EW SCRIPPS Co
For the period ended Jun 30, 2024. Filed Aug 9, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Jun 30, 2024 · Filed Aug 9, 2024
SSP$3.69+3.7%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Statements of Operations
Condensed Consolidated Statements of Operations (Unaudited)
| Three Months Ended June 30, | Six Months Ended June 30, | |||
|---|---|---|---|---|
| (in thousands, except per share data) | 2024 | 2023 | 2024 | 2023 |
| Operating Revenues: | ||||
| Advertising | $365,981 | $371,103 | $715,739 | $723,202 |
| Distribution | 199,599 | 200,902 | 402,159 | 367,461 |
| Other | 8,049 | 10,831 | 17,195 | 19,951 |
| Total operating revenues | 573,629 | 582,836 | 1,135,093 | 1,110,614 |
| Operating Expenses: | ||||
| Cost of revenues, excluding depreciation and amortization | 327,107 | 316,824 | 655,640 | 625,284 |
| Selling, general and administrative expenses, excluding depreciation and amortization | 151,532 | 154,262 | 297,225 | 301,148 |
| Restructuring costs | 973 | 7,992 | 5,988 | 24,503 |
| Depreciation | 15,150 | 15,137 | 30,270 | 30,190 |
| Amortization of intangible assets | 23,318 | 23,491 | 46,886 | 46,981 |
| Impairment of goodwill | — | 686,000 | — | 686,000 |
| Losses (gains), net on disposal of property and equipment | (157) | 358 | (10) | 1,254 |
| Total operating expenses | 517,923 | 1,204,064 | 1,035,999 | 1,715,360 |
| Operating income (loss) | 55,706 | (621,228) | 99,094 | (604,746) |
| Interest expense | (52,123) | (52,275) | (107,040) | (101,113) |
| Defined benefit pension plan income | 177 | 134 | 354 | 268 |
| Miscellaneous, net | (419) | (675) | 16,402 | (1,178) |
| Income (loss) from operations before income taxes | 3,341 | (674,044) | 8,810 | (706,769) |
| Provision (benefit) for income taxes | 1,912 | (4,215) | 5,755 | (18,400) |
| Net income (loss) | 1,429 | (669,829) | 3,055 | (688,369) |
| Preferred stock dividends | (14,432) | (12,577) | (28,809) | (25,153) |
| Net loss attributable to the shareholders of The E.W. Scripps Company | $(13,003) | $(682,406) | $(25,754) | $(713,522) |
| Net loss per basic share of common stock attributable to the shareholders of The E.W. Scripps Company | $(0.15) | $(8.10) | $(0.30) | $(8.49) |
| Net loss per diluted share of common stock attributable to the shareholders of The E.W. Scripps Company: | $(0.15) | $(8.10) | $(0.30) | $(8.49) |
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