Scripps Completes Ion Media Asset Acquisition
Ticker: SSP · Form: 8-K · Filed: Apr 1, 2026 · CIK: 0000832428
| Field | Detail |
|---|---|
| Company | E.W. Scripps Co (SSP) |
| Form Type | 8-K |
| Filed Date | Apr 1, 2026 |
| Risk Level | medium |
| Pages | 2 |
| Reading Time | 3 min |
| Key Dollar Amounts | $0.01, $83 million |
| Sentiment | neutral |
Sentiment: neutral
Topics: acquisition, assets, media
TL;DR
Scripps just bought some Ion Media assets, deal closed March 31st.
AI Summary
E.W. Scripps Co. announced the completion of its acquisition of certain assets from Ion Media Networks, Inc. on March 31, 2026. The filing details the completion of this transaction, which involves the disposition of assets related to the acquisition. Specific financial details of the transaction are expected to be further elaborated upon in the accompanying financial statements and exhibits.
Why It Matters
This acquisition signifies a strategic move by E.W. Scripps to expand its media portfolio, potentially impacting its market position and future revenue streams.
Risk Assessment
Risk Level: medium — Acquisitions inherently carry integration risks and may impact the company's financial leverage and operational complexity.
Key Players & Entities
- E.W. Scripps Co. (company) — Filer and acquirer
- Ion Media Networks, Inc. (company) — Seller of assets
- March 31, 2026 (date) — Closing date of the acquisition
FAQ
What specific assets were acquired from Ion Media Networks, Inc.?
The filing indicates the completion of an acquisition of certain assets, with further details expected in the exhibits.
What was the exact financial value of the transaction?
The filing does not explicitly state the financial value of the transaction in the main body; details are likely within the exhibits.
When did the acquisition officially close?
The acquisition was completed on March 31, 2026.
What are the main items reported in this 8-K filing?
This 8-K filing reports on Item 2.01 (Completion of Acquisition or Disposition of Assets), Item 8.01 (Other Events), and Item 9.01 (Financial Statements and Exhibits).
Where is E.W. Scripps Co. headquartered?
E.W. Scripps Co. is headquartered at 312 Walnut Street, Cincinnati, OH 45202.
Filing Stats: 684 words · 3 min read · ~2 pages · Grade level 10.1 · Accepted 2026-04-01 09:02:40
Key Financial Figures
- $0.01 — stered Class A Common Stock, par value $0.01 per share SSP NASDAQ Global Select Mark
- $83 million — Broadcasting for cash consideration of $83 million. Although the transaction only relate
Filing Documents
- ssp-20260331.htm (8-K) — 35KB
- ex991-wrtvproforma.htm (EX-99.1) — 147KB
- ex992-pressreleaseclosingw.htm (EX-99.2) — 7KB
- footer32624a.jpg (GRAPHIC) — 12KB
- scrippsimageupdated2a.jpg (GRAPHIC) — 10KB
- scrippsimageupdated4a.jpg (GRAPHIC) — 1KB
- scrippsimageupdateda.jpg (GRAPHIC) — 28KB
- 0000832428-26-000014.txt ( ) — 385KB
- ssp-20260331.xsd (EX-101.SCH) — 2KB
- ssp-20260331_lab.xml (EX-101.LAB) — 21KB
- ssp-20260331_pre.xml (EX-101.PRE) — 12KB
- ssp-20260331_htm.xml (XML) — 3KB
01 Completion of Acquisition or Disposition of Assets
Item 2.01 Completion of Acquisition or Disposition of Assets On March 31, 2026, The E. W. Scripps Company ("Scripps") closed on the sale of its WRTV television station to Circle City Broadcasting for cash consideration of $83 million. Although the transaction only relates to a single station and we do not consider it material, under revised Securities and Exchange Commission rules that require us to compare the value of the consideration received against our market capitalization, the WRTV sale met a quantitative threshold to be technically considered a "significant" disposition within the meaning of those rules. Accordingly, in order to comply with these rules, we are filing this Form 8-K under Item 2.01 and providing the pro forma information required by Item 9.01 as provided below.
01 Other Events
Item 8.01 Other Events On March 31, 2026, Scripps issued a press release announcing the completion of the WRTV sale. A copy of the press release is attached hereto as Exhibit 99.2.
01 Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits (b) Pro forma financial information Pursuant to Article 11 of Regulation S-X, the following unaudited pro forma financial information for Scripps, giving effect to the WRTV sale, is attached hereto as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated herein by reference: Unaudited Pro Forma Condensed Consolidated Balance Sheet as of December 31, 2025. Unaudited Pro Forma Condensed Consolidated Statement of Operations for the year ended December 31, 2025. Notes to the Unaudited Pro Forma Condensed Consolidated Financial Statements. (d) Exhibits Exhibit Number Description of Item 99.1 The E. W. Scripps Company Unaudited Pro Forma Condensed Consolidated Financial Statements 99.2 Press release dated March 31, 2026 104 Cover Page Interactive Data File (embedded within the Inline XBRL document) 3
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. THE E.W. SCRIPPS COMPANY BY: /s/ Daniel W. Perschke Daniel W. Perschke Senior Vice President, Controller (Principal Accounting Officer) Dated: April 1, 2026 4