Anthem Sports & Entertainment vs Scripps

Scripps taps Sean McGarvy to lead news strategy

Scripps announced the appointment of Sean McGarvy to lead news strategy, dated Sept. 28, 2026.

10-Q Financial Filing Analysis for Scripps (2026-08-07)

The E.W. Scripps Company reported its Q2 2026 financial results, marked by an operating revenue decline of 9.2% year-over-year to $490.4 million and a net loss attributable to shareholders of $1.17 billion (or -$12.68 per share). The results were severely impacted by a $1.14 billion non-cash impairment of goodwill and intangible assets within the Scripps Networks segment, driven by weak national advertising demand, linear ratings pressures, and Nielsen measurement methodology changes. Operating revenues were also pressured by a 16.7% drop in Local Media distribution revenue due to temporary blackout periods during carriage disputes with Comcast and DirecTV, though partially offset by higher political advertising ($29.7 million vs. $3.1 million in Q2 2025). Scripps continued portfolio reshaping through station swaps with Gray Media, non-core asset sales (WRTV, WFTX, Court TV), and an enterprise transformation plan targeting $125-$150 million in annualized EBITDA growth by 2028.

• Q2 2026 total operating revenues fell 9.2% YoY to $490.40 million, driven by core ad declines and a $26.7 million impact from MVPD carriage blackout disputes.
• The company recognized a $1.14 billion non-cash impairment charge on goodwill and intangibles in the Scripps Networks division, resulting in a quarterly net loss of $1.15 billion.
• Proceeds from Q1 2026 divestitures (WRTV, WFTX, and Court TV) generated $127 million, alongside an asset swap of stations across five markets completed with Gray Media in May 2026.

Scripps announces new regional leadership structure for Local Media

Scripps announces new regional leadership structure for Local Media (Sept. 9, 2026); PWHL and Scripps Sports announce national U.S. television partnership for 2026-27 season (Sept. 9, 2026); ESPN & ION to bring WTGL, the new women's team golf league from TMRW Sports and LPGA, to fans across the U.S. (Sept. 2, 2026); Scripps taps NBCU sales veteran to lead small and medium business growth and direct response advertising (Aug. 27, 2026); Inaugural Scripps Sports Women's Basketball Showcase headed to Mortgage Matchup Center on December 16 (Aug. 14, 2026); Scripps' KRTV wins National Murrow Award for 'Excellence in Innovation' (Aug. 14, 2026); Scripps reports Q2 2026 financial results (Aug. 6, 2026); Scripps completes acquisition of WTVQ in Lexington (Aug. 1, 2026); Scripps unites television operations under Dean Littleton's leadership (July 22, 2026); Scripps to release second-quarter 2026 operating results on Aug. 6 (July 15, 2026); Scripps Sports and ION score U.S. media rights for the 2027 FIVB Women's Volleyball World Cup (July 14, 2026); Scripps reaches third major retransmission deal of 2026 with DIRECTV renewal (July 13, 2026).