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Segment Information (Tables)

9 Months Ended

Sep. 30, 2025

Segment Reporting [Abstract]

Schedule of information regarding business segments

Information regarding our segments is as follows:

						Three Months Ended September 30, 2025
(in thousands)						Local Media						Scripps Networks						Total
Revenues from external customers						$	320,636					$	200,956					$	521,592
Intersegment revenues						4,820						—						4,820
Reportable segments revenues						325,456						200,956						526,412
Other revenues(a)																		4,262
Intersegment eliminations																		(4,820)
Total consolidated operating revenues																		$	525,854
Less:(b)
Employee compensation and benefits						105,115						22,120
Programming(c)						124,659						86,858
Other segment items(d)						42,881						38,679
Segment profit for reportable segments						52,801						53,299						$	106,100
Other segment profit (loss)(a)																		(7,598)
Shared services and corporate																		(21,387)
Restructuring costs																		(2,718)
Depreciation and amortization of intangible assets																		(37,208)
Gains (losses), net on disposal of property and equipment																		434
Interest expense																		(59,219)
Loss on extinguishment of debt																		(7,622)
Other financing transaction costs																		(6,466)
Defined benefit pension plan income (expense)																		(338)
Miscellaneous, net																		(1,165)
Income (loss) from operations before income taxes																		$	(37,187)

(a) Reflects revenues and profit (loss) from operating segments below the reportable quantitative thresholds. These operating segments include our Tablo business, the Scripps National Spelling Bee and operational aspects of the Scripps News and Scripps Sports business units. None of these operating segments have ever met any of the quantitative thresholds for determining reportable segments.

(b) The significant expense categories and amounts align with the segment-level information that is regularly provided to the chief operating decision maker.

(c) Programming includes the cost of national television network programming, carriage agreements with local television broadcasters, programming produced by us or for us by independent production companies, rights acquired under multi-year sports programming agreements and programs licensed under agreements with independent producers.

(d) Other segment items for each reportable segment includes marketing and advertising expenses, research costs, certain occupancy costs and other administrative costs.

						Three Months Ended September 30, 2024
(in thousands)						Local Media						Scripps Networks						Total
Revenues from external customers						$	440,785					$	201,672					$	642,457
Intersegment revenues						4,768						—						4,768
Reportable segments revenues						445,553						201,672						647,225
Other revenues(a)																		3,843
Intersegment eliminations																		(4,768)
Total consolidated operating revenues																		$	646,300
Less:(b)
Employee compensation and benefits						111,767						31,364
Programming(c)						124,747						87,693
Other segment items(d)						48,354						40,554
Segment profit for reportable segments						160,685						42,061						$	202,746
Other segment profit (loss)(a)																		(7,744)
Shared services and corporate																		(20,969)
Restructuring costs																		(12,665)
Depreciation and amortization of intangible assets																		(38,861)
Gains (losses), net on disposal of property and equipment																		(727)
Interest expense																		(54,442)
Defined benefit pension plan income (expense)																		152
Miscellaneous, net																		447
Income (loss) from operations before income taxes																		$	67,937

(a) Reflects revenues and profit (loss) from operating segments below the reportable quantitative thresholds. These operating segments include our Tablo business, the Scripps National Spelling Bee and operational aspects of the Scripps News and Scripps Sports business units. None of these operating segments have ever met any of the quantitative thresholds for determining reportable segments.

(b) The significant expense categories and amounts align with the segment-level information that is regularly provided to the chief operating decision maker.

(c) Programming includes the cost of national television network programming, carriage agreements with local television broadcasters, programming produced by us or for us by independent production companies, rights acquired under multi-year sports programming agreements and programs licensed under agreements with independent producers.

(d) Other segment items for each reportable segment includes marketing and advertising expenses, research costs, certain occupancy costs and other administrative costs.

						Nine Months Ended September 30, 2025
(in thousands)						Local Media						Scripps Networks						Total
Revenues from external customers						$	971,414					$	604,728					$	1,576,142
Intersegment revenues						14,197						—						14,197
Reportable segments revenues						985,611						604,728						1,590,339
Other revenues(a)																		14,185
Intersegment eliminations																		(14,197)
Total consolidated operating revenues																		$	1,590,327
Less:(b)
Employee compensation and benefits						314,599						64,949
Programming(c)						393,509						252,105
Other segment items(d)						133,962						114,334
Segment profit for reportable segments						143,541						173,340						$	316,881
Other segment profit (loss)(a)																		(20,982)
Shared services and corporate																		(65,778)
Restructuring costs																		(7,475)
Depreciation and amortization of intangible assets																		(112,866)
Gains (losses), net on disposal of property and equipment																		31,922
Interest expense																		(161,622)
Loss on extinguishment of debt																		(10,594)
Other financing transaction costs																		(44,537)
Defined benefit pension plan income (expense)																		(1,013)
Miscellaneous, net																		(2,692)
Income (loss) from operations before income taxes																		$	(78,756)

(a) Reflects revenues and profit (loss) from operating segments below the reportable quantitative thresholds. These operating segments include our Tablo business, the Scripps National Spelling Bee and operational aspects of the Scripps News and Scripps Sports business units. None of these operating segments have ever met any of the quantitative thresholds for determining reportable segments.

