Financial Data and Key Metrics Changes - The E.W. Scripps Company reported a Q1 2021 loss from continuing operations of $8 million or $0.10 per share, with a non-cash adjustment of $67 million due to the increase in the fair value of outstanding common stock warrants [17][18] - The company expects to deliver 2021 free cash flow of between $210 million to $240 million, significantly exceeding what would have been generated in a non-election year prior to recent transformations [20][28] - Cash and cash equivalents totaled $538 million, with net debt at $3.3 billion, and a net leverage ratio of 4.7 times at the end of Q1 [18][19] Business Line Data and Key Metrics Changes - Local media revenue increased by 2.2% from Q1 2020, driven by a 2.3% rise in core advertising revenue, which was above prior year expectations [15][19] - Scripps Networks revenue for Q1 2021 was $220 million, slightly down from the prior year, but segment profit was $95 million, delivering a margin of 43% [16][19] - Local media retransmission revenue rose by 15% in Q1, reflecting the annualized reset of about half of the Pay TV households during 2020 [15] Market Data and Key Metrics Changes - Over-the-air (OTA) viewing grew by 10% from 2019 to 2020, with projections indicating that 65 million households will be watching OTA by 2025 [11][12] - The company anticipates that the return of advertisers and the reopening of businesses will continue to drive growth in local media advertising [6][21] - The travel and leisure advertising category saw nearly 100% growth in Q1 compared to the previous year, driven by the reopening of states and increased consumer spending [22] Company Strategy and Development Direction - The company is focused on leveraging the growth in the OTA marketplace, aiming to capture new audiences and advertiser bases [12][28] - Scripps is integrating its new networks and optimizing its advertising yield, with expectations of double-digit revenue growth and division margins exceeding 40% [28][29] - The strategy includes expanding distribution across all TV viewing platforms, not just OTA but also OTT and Pay TV [28] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the recovery of the advertising market, reinstating financial guidance based on strong Q1 results and positive momentum heading into Q2 [5][19] - The company expects local media revenue for Q2 to be up in the high teens percent range, with core ad revenue projected to rise in the mid-40% range [19] - Management highlighted the importance of political advertising, anticipating spending in key races and a strong political spending year ahead [24] Other Important Information - The company completed acquisitions and divestitures aimed at maximizing shareholder value, including the acquisition of the ION Network [8][12] - Scripps is actively working on launching new networks and integrating existing ones to enhance operational efficiency and audience reach [27][28] Q&A Session Summary Question: Contribution of new advertisers and outlook for automotive advertising - Management noted that over 800 new TV advertisers contributed positively to segment ad revenue, with a strong focus on service categories during the pandemic [35] - Automotive advertising showed sequential growth, with expectations for continued positive performance despite supply chain issues [35] Question: Limitations on adding new stations and growth drivers - Management indicated that while there are opportunities for growth in both OTA and OTT, the focus remains on maximizing advertising yield and managing expenses effectively [41][42] Question: Monetization comparison between local media and networks division - Management highlighted that both divisions have growth opportunities, with expectations for increased viewer value as the OTA marketplace expands [59][60] Question: Pricing power and CPM trends - Management reported rising rates due to demand, with expectations for strong upfront pricing as advertisers return [61]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K ☑ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2020 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number 001-10701 THE E.W. SCRIPPS COMPANY (Exact name of registrant as specified in its charter) (State or other jurisdiction of incorporation or organizat ...

The E.W. Scripps Company (NASDAQ:SSP) Q4 2020 Earnings Conference Call February 26, 2021 9:30 AM ET Company Participants Carolyn Micheli – Head of Investor Relations Adam Symson – President and Chief Executive Officer Jason Combs – Chief Financial Officer Lisa Knutson – President, Scripps Networks Division Brian Lawlor – President, Local Media Conference Call Participants John Janedis – Wolfe Dan Kurnos – Benchmark Steven Cahall – Wells Fargo Kyle Evans – Stephens Michael Kupinski – NOBLE Capital Markets Cr ...

The E.W. Scripps Company at Noble Financial Conference Presented by Scripps EVP/Chief Financial Officer Jason Combs Jan. 20, 2021 SCRIPPS Safe Harbor Disclosure Forward-Looking Statements This document contains certain forward-looking statements related to the company's businesses that are based on management's current expectations. Forward-looking statements are subject to certain risks, trends and uncertainties, including changes in advertising demand and other economic conditions that could cause actual ...

The E.W. Scripps Company at UBS TMT Conference Dec. 8, 2020 SCRIPPS 2 | --- | --- | |------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- ...

Financial Data and Key Metrics Changes - The company expects to generate more than $280 million in free cash flow for 2020, translating to $3.42 of free cash flow per share, exceeding pre-pandemic expectations [6][22] - Political advertