goodwill$1.9B6 Dec 31, 2025$2.0B6 Dec 31, 2024−2.6%
Intangible assets, net (excluding goodwill)$1.5B6 Dec 31, 2025$1.6B6 Dec 31, 2024−7.2%
Indefinite-lived intangibles (excluding goodwill)$764.5M6 Dec 31, 2025$779.4M6 Dec 31, 2024−1.9%
Finite-lived intangibles, gross$1.4B6 Dec 31, 2025$1.4B6 Dec 31, 2024−2.7%
Accumulated amortization$627.3M6 Dec 31, 2025$563.2M6 Dec 31, 2024+11.4%
Finite-lived intangibles, net$753.3M6 Dec 31, 2025$856.1M6 Dec 31, 2024−12.0%

Properties, in its own words

We lease our principal executive offices in a building located at 312 Walnut Street, Cincinnati, OH 45202.

We own or lease the facilities and equipment used by our television stations. We own, lease or co-own with other broadcast television stations, the towers used to transmit our television signals.

The rest of Item 2

Our Scripps Networks business primarily leases their facilities for executive offices, sales offices and studio space, while our critical uplink and monitoring site is owned.

All of our owned and leased properties are in good condition, and suitable for the conduct of our present business. We have and will continue to consider monetizing our owned real estate when opportunities arise. We believe that suitable additional or alternative space, including those under lease options, will be available at commercially reasonable terms for future site replacement or expansion.

Item 2 of the 10-K filed Feb 27, 2026.22

Stakes and holdings (Wikidata)

  • Birmingham Post-Herald
  • Cleveland Press
  • El Paso Herald-Post
  • Hollywood Sun-Tattler
  • Ion Media
  • KFFN
  • KFLT-FM
  • KJOT
  • KMXZ-FM
  • KQXR
  • KRVB
  • KTGV
  • KTHI
  • Metro Pulse
  • Rocky Mountain News
  • Scripps Networks
  • Scripps News
  • The Albuquerque Tribune
  • The Cincinnati Post
  • The Columbus Citizen-Journal
  • The Commercial Appeal
  • The Pittsburgh Press
  • WFTS-TV
  • WMAR-TV
All 25 holdings
  • cracked.com

Things Wikidata records the company as owning, with the share when stated.1

The story

Founded by E. W. Scripps on Nov 2, 1878.1

History

19th century

The E. W. Scripps Company was founded as a newspaper company on November 2, 1878, when Edward Willis Scripps published the first issue of the Cleveland Penny Press.

In 1894, Scripps and his half-brother, George H. Scripps, organized their various papers into the first modern newspaper chain. In July 1895, it was named the Scripps-McRae League to reflect the leadership of Cincinnati Post general manager Milton A. McRae, a longtime partner. The company expanded during the decade to publish newspapers in California, Denver, Chicago, Dallas, Nashville, and elsewhere.

20th century

In early November 1922, the Scripps-McRae League was renamed Scripps-Howard Newspapers to recognize company executive Roy W. Howard. On November 23, the E. W. Scripps Company was incorporated and placed in trust for Scripps' children and grandchildren. The company's shares were divided into two types: Class A Common Shares, which were traded on the New York Stock Exchange, and common voting shares, which were not publicly traded and elected a majority of the company's directors (a number of media companies, including the New York Times Company and the Washington Post organization, are governed by this system so that the descendants of the company's founders can keep control of the company). E. W. Scripps died in 1926.

On June 2, 1902, Scripps founded the Newspaper Enterprise Association (NEA), based in Cleveland, Ohio, as a news report service for different Scripps-owned newspapers. It started selling content to non-Scripps owned newspapers in 1907, and by 1909, it became a more general syndicate, offering comics, pictures and features as well. It moved from Cleveland to Chicago in 1915, with an office in San Francisco. NEA rapidly grew and delivered content to 400 newspapers in 1920 and about 700 in 1930. Today, it is the oldest syndicate still in operation.

Scripps created the United Press news agency in 1907 by uniting three smaller syndicates and controlled it until a 1958 merger with William Randolph Hearst's smaller competing agency, INS, to form United Press International. With the Hearst Corporation as a minority partner, UPI continued under Scripps management until it was sold off in 1982. A separate wire service, the Scripps Howard News Service, operated for 96 years from 1917 to 2013.

United Feature Syndicate was formed in 1919 as a division of UP to distribute editorial columns, features and comic strips, and became a dominant player in the syndication market in the fall of 1931 thanks to Scripps' acquisition of the New York World, which controlled the Pulitzer company's syndication arms, Press Publishing Co. and World Feature Service. In May 1978, Scripps merged United Feature Syndicate and Newspaper Enterprise Association to form United Media Enterprises.

The company expanded its newspaper holdings throughout the pre-World War II period, acquiring many titles and merging them, including the Rocky Mountain News and Knoxville News-Sentinel. A trickle of closures and sales occurred over the next few decades. In 1966, Scripps' New York World-Telegram was merged into the New York World Journal Tribune, which closed in 1967. Papers in Indianapolis, Washington, Houston and Fort Worth were closed in the 1960s and 1970s, and the former flagship Cleveland Press was sold in 1980. Scripps also closed properties in Memphis, Columbus, Thousand Oaks and El Paso throughout the 1980s and 1990s, while selling the Pittsburgh Press in 1992.

In 1985, the company went into home video foray with its acquisition of Kartes Video Communications in an effort to expand the marketplace. Two years later, Scripps Howard sold off Kartes Video Communications back to its founders, after an aborted deal where Scripps-Howard's acquisition of Hanes failed.

Read the full text

In 1997, Scripps bought daily newspapers in the Texas cities of Abilene, Wichita Falls, San Angelo and Plano, plus the paper in Anderson, South Carolina, from Harte-Hanks Communications, along with 25 non-daily newspapers and San Antonio-based KENS-TV and KENS-AM. The purchase price was to be between $605 and $775 million, depending on a federal ruling. (Scripps eventually spun off all of its newspapers into Journal Media Group in 2015.)

Scripps made its first foray into broadcasting in 1935, forming a company called Continental Radio and buying radio stations WCPO in Cincinnati and WNOX in Knoxville. After the war, In 1947, Scripps opened its first television station, Cleveland-based WEWS-TV, with Memphis-based WMC-TV and Cincinnati-based WCPO-TV in subsequent years. It now owns dozens of TV and radio stations. In the 1980s and 1990s, Scripps became a cable television provider and also developed programming for cable, notably SportSouth (currently FanDuel Sports Network South) in 1990 (in a joint venture with Turner Broadcasting and TCI), Food Network in 1993 and HGTV in 1994. (Scripps spun off its cable properties into Scripps Network Interactive in 2008.)

The company went public with an IPO in 1988 and was traded on the NASDAQ. It owned 20 daily newspapers and 9 television stations at the time, and cable systems in 10 states. The company completed a new downtown Cincinnati headquarters, the 35-story high-rise Scripps Center, in 1990. In 1991, Scripps transferred its shares to the New York Stock Exchange.

21st century

In June 2000, E.W. Scripps Company announced that it would launch the Fine Living Network (later renamed as the Cooking Channel in 2010), the channel was originally scheduled to launch in September 2001, it eventually launched on August 21, 2002.

On October 12, 2004, the first incarnation of Scripps Networks (then a division of the E.W. Scripps Company) announced that it would acquire Great American Country (later renamed as Great American Family in 2022) from Jones Radio Network for $140 million.

In October 2007, Scripps announced that it would separate into two publicly traded companies: The E. W. Scripps Company (newspapers, TV stations, licensing/syndication) and Scripps Networks Interactive (HGTV, Food Network, DIY Network, Cooking Channel (formerly known as Fine Living), Travel Channel and Great American Country). The transaction was completed on July 1, 2008.

After a test launch at WFTS-TV in 2009, Scripps television stations launched YouTube channels in 2010. These are similar to YouTube channels operated by Hearst Television and LIN Television.

On February 24, 2011, United Media struck a distribution deal with Universal Uclick (now known as Andrews McMeel Syndication) for syndication of the company's 150 comic strip and news features, which became effective on June 1 of that year. At that point, United Media, and by extension the Scripps Company, exited the syndication business.

On September 12, 2011, Scripps partnered with Cox Media Group and Raycom Media to launch Right This Minute, a viral video program. On the same day, Scripps launched The List, a news magazine. Both were part of an approach for "homegrown" programming—programming created by Scripps. Raycom also launched America Now on the same day. The creator of RTM and The List applied this "homegrown" programming approach to Tegna in 2015, with the launch of T.D. Jakes. Scripps launched Let's Ask America in 2013 (now cancelled), partnering with Telepictures to do so, and Pickler and Ben in 2017.

On October 3, 2011, Scripps announced it was purchasing the television arm of McGraw-Hill for $212 million. This purchase nearly doubled the number of Scripps stations to 19 with a combined reach of 13% of U.S. households. Upon the 2012 death of E. W. Scripps' grandson, Robert Scripps, the Edward W. Scripps Trust was dissolved and its stock divided among the surviving trustees.

In December 2013, Scripps acquired the digital video news service Newsy for $35 million, the service was later renamed as Scripps News in 2023.

On July 30, 2014, Scripps and Journal Communications announced that the two companies would merge and spin-off their newspaper assets. The deal created a broadcast group under the E. W. Scripps Company name and retaining the Cincinnati headquarters, and a newspaper company based in Milwaukee, Wisconsin, under the Journal Media Group name. The FCC approved the deal on December 12, 2014, and it was approved by shareholders on March 11, 2015. The merger and spinoff were completed on April 1, 2015. In turn, Journal Media Group was acquired by Gannett Company on April 8, 2016. Gannett had also shed their television and broadcast operations into a spin-off, Tegna, months after the Scripps-Journal merger.

In April 2016, Demand Media announced the sale of the humor/listicle website Cracked.com to E. W. Scripps. In June, it acquired podcast service Stitcher from Deezer.

On August 1, 2017, Scripps announced the purchase of Katz Broadcasting and its three networks plus Bounce which Katz operates, for $292 million, acquiring the other 95% of the company. The purchase was completed on October 2, 2017. On May 22, 2018, Scripps announced that it was changing its common stock listing back from the NYSE to Nasdaq, which occurred on June 4, 2018.

In 2025, Scripps began to rename its independent stations as The Spot, a brand that had debuted in 2003 at KMCI-TV.

