XML 44 R28.htm IDEA: XBRL DOCUMENT
v3.25.4

Assets Held for Sale | 12 Months Ended
--- | ---
Dec. 31, 2025
Discontinued Operations and Disposal Groups [Abstract] |
Assets Held for Sale | Assets Held for Sale On September 3, 2025, we reached an agreement to sell WFTX, our local Fox-affiliated station in Fort Myers, Florida, for $40.0 million. The transaction has received necessary approval and is expected to close on March 2, 2026. In October 2025, we reached agreement to sell WRTV, our local ABC-affiliated station in Indianapolis, Indiana, for $83.0 million. The transaction has received necessary approval and is expected to close by March 6, 2026. In the fourth quarter of 2025, we committed to the sale of Court TV and closed on the sale of the network on February 9, 2026. We recognized a $19.5 million non-cash charge in the fourth quarter, reflecting the difference between the carrying value of Court TV's net assets and the transaction consideration. With the sale, we also entered into a 3-year distribution agreement at market rates with the buyer. The distribution agreement provides for the continued carriage of Court TV on Scripps properties. The following table presents a summary of the assets and liabilities held for sale included in our Consolidated Balance Sheet as of December 31, 2025.
(in thousands) |  | WFTX |  | WRTV |  | Court TV |  | Total
Assets: |  |  |  |  |  |  |  |
Total current assets |  | $ | — |  |  | $ | — |  |  | $ | 4,467 |  |  | $ | 4,467 |
Property and equipment |  | 11,585 |  |  | 6,228 |  |  | 78 |  |  | 17,891 |
Goodwill and intangible assets |  | 25,347 |  |  | 48,290 |  |  | 3,884 |  |  | 77,521 |
Operating lease right-of-use assets |  | 151 |  |  | — |  |  | — |  |  | 151 |
Other assets |  | 523 |  |  | 452 |  |  | 21,386 |  |  | 22,361 |
Adjustment to carrying value to reflect estimated fair value less cost to sell |  | — |  |  | — |  |  | (19,458) |  |  | (19,458) |
Total assets held for sale |  | 37,606 |  |  | 54,970 |  |  | 10,357 |  |  | 102,933 |
Liabilities: |  |  |  |  |  |  |  |
Total current liabilities |  | 274 |  |  | 194 |  |  | 3,357 |  |  | 3,825 |
Operating lease liabilities |  | 115 |  |  | — |  |  | — |  |  | 115 |
Other liabilities |  | 2,969 |  |  | 154 |  |  | — |  |  | 3,123 |
Total liabilities held for sale |  | 3,358 |  |  | 348 |  |  | 3,357 |  |  | 7,063 |
Net assets held for sale |  | $ | 34,248 |  |  | $ | 54,622 |  |  | $ | 7,000 |  |  | $ | 95,870 |
Pending Transaction On July 7, 2025, we entered into agreements with Gray Media, Inc. ("Gray"), to swap television stations across five markets. Upon completion of the transactions, we will acquire Gray's KKTV (CBS) in Colorado Springs, Colorado; KKCO (NBC) and low power station KJCT-LP (ABC) in Grand Junction, Colorado; and KMVT (CBS) and low power station KSVT-LD (Fox) in Twin Falls, Idaho. Gray will be acquiring WSYM (Fox) in Lansing, Michigan, and KATC (ABC) in Lafayette, Louisiana. The swap involves the exchange of comparable assets. As a result, neither company will pay cash consideration to the other. The transaction will close upon satisfaction of closing conditions and necessary regulatory approvals.

X
- References No definition available. + Details
Name: | us-gaap_DiscontinuedOperationsAndDisposalGroupsAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure related to a disposal group. Includes, but is not limited to, a discontinued operation, disposal classified as held-for-sale or disposed of by means other than sale or disposal of an individually significant component. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 205 -SubTopic 20 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/205-20/tableOfContent Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 360 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/360/tableOfContent + Details
Name: | us-gaap_DisposalGroupsIncludingDiscontinuedOperationsDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration