E.W. SCRIPPS Co (SSP) Form 8-K — Oct 28, 2026
Scripps raised its full-year 2026 political advertising revenue guidance to about $275 million, roughly 40% above its 2022 midterm revenue and up from its August guide of $225-250 million. Q3 political revenue came in near $81 million on strong candidate and issue spending across key swing-state markets. The company also completed 431 workforce reductions on October 28, bringing total 2026 headcount cuts to about 850 — nearly 20% of its workforce at the start of the year. These cuts underpin a transformation plan targeting $125-150 million of EBITDA growth by 2028.
Key figures
- Guidance
- Full-year 2026 midterm Local Media political advertising revenue raised to about $275 million, ~40% above 2022 midterm revenue; ~$100 million annual run-rate savings implemented by year end.
- Cash Position
- 83000000
- Q3 political revenue
- nearly $81 million
- Prior political guide
- $225-250 million
- Q4 debt paydown planned
- at least $150 million
- Full year political guide
- $275 million
- Targeted ebitda growth 2028
- $125-$150 million
- Workforce reduction percent
- nearly 20%
- Total employees impacted 2026
- about 850
- Workforce reductions completed
- 431
- Annual run rate savings by year end
- about $100 million
AI analysis
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