On November 17, 2025, it was reported that Sinclair Broadcast Group had acquired an 8% stake in Scripps' stock, and was pursuing a potential takeover of the company. Scripps stated that its board "will take all steps appropriate to protect the company and the company's shareholders from the opportunistic actions of Sinclair or anyone else". A takeover attempt would also be complicated by the fact that any deal would have to be approved by the Scripps family, since it holds 93% of the company's voting rights. Scripps adopted a shareholder rights plan after Sinclair made an unsolicited cash-and-stock offer at $7 per-share; on December 16, 2025, the company's board rejected the offer.

On January 16, 2026, Sinclair filed letters with the Securities and Exchange Commission documenting its recent exchange with E.W. Scripps regarding a proposed acquisition. In the filing, Sinclair reiterated its willingness to pursue a combination with Scripps, despite the latter’s rejection of its offer.

On January 19, 2026, Sinclair confirmed the statement: “Over the last few weeks, Sinclair has continued to reinforce to Scripps its willingness to engage on a proposed Sinclair-Scripps combination. Scripps has refused the invitations to speak with its single largest shareholder and instead has stated its preference to execute its standalone plan. Our last proposal to Scripps represents a premium of more than 2.4x more over Scripps’ unadjusted share price, while the cash portion alone represents a 32.7% premium over the unadjusted share price. We believe this proposal is attractive to Scripps’ shareholders and, at a minimum, is worthy of engagement. As we evaluate our options, the previously announced strategic review of Sinclair’s Broadcast business and work related to the separation of Ventures will continue. Our Board and management team are committed to unlocking the full potential of both businesses and driving continued value creation for all Sinclair shareholders."

On February 26, 2026, Scripps announced its repurchase of all Inyo stations.

History

1935–1947: Early history, radio era

The company was formed in 1935 when Scripps Howard made its foray into broadcasting by purchasing radio station WFBE, renaming it WCPO after newspaper The Cincinnati Post.

Later on, Scripps purchased radio station, WNOX from the Sterchi Brothers furniture chain. In 1936, The Commercial Appeal was purchased by the Scripps Howard newspaper chain, which included the WMC stations. In 1937, the Memphis Press-Scimitar bought out WGBC from First Baptist Church of Memphis in 1937 and changed the letters to WMPS.

1947–1977: The television era

In 1947, Scripps expanded its broadcast holdings by opening its first television station, Cleveland-based WEWS-TV. This was followed in 1948 by Memphis-based WMC-TV and Cincinnati-based WCPO-TV in 1949.

The company expanded its television holdings in 1961 by purchasing West Palm Beach station WPTV-TV from the Phipps family. It was followed nearly nine years later by its purchase of its Tulsa station KVOO-TV from Central Plains Enterprises. The sale received FCC approval on November 25, 1970, and was finalized the following month on December 31. On January 1, 1971, the day after the Scripps purchase was completed, the station changed its call letters to KTEW-TV (standing for "Tulsa E.W. Scripps", and also easily interpreted as sounding like the phoneticism for "two"). This change was made due to an FCC rule in effect at the time that banned TV and radio stations in the same market, but with different owners from sharing the same call letters.

By 1963, the company has taken on its familiar name Scripps-Howard Broadcasting Company, and made it public.

1977–1994: The independent expansion

In 1977, the company expanded its focus onto independent station territory by purchasing KBMA-TV in Kansas City from the Businessmen's Assurance Company of America, but in 1981 the station was renamed to KSHB-TV. Nearly seven years later, in 1984, after Edwin Cooperstein rebuffed a bid from Tribune Company, Scripps immediately purchased independent station, KNXV-TV in Phoenix. To make room for the sale, Scripps was required to divest itself of radio stations KMEO-AM-FM.

Nearly one year later, Scripps purchased ABC station, WXYZ-TV in Detroit, and independent station WFTS-TV in Tampa Bay from Capital Cities Communications as part of a spin-off reorganization, after the FCC felt that the combination of Cap Cities and ABC exceeded the new ownership limit of 12 stations and the 25% national reach limit. On October 9, 1986, two of Scripps' stations in Phoenix and Kansas City became affiliates of the Fox Broadcasting Company television network. A third independent station in Tampa Bay joined Fox in 1988 after WTOG-TV disaffiliated from the network.

In 1988, the broadcasting division of the company started its own production company Scripps Howard Productions in order to produce and market television programs.

From 1990 to 1995, Scripps was a partner in the regional sports network SportSouth, along with Turner Broadcasting and Tele-Communications, Inc.; in 1996 the network was sold to News Corporation and became Fox Sports South.

In the summer of 1990, Scripps bought out the NBC Baltimore affiliate WMAR-TV from Gillett Communications, but in February 1991 the transfer was canceled after Scripps accused Gillett of misreporting WMAR's financial statements. Gillett then took legal action against Scripps, but both sides settled and the sale went forward. Scripps took control of the station in the spring of 1991.

On July 19, 1993, Scripps sold WMC-AM-FM-TV to Atlanta businessman Bert Ellis and his new company, Ellis Communications.

In 1994, Scripps acquired the Knoxville-based Cinetel Productions to serve as a production base for a new home lifestyle-oriented cable network, which would eventually launch in December as HGTV. and then launched a spin-off of HGTV known as DIY Network (later renamed as the Magnolia Network in January 2022) in December 1999.

1994–2000: Realignments and change

On May 23, 1994, Fox purchased a 20 percent stake in New World Communications, owner of multiple long-tenured major-market CBS affiliates, in what was a $500 million investment. In turn, 12 stations either owned by—or in the process of being purchased by—New World would switch network affiliations to Fox after existing contracts expired per-station. Three of the displaced Fox affiliates were owned by Scripps: KNXV-TV, WFTS-TV and KSHB-TV. This prompted CBS to court Scripps for a deal with KNXV and WFTS, along with long-tenured ABC affiliates WXYZ-TV and WEWS-TV; a proposed deal also included CBS purchasing a minority stake in HGTV. ABC's counteroffer to keep WEWS and WXYZ was met with a demand by Scripps that WMAR, WFTS and KNXV also link with ABC.

The demand came at the expense of two equally long-standing ABC affiliates: WJZ-TV had been with the network since 1948 while KTVK emerged in the 1980s as a market leader for local news, albeit family-owned and not part of a larger chain. ABC offered $25 million to Scripps to exclude KNXV, which was rejected in what ABC executive Bryce Rathbone stated as Scripps "[having] a gun to their head". Announced on June 15, 1994, the ABC-Scripps agreement included all three stations Scripps demanded join the network, along with WEWS and WXYZ. For WFTS, the announcement came with an expedited buildout of a news department, with local newscasts debuting the day of their switch. The other displaced Fox affiliate, KSHB, affiliated with NBC as a replacement for WDAF-TV. ABC later signed an unrelated affiliation deal with WCPO-TV in September 1995, taking effect on June 3, 1996.

In October 1995, Comcast announced the purchase of Scripps' cable provider operation.

In 1997, Scripps bought daily newspapers in the Texas cities of Abilene, Wichita Falls, San Angelo and Plano, plus the paper in Anderson, S.C. from Harte-Hanks Communications, along with 25 non-daily newspapers and San Antonio-based KENS-TV and KENS. The purchase price was to be between $605 and $775 million, depending on a federal ruling. (Scripps eventually spun off all of its newspapers into Journal Media Group in 2015. and then sold KENS and their TV counterpart to the A.H. Belo Corporation in 1997, in exchange for the acquisition of 56% stake in the Food Network for $75 million.)

In March 1996, KSHB owner Scripps Howard Broadcasting reached a deal to manage KMCI under a local marketing agreement. That August, KMCI then dropped much of its home shopping programming and rebranded as "38 Family Greats", with a family-oriented general entertainment format from 6:00 a.m. to midnight, with HSN programming being relegated to the overnight hours. The new KMCI lineup included an inventory of programs that KSHB owned but had not had time to air after it switched to NBC in 1994.

Exercising an option from the 1996 pact with Miller, Scripps bought KMCI outright for $14.6 million in 2000, forming a legal duopoly with KSHB. In 1998, the company sold Scripps Howard Productions, and Cinetel Productions was renamed to Scripps Productions.

2000–2008: The Shop at Home era

Scripps also previously owned the Shop at Home Network from 2000 until 2006. Shop at Home in turn owned five television stations, all as a division of its cable network division managed separately from the company's traditional commercial network affiliate stations.

Attempts to use Shop at Home as a complementary service to Food Network and HGTV by selling products connected to personalities of those networks were middling compared to competitors QVC and HSN. On May 22, 2006, Scripps announced that it was to cease operations of the network and intended to sell each of Shop at Home's five owned and operated television stations. Jewelry Television eventually acquired Shop at Home, but Scripps still intended to sell its affiliated stations (Jewelry Television discontinued most Shop at Home operations in March 2008). On September 26, 2006, Scripps announced that it was selling its Shop at Home TV stations to New York City-based Multicultural Television for $170 million.

2008–present: Scripps today

In October 2007, Scripps announced that it would separate into two publicly traded companies: The E. W. Scripps Company (newspapers, TV stations, licensing/syndication) and Scripps Networks Interactive (Cooking Channel (formerly known as Fine Living), DIY Network, Food Network, Great American Country, HGTV, and Travel Channel). The transaction was completed on July 1, 2008.

After a test launch at WFTS-TV in 2009, Scripps television stations launched YouTube channels in 2010. These are similar to YouTube channels operated by Hearst Television and LIN Television.

Scripps was the recipient of the 2012 National Association of Broadcasters Distinguished Service Award.

On October 3, 2011, Scripps announced it was purchasing all seven television stations owned by The McGraw-Hill Companies for $212 million; the sale is a result of McGraw-Hill's decision to exit the broadcasting industry to focus on its other core properties, including its publishing unit. This deal was approved by the FTC on October 31 and the FCC on November 29. The deal was completed on December 30, 2011.

On February 10, 2014, Scripps announced it has reached a deal to acquire Buffalo ABC affiliate WKBW-TV and Detroit MyNetworkTV affiliate WMYD from Granite Broadcasting for $110 million. The sale was approved by the FCC on May 2, 2014, and was completed on June 16, 2014. This deal has created a duopoly between WMYD and ABC affiliate WXYZ-TV.

On July 30, 2014, Scripps and Journal Communications announced that the two companies would merge and spin-off their newspaper assets. The deal created a broadcast group under the E. W. Scripps Company name and retaining the Cincinnati headquarters, and a newspaper company based in Milwaukee, Wisconsin, under the Journal Media Group name. The FCC approved the deal on December 12, 2014, and it was approved by shareholders on March 11, 2015. The merger and spinoff were completed on April 1, 2015. In turn, Journal Media Group was acquired by Gannett Company on April 8, 2016. Gannett had also shed their television and broadcast operations into a spin-off, Tegna, months after the Scripps-Journal merger.

