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The E.W. Scripps Company SSP Scripps Networks — Impairment of goodwill
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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-Q, filed August 7, 2026.
- Filed
- Aug 7, 2026, 2:52 PM EDT
- Fiscal quarter
- Q2 FY2026
- Calendar quarter
- Q2 2026
- Accession
- 0000832428-26-000034
| (in thousands) | Local Media | Scripps Networks | Other | Total |
|---|---|---|---|---|
| Net balance as of December 31, 2025 | 858,757 | 1,052,387 | 7,190 | 1,918,334 |
| Sale of television stations in Gray swap | (26,770) | — | — | (26,770) |
| Acquired television stations from Gray swap | 4,932 | — | — | 4,932 |
| Impairment charge | — | (966,682) | — | (966,682) |
| Balance as of June 30, 2026 | $836,919 | $85,705 | $7,190 | $929,814 |
| Gross balance as of June 30, 2026 | $1,036,223 | $2,022,159 | $7,190 | $3,065,572 |
| Accumulated impairment losses | (199,304) | (1,936,454) | — | (2,135,758) |
| Net balance as of June 30, 2026 | $836,919 | $85,705 | $7,190 | $929,814 |
Item 6. Exhibits
FAQ
- What is The E.W. Scripps Company's scripps networks — impairment of goodwill?
- The E.W. Scripps Company (SSP) reported scripps networks — impairment of goodwill of $967M in Q2 2026.
- What does scripps networks — impairment of goodwill mean?
- This charge reflects a reduction in the carrying value of goodwill when the fair value of the reporting unit falls below its recorded book value. It indicates that the expected future economic benefits from past acquisitions have diminished, often due to market shifts or underperformance. This is a critical indicator of potential strategic misalignments or deteriorating business conditions within the segment.
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