E.W. Scripps

E.W. Scripps has named Jen Carfley, effective immediately, head of growth for the small- and medium-sized business segment and for direct-response advertising. In the newly created role she will connect advertisers to Scripps video inventory across local, national, linear and connected-TV platforms. Starting next year, Carfley will lead direct-response activities for the ION and Bounce networks, while Marathon Ventures will continue to handle Grit, ION Mystery, ION Plus and Laff. Carfley brings more than 15 years of experience from NBCUniversal, Sling TV, Dish Media Sales and the BBC, and reports to chief revenue officer Brian Norris. » Mere på de.investing.com

E.W. Scripps posted a Q2 loss of $12.68 per share, driven largely by a $1.1 billion non-cash impairment charge, $36 million of restructuring costs and other one-time items. Local Media saw record second-quarter political advertising of $28 million but combined revenue fell 1%, while Networks revenue declined 13% even as connected-TV revenue rose 28%. Management raised cost-cutting targets to $100 million of annualized run-rate savings by end-2026 and aims for $125–150 million of incremental EBITDA by 2028, having cut ~12% of the workforce. The company ended the quarter with $2.2 billion net debt and 4.9x leverage and expects near-term pressure on distribution and networks revenue amid Nielsen measurement changes and recent pay-TV blackouts. » Mere på finance.yahoo.com

E.W. Scripps reported a Q2 loss of $12.68 per share, driven mainly by a non‑cash impairment of $1.1 billion for the Scripps Networks unit. Revenue fell to $490.4 million, missing expectations, while the local media division was steadier thanks to record political ad revenue ($28 million) and improved segment results. Management raised its target for annual cost savings to $100 million by the end of 2026 and renewed distribution deals with Comcast and DirecTV. Despite the results, the stock rose about 24% in after‑hours trading as investors focused on cost cuts, strong political ad sales and a more optimistic outlook for the coming quarters. » Mere på de.investing.com