On January 25, 2018, it was announced that Scripps had placed its radio station unit for sale. The divestiture of these stations – which were acquired through the company's 2015 acquisition of Journal Communications – would result in the separation of Scripps's television stations in Tulsa, Omaha, Milwaukee, Boise and Tucson from their co-owned radio clusters (in the case of Tulsa, KJRH-TV would be separated from KFAQ for the second time; the two stations, then using the shared KVOO callsign, were first split up in 1970, when Central Plains Enterprises sold the then-KVOO-TV to Scripps). In June 2018, Griffin Communications reached a deal to buy the Scripps Tulsa radio cluster. The sale was completed on July 28, 2018. In July 2018, Good Karma Brands reached a deal to buy the Scripps Milwaukee radio cluster. The sale was completed on November 1, 2018.

On August 20, 2018, Scripps agreed to purchase ABC affiliates KXXV in Waco, Texas and satellite station KRHD-CD in Bryan, Texas and WTXL-TV in Tallahassee, Florida, which are being spun off from the Gray Television-Raycom Media merger in order to alleviate ownership conflicts involving Gray's ownership of CBS affiliate KWTX-TV and its semi-satellite KBTX-TV in the Waco market and CBS affiliate WCTV and Retro Television Network affiliate WFXU in the Tallahassee market.

On October 29, 2018, Cordillera Communications announced that it would sell all but one of its television stations to Scripps. KVOA in Tucson, Arizona is not included in the deal as Scripps already owns KGUN-TV and KWBA in that market, and Cordillera will concurrently sell KVOA to Quincy Media. The FCC approved the sale on April 5, 2019, and the sale was completed on May 1.

On March 20, 2019, Scripps announced that it would acquire eight of the 21 (initially 19) stations being divested as part of Nexstar Media Group's $580 million acquisition of Tribune Media. The Tribune stations include CBS affiliates WTKR in Norfolk and WTVR-TV in Richmond—both in Virginia, along with Fox affiliates KSTU in Salt Lake City, Utah and WXMI in Grand Rapids, Michigan and CW affiliates WPIX in New York City, WGNT in Norfolk, Virginia and WSFL-TV in Miami, Florida. The only Nexstar station being acquired is CW affiliate KASW in Phoenix, Arizona—which would create a duopoly with longtime Scripps-owned ABC affiliate KNXV-TV. Also, Nexstar has the option to buy WPIX back between March 31, 2020, and December 31, 2021. The FCC approved the sale on September 16 with all of the transactions being completed on September 19.

In July 2020, the company sold their Stitcher podcast service and assets to SiriusXM for $325 million.

On September 22, 2020, the company announced it was buying KCDO-TV and KSBS-CD from Newsweb Corporation for $9.5 million, pending approval of the Federal Communications Commission (FCC); this would make them sister stations to ABC affiliate KMGH-TV. For the time being, KCDO has moved Grit to its primary 3.1 subchannel. The sale was completed on November 20.

On September 24, 2020, Scripps announced the acquisition of American media company Ion Media, including its networks, Ion Television, Ion Plus, Qubo, and Ion Shop (three removed a few months later) for $2.65 billion.

Scripps finally completed its sale of WPIX to Mission Broadcasting on December 30, 2020, which will also allow the company to keep three of the Ion stations that were slated to be sold to a new company, Inyo Broadcast Holdings. The sales of WPPX-TV in Philadelphia, KKPX-TV in San Francisco and KPXM-TV in Minneapolis-St. Paul, Minnesota were contingent on whether or not the sale of WPIX would close and be finalized before Scripps completed its acquisition of Ion Media.

On October 2, 2024, E.W. Scripps Co. announced that it was laying off more than 200 people as it makes major cutbacks to its national news unit.

Scripps Sports (2022–present)

In late 2022, Scripps created an in-house sports division with the intent of offering its local stations or Ion to teams and leagues as an alternative to the fledgling regional sports network. The division, eventually called Scripps Sports, announced on April 20, 2023, a deal with Ion and the WNBA for a broadcast package airing on Friday nights during the regular season, with "WNBA Friday Night Spotlight on Ion" featuring both national and regional telecasts. It marked the WNBA's first agreement with an over-the-air broadcast network other than ABC since 2002, the last year of NBC's tenure as the league's primary broadcast partner.

On May 4, 2023, Scripps Sports announced a deal with a professional sports franchise, the NHL's Vegas Golden Knights, with ION affiliate KMCC serving as the flagship of a regional network of stations that would broadcast all non-exclusive regular-season games beginning with the 2023–24 season. KMCC also transferred its Ion Television programming to a subchannel and rebrand as an independent station, with KUPX-TV doing the same. Scripps also did not renew the affiliations with the CW on its second subchannels for its statewide Montana Television Network and converted them to independent stations to accommodate the broadcasts.

On October 5, 2023, Scripps Sports announced a deal with the NHL's Arizona Coyotes, with ABC affiliate KNXV's sub-channel Antenna TV (15.2) serving as the flagship network for all non-national exclusive games in the Phoenix market beginning with the 2023–24 season. The 2nd digital subchannel of KGUN-TV, in Tucson, as well as KUPX and the 2nd digital subchannel of KSTU, in Salt Lake City, also air Coyotes games.

