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The E.W. Scripps Company SSP Local Media — Impairment of goodwill

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Scripps Networks
$967M
Other
$0

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Other financials

Income statement

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Revenue$490.4M-9.2%
Gross profit$196.3M-13.3%
Operating income-$1.2B-1,611%
Net income-$1.2B-3,101%
EPS (diluted)-$12.68-2,049%

Balance sheet

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Cash & equivalents$24.4M-23.1%
Total debt$2.6B-4.7%
Total equity$100.7M-92.2%
Total assets$3.6B-28.3%

Cash flow

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Operating cash flow$13.6M+229%
CapEx$16.5M+35.6%
Free cash flow-$2.9M+87.1%

Valuation

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Market cap$270.05M-1.9%
Enterprise value$2.87B-4.2%
P/S0.1×0.0×

Profitability

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Gross margin40.4%-6.5pp
Operating margin-50.3%-67.4pp
Net margin-58%-62.3pp
FCF margin1.7%-8.3pp

Returns & leverage

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Return on equity-174.7%-183pp
Debt / equity26.1×+23.9×
Current ratio1.3×+0.1×

Where this comes from

Reported directly by The E.W. Scripps Company in its filing.

Tagged under the XBRL concept us-gaap:GoodwillImpairmentLoss.

The source filing: The E.W. Scripps Company’s 10-K, filed February 27, 2026.

Filed
Feb 27, 2026, 2:02 PM EST
Fiscal year
FY2025
Accession
0000832428-26-000010
(in thousands)Local MediaScripps NetworksOtherTotal
Gross balance as of December 31, 2022$1,122,408$2,028,890$7,190$3,158,488
Accumulated impairment losses(216,914)(21,000)(237,914)
Net balance as of December 31, 2022905,4942,007,8907,1902,920,574
Impairment charge(952,000)(952,000)
Balance as of December 31, 2023$905,494$1,055,890$7,190$1,968,574
Gross balance as of December 31, 2023$1,122,408$2,028,890$7,190$3,158,488
Accumulated impairment losses(216,914)(973,000)(1,189,914)
Net balance as of December 31, 2024$905,494$1,055,890$7,190$1,968,574

Item 16. Form 10-K Summary

FAQ

What is The E.W. Scripps Company's local media — impairment of goodwill?
The E.W. Scripps Company (SSP) reported local media — impairment of goodwill of $0 in Q4 2023.
What does local media — impairment of goodwill mean?
A non-cash charge recorded when the carrying value of goodwill associated with the Local Media segment exceeds its implied fair value. This indicates a decline in the expected future economic benefits of previously acquired businesses or assets. Frequent or large impairments suggest potential overpayment for past acquisitions or a deterioration in the segment's long-term outlook.

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