$SSP: E.W. Scripps Raises 2026 Political Ad Guidance to $275M, Plans $150M+

$SSP

$SSP – E.W. Scripps Raises 2026 Political Ad Guidance to $275M, Plans $150M+ Debt Paydown

E.W. SCRIPPS Co

2026-10-28 00:00:00 UTC · SEC_8K · All $SSP

?? Positive AI Sentiment (+6.8 / 10)

Full-year political ad revenue forecast raised to ~$275M (up from $225-$250M guided in August).
Completed ~850 workforce reductions in 2026 (~20% of staff), targeting ~$100M annual run-rate savings by year-end.
Plans to repay at least $150M of debt in Q4 using existing cash and political ad proceeds.