On July 2, Scripps Sports, the sports division of the E. W. Scripps Company, announced a deal with the Florida Panthers, which would put games over the air on WSFL-TV beginning in the 2024–25 season.

From Wikipedia’s article on E. W. Scripps Company, shared under CC BY-SA 4.0.8

Leadership

Who has led E. W. Scripps Company, and when. Pick a name to see everywhere that person has worked.

Board members and other officers (57)

Subsidiaries and ownership

Subsidiaries

Also owns

  • Birmingham Post-Herald
  • Cleveland Press
  • El Paso Herald-Post
  • Hollywood Sun-Tattler
  • KFFN
  • KFLT-FM
  • KJOT
  • KMXZ-FM
  • KQXR
  • KRVB
  • KTGV
  • KTHI
  • Metro Pulse
  • Rocky Mountain News
  • Scripps News
  • The Albuquerque Tribune
  • The Cincinnati Post
  • The Columbus Citizen-Journal
  • The Commercial Appeal
  • The Pittsburgh Press
  • WFTS-TV
  • WMAR-TV
  • cracked.com

Subsidiaries (Exhibit 21)

  • Scripps Media, Inc. Delaware9
  • Scripps National Division Holding Company Delaware9

From Wikidata.1 The subsidiaries the company lists in Exhibit 21 of its annual report, as filed.

Acquisitions

  1. 1980Acquired Cordovan Business Journals1
  2. Succeeded by Scripps-Howard1

Former names

  • SCRIPPS E W CO /DEMar 28, 1994 to Mar 16, 20157

Timeline

  1. Aug 7, 20268-K Results of operations95
  2. May 15, 20268-K Completed an acquisition or sale96
  3. May 8, 20268-K Results of operations97
  4. May 6, 20268-K Entered a material agreement; New debt or obligation98
  5. Apr 1, 20268-K Completed an acquisition or sale; Other events99
  6. Feb 26, 20268-K Results of operations; Executive or director change; Other events100
  7. Feb 6, 20268-K Regulation FD disclosure101
  8. Nov 26, 20258-K Entered a material agreement; Change to shareholders' rights; Other events102
  9. Nov 7, 20258-K Results of operations103
  10. Aug 8, 20258-K Results of operations104
  11. Aug 6, 20258-K Entered a material agreement; New debt or obligation; Other events105
  12. Jul 30, 20258-K Other events106
  13. Nov 16, 2017New chief executive Adam P. Symson becomes CEO1
  14. Aug 4, 2008New chief executive Richard A. Boehne becomes CEO24
  15. Jan 4, 2006New chief executive Kenneth W. Lowe becomes CEO25
  16. 1988Went public Listed on NYSE1
  17. Nov 2, 1878Founded Founded1

Calendar

Coming up

  1. Nov 5, 2026 · After the closeReports results for the quarter ending Sep/2026 A year earlier it reported ($0.40) a share, on Nov 6, 2025.107

When it reported results

  1. Aug 7, 2026Reported quarterly or annual results95
  2. May 8, 2026Reported quarterly or annual results97
  3. Feb 26, 2026Reported quarterly or annual results100
  4. Nov 7, 2025Reported quarterly or annual results103
  5. Aug 8, 2025Reported quarterly or annual results104
  6. Jul 28, 2025Reported quarterly or annual results108
  7. May 9, 2025Reported quarterly or annual results109
  8. Mar 12, 2025Reported quarterly or annual results110

Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar

Filings

425 filings to the SEC since October 2021: 5 annual reports, 15 quarterly reports, 43 major events, 296 insider forms, 41 large holders, 25 other. The latest 20:

  1. Oct 5, 2026SCHEDULE 13G EDGAR
  2. Aug 7, 202610-Q EDGAR
  3. Aug 7, 20268-K EDGAR
  4. Aug 5, 20263 EDGAR
  5. May 22, 20264 EDGAR
  6. May 15, 20264 EDGAR
  7. May 15, 20268-K EDGAR
  8. May 14, 2026144 EDGAR
  9. May 14, 20264 EDGAR
  10. May 14, 2026SCHEDULE 13G/A EDGAR
  11. May 8, 202610-Q EDGAR
  12. May 8, 20268-K EDGAR
  13. May 6, 20264 EDGAR
  14. May 6, 20263 EDGAR
  15. May 6, 20264 EDGAR
  16. May 6, 20264 EDGAR
  17. May 6, 20264 EDGAR
  18. May 6, 20264 EDGAR
  19. May 6, 20264 EDGAR
  20. May 6, 20264 EDGAR

