Scripps posts $1.2 billion Q2 loss on $1.1 billion impairment; revenue falls 9.2%
The E.W. Scripps Company reported a second-quarter 2026 net loss attributable to shareholders of $1.2 billion, or $12.68 per share, compared with a loss of $51.7 million, or 59 cents per share, a year earlier. The loss was driven mainly by a $1.1 billion non-cash impairment charge at Scripps Networks, while revenue fell 9.2% to $490 million. For shareholders, the quarter shows weaker results alongside an outlook that calls for Local Media revenue growth and a continued decline at Scripps Networks in the third quarter.
Key points
- Q2 2026 revenue was $490 million, down $49.7 million or 9.2% from the prior-year quarter.
- Net loss attributable to shareholders was $1.2 billion, or $12.68 per share, including a $1.1 billion goodwill and intangible impairment at Scripps Networks.
- Local Media distribution revenue fell 17% to $161 million, with Comcast and DirecTV service blackouts having a $26.7 million negative impact.
- For third quarter 2026, the company expects Local Media revenue up about 20% and Scripps Networks revenue down in the mid-teens percent range.
The filing
Written by AI on Nov 9, 2026, 8:29 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on August 07, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.