(b) The significant expense categories and amounts align with the segment-level information that is regularly provided to the chief operating decision maker.

(c) Programming includes the cost of national television network programming, carriage agreements with local television broadcasters, programming produced by us or for us by independent production companies, rights acquired under multi-year sports programming agreements and programs licensed under agreements with independent producers.

(d) Other segment items for each reportable segment includes marketing and advertising expenses, research costs, certain occupancy costs and other administrative costs.

						Nine Months Ended September 30, 2024
(in thousands)						Local Media						Scripps Networks						Total
Revenues from external customers						$	1,149,021					$	619,670					$	1,768,691
Intersegment revenues						14,294						—						14,294
Reportable segments revenues						1,163,315						619,670						1,782,985
Other revenues(a)																		12,702
Intersegment eliminations																		(14,294)
Total consolidated operating revenues																		$	1,781,393
Less:(b)
Employee compensation and benefits						324,062						91,126
Programming(c)						378,603						275,329
Other segment items(d)						146,279						123,753
Segment profit for reportable segments						314,371						129,462						$	443,833
Other segment profit (loss)(a)																		(23,377)
Shared services and corporate																		(64,195)
Restructuring costs																		(18,653)
Depreciation and amortization of intangible assets																		(116,017)
Gains (losses), net on disposal of property and equipment																		(717)
Interest expense																		(161,482)
Defined benefit pension plan income (expense)																		506
Miscellaneous, net																		16,849
Income (loss) from operations before income taxes																		$	76,747

(a) Reflects revenues and profit (loss) from operating segments below the reportable quantitative thresholds. These operating segments include our Tablo business, the Scripps National Spelling Bee and operational aspects of the Scripps News and Scripps Sports business units. None of these operating segments have ever met any of the quantitative thresholds for determining reportable segments.

(b) The significant expense categories and amounts align with the segment-level information that is regularly provided to the chief operating decision maker.

(c) Programming includes the cost of national television network programming, carriage agreements with local television broadcasters, programming produced by us or for us by independent production companies, rights acquired under multi-year sports programming agreements and programs licensed under agreements with independent producers.

(d) Other segment items for each reportable segment includes marketing and advertising expenses, research costs, certain occupancy costs and other administrative costs.

Other segment disclosures are as follows:

						Three Months Ended  September 30,												Nine Months Ended  September 30,
(in thousands)						2025						2024						2025						2024
Depreciation:
Local Media						$	9,290					$	10,842					$	28,211					$	31,028
Scripps Networks						4,971						4,698						14,767						14,242
Total depreciation for reportable segments						14,261						15,540						42,978						45,270
Other						53						56						151						186
Shared services and corporate						366						215						1,098						625
Total depreciation						$	14,680					$	15,811					$	44,227					$	46,081
Amortization of intangible assets:
Local Media						$	8,075					$	8,550					$	24,756					$	26,211
Scripps Networks						12,977						12,838						38,930						38,791
Total amortization of intangible assets for reportable segments						21,052						21,388						63,686						65,002
Other						171						450						692						1,346
Shared services and corporate						1,305						1,212						4,261						3,588
Total amortization of intangible assets						$	22,528					$	23,050					$	68,639					$	69,936
Additions to property and equipment:
Local Media						$	12,746					$	7,474					$	24,917					$	40,878
Scripps Networks						2,017						4,393						3,938						10,847
Total additions to property and equipment for reportable segments						14,763						11,867						28,855						51,725
Other						—						175						—						902
Shared services and corporate						305						1,409						709						1,870
Total additions to property and equipment						$	15,068					$	13,451					$	29,564					$	54,497

Schedule of disaggregation of principal revenue generating activities

A disaggregation of the principal activities from which we generate revenue is as follows:

						Three Months Ended  September 30,												Nine Months Ended  September 30,
(in thousands)						2025						2024						2025						2024
Operating revenues:
Core advertising						$	323,436					$	315,849					$	978,450					$	986,141
Political						5,549						131,403						11,915						176,850
Distribution						188,267						191,772						572,595						593,931
Other						8,602						7,276						27,367						24,471
Total operating revenues						$	525,854					$	646,300					$	1,590,327					$	1,781,393

Total assets by segment were as follows :

(in thousands)						As of  September 30,  2025						As of  December 31,  2024
Assets:
Local Media						$	2,293,883					$	2,323,964
Scripps Networks						2,618,654						2,753,971
Total assets by reportable segments						4,912,537						5,077,935
Other(a)						32,268						34,800
Shared services and corporate						144,783						85,840
Total assets						$	5,089,588					$	5,198,575

(a) Reflects assets of operating segments below the reportable quantitative thresholds. These operating segments include our Tablo business, the Scripps National Spelling Bee and operational aspects of the Scripps News and Scripps Sports business units.

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- Definition

Tabular disclosure of disaggregation of revenue into categories depicting how nature, amount, timing, and uncertainty of revenue and cash flows are affected by economic factor.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 5
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479806/606-10-50-5

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Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 25
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-25

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-Name Accounting Standards Codification
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-Section 50
-Paragraph 30
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