The 425 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

97 open-market trades by officers, directors and large owners since October 2021: 79 buys and 18 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
May 20, 2026McCabe Molly E10% ownerSale11,239$3.29$37.0KForm 4
May 19, 2026McCabe Molly E10% ownerSale112,284$3.40$381.8KForm 4
May 18, 2026McCabe Molly E10% ownerSale142,970$3.48$497.5KForm 4
May 15, 2026McCabe Molly E10% ownerSale60,182$3.35$201.6KForm 4
May 14, 2026Granado Geraldine Scripps10% ownerBuy72,798$3.54$257.7KForm 4
May 13, 2026Brickner Samantha J.10% ownerBuy1,262$3.53$4.5KForm 4
Mar 10, 2026Sanchez Mary Ann S.10% ownerBuy93,377$4.59$428.6KForm 4
Mar 10, 2026Brickner Samantha J.10% ownerBuy46,412$4.59$213.0KForm 4
Mar 10, 2026Granado Geraldine Scripps10% ownerBuy8,399$4.59$38.6KForm 4
Mar 10, 2026Granado Manuel E.10% ownerBuy10,000$4.46$44.6KForm 4
Mar 10, 2026Brickner Savannah10% ownerBuy27,682$4.59$127.1KForm 4
Mar 10, 2026Granado Anthony S.10% ownerBuy4,200$4.59$19.3KForm 4
Mar 10, 2026Granado Ellen B.10% ownerBuy18,000$4.46$80.3KForm 4
Mar 10, 2026Peirce Mary10% ownerBuy729$4.59$3.3KForm 4
Mar 10, 2026Heidt Austin S10% ownerBuy4,000$4.48$17.9KForm 4
Mar 10, 2026Sanchez Vanessa L.10% ownerBuy4,200$4.59$19.3KForm 4
Mar 10, 2026Granado Raymundo H. Jr.DirectorBuy4,984$4.59$22.9KForm 4
Mar 9, 2026Sanchez Mary Ann S.10% ownerBuy127,338$4.43$564.1KForm 4
Mar 9, 2026Brickner Samantha J.10% ownerBuy63,955$4.43$283.3KForm 4
Mar 9, 2026Granado Geraldine Scripps10% ownerBuy13,705$4.43$60.7KForm 4

All 97 trades can be filtered by person here when JavaScript is on.

From Forms 4 filed with the SEC.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

Executive pay

What the company paid its top executives, from the summary compensation table in its proxy statement. Total pay includes salary, bonus, stock and option awards and other pay, as the company valued them.

YearExecutiveAgeSalaryTotal pay
2025Adam P. Symson$1.4M$7.2M121
2025Brian G. Lawlor$840.0K$3.1M121
2025Jason P. Combs$800.0K$3.0M121
2025Laura M. Tomlin$675.0K$2.6M121
2025David Giles$525.0K$2.1M121
2024President & Chief$1.3M$4.4M121
2024PresidentScripps Sports$805.8K$1.7M121
2024Chief Financial Officer$688.5K$1.5M121
2024Chief Transformation Officer$612.0K$1.3M121
2023Executive Officer$1.3M$5.3M121
2023PresidentScripps Sports$790.0K$2.2M121
2023Chief Financial Officer$675.0K$2.1M121
2023Chief Transformation Officer$600.0K$1.8M121

Held by these funds

The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 100. Change is in shares since the quarter before.

FundSharesValueShare of the fundChange
BlackRock, Inc.4,695,070$13.0M0.0%−31,489
Penn Capital Management Company, LLC4,631,474$12.8M0.8%+273,209
Dimensional Fund Advisors LP3,421,548$9.5M0.0%−307,607
Vanguard Capital Management LLC3,074,271$8.5M0.0%+74,201
New York State Common Retirement Fund3,052,059$8.5M0.0%+243,638
Gamco Investors, Inc. Et Al2,637,020$7.3M0.1%−24,858
Wittenberg Investment Management, Inc.2,636,071$7.3M2.5%+283,910
Charles Schwab Investment Management Inc2,463,331$6.8M0.0%−1,199,443
Minerva Advisors LLC1,832,707$5.1M3.2%+306,217
Goldman Sachs Group Inc1,713,997$4.7M0.0%+965,335
Geode Capital Management, LLC1,682,708$4.7M0.0%+2,229
Lee Danner & Bass Inc1,417,439$3.9M0.2%No change
State Street Corp1,375,820$3.8M0.0%+13,015
Gabelli Funds LLC1,366,312$3.8M0.0%−9,212
Nomura Holdings Inc1,299,741$3.6M0.0%New
D. E. Shaw & Co., Inc.1,194,108$3.3M0.0%−341,759
Vanguard Portfolio Management LLC1,120,792$3.1M0.0%+9,456
Miramar Fiduciary Corp1,067,124$3.0M2.9%No change
Russell Investments Group, Ltd.930,128$2.6M0.0%+32,380
Lido Advisors, LLC889,588$2.5M0.0%+18
Bridgeway Capital Management, LLC888,760$2.5M0.0%+37,686
Empowered Funds, LLC529,733$1.5M0.0%+60,559
Northern Trust Corp519,240$1.4M0.0%+2,173
Panagora Asset Management Inc514,549$1.4M0.0%+109,413
Gryphon Financial Partners LLC471,770$1.3M0.1%+225,461

13F reports cover disclosed long positions in U.S. stocks only.

SEC filer profile

How E. W. Scripps Company is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARE.W. SCRIPPS Co2
  • CIK0000832428
  • Employer ID (EIN)31-122333922
  • Filer statusAccelerated filer not an emerging growth company; not a smaller reporting company; not a shell company22
  • Incorporated inOhio22
  • Fiscal year endsDecember 312
  • Industry code (SIC)4833 Television Broadcasting Stations2
  • SEC reviewing officeOffice of Technology, Division of Corporation Finance2
  • Business address312 Walnut Street, Cininnati, OH 452022
  • Mailing address312 Walnut Street, Cincinnati, OH 452022
  • Phone51397730002
  • Shares outstanding77,096,119 Common Class A shares; 11,932,722 Voting Common Stock shares as of Jan 31, 202622
  • Public float$183.0M as of Jun 30, 202522
  • AuditorDeloitte & Touche LLP, Cincinnati, Ohio PCAOB ID 34; it also attests to the company’s internal control over financial reporting22
  • On EDGAR sinceMar 28, 19942
  • Filings3,061 in all: 4 (1,977), 8-K (292), 3 (131), 10-Q (98), SC 13G/A (83), 4/A (79), SC 13D/A (40), 425 (34)2
    All 49 form types

    10-K (33), DEF 14A (33), SC 13G (30), DEFA14A (29), 3/A (26), 8-K/A (18), S-8 (16), UPLOAD (16), CORRESP (14), ARS (13), 144 (9), SCHEDULE 13D/A (9), DFAN14A (8), 424B5 (7), S-3 (6), 10-K/A (5), S-4/A (5), 5 (4), SCHEDULE 13G/A (4), 10-Q/A (3), 424B1 (3), 424B3 (3), NO ACT (3), SC 13D (3), 8-A12B (2), DEFC14A (2), PRE 14A (2), PREC14A (2), PRER14A (2), PRRN14A (2), S-3/A (2), S-4 (2), SCHEDULE 13D (2), SCHEDULE 13G (2), 25 (1), 5/A (1), CERT (1), DEFM14A (1), EFFECT (1), POS AM (1), S-3ASR (1)

  • Latest filingsAnnual report (10-K) Feb 27, 2026
    Quarterly report (10-Q) Aug 7, 2026
    Proxy statement (DEF 14A) Mar 20, 2026
    Latest 8-K (8-K) Aug 7, 2026

Securities registered for trading

ClassSymbolExchange
Class A Common Stock, par value $0.01 per shareSSPNASDAQ Global Select Market

From the cover page of the 10-K filed Feb 27, 2026 (Section 12(b) of the Exchange Act).22

Risk factors and legal proceedings

The risks E. W. Scripps Company names in Item 1A of its 10-K filed Feb 27, 2026: 19 risks under these headings, as written.22

  • Risks Related to Our Businesses
  • We expect to derive the majority of our revenues from advertising spending, which is affected by numerous factors. Declines in advertising revenues will adversely affect the profitability of our business.
  • The growth of direct content-to-consumer delivery channels and resulting proliferation of programming alternatives have fragmented our television audiences. Any fragmentation of our audiences could adversely impact advertising rates as well as cause a reduction in the revenues we receive from retransmission consent agreements, resulting in a loss of revenue that could materially adversely affect our broadcast operations.
  • The loss of affiliation and carriage agreements or the costs of renewals could adversely affect our operating results.
  • Our retransmission consent revenue may be adversely affected by renewals of retransmission consent agreements, by declines in the number of subscribers to multichannel video programming distributor ("MVPD") services, by new technologies for the distribution of video programming, by revised government regulations, or by MVPDs altering their strategies for delivering paid video services.
  • We make investments in television programming ("content") in advance of knowing whether that particular content will be popular enough for us to recoup our costs. Additionally, if costs to acquire this content increase or this content becomes more difficult to obtain, our operating results may be adversely affected.
  • Our television stations will continue to be subject to government regulations which, if revised, could adversely affect our operating results.
  • The loss of skilled employees or an inability to attract and retain skilled employees could adversely affect our business.
  • Acquisitions, joint ventures and strategic alliances involve risks and, if said risks are not managed effectively, our operating results could be negatively affected.
  • We may evaluate strategic acquisitions and investments in the future, and there are various risks associated with an investment strategy.
  • We will continue to face cybersecurity and similar risks, which could result in the disclosure of confidential information, disruption of operations, damage to our brands and reputation, legal exposure and financial losses.
  • We are subject to risks related to our use of Artificial Intelligence ("AI"), a new and emerging technology, which is in the early stages of commercial use.
The other 8 risks
  • We have issued $600 million in preferred shares, the terms of which restrict us from undertaking certain actions while such preferred shares are outstanding.
  • Risks Related to the Ownership of Scripps Class A Common Shares
  • Certain descendants of Edward W. Scripps own approximately 93% of Scripps' Common Voting shares and are signatories to the Scripps Family Agreement, which governs the transfer and voting of Common Voting shares held by them.
  • We have the ability to issue preferred stock, which could affect the rights of holders of our Class A Common shares.
  • The public price and trading volume of our Class A Common shares may be volatile.
  • Risks Related to Our Indebtedness
  • We have substantial debt. The principal and interest payment obligations on such debt may restrict our future operations and impair our ability to meet our long-term obligations.
  • The agreements governing our various debt obligations impose restrictions on our operations and limit our ability to undertake certain corporate actions.
  • The agreements governing the Company's debt require us to comply with certain financial ratios and covenants; our failure to do so will result in a default thereunder, which would have a material adverse effect on us.
  • Our variable rate indebtedness subjects us to interest rate risk, which could cause our annual debt service obligations to increase significantly.

Legal proceedings

We are involved in litigation arising in the ordinary course of business, such as defamation actions and governmental proceedings primarily relating to renewal of broadcast licenses, none of which is expected to result in material loss.

The opening of Item 3, Legal Proceedings.22

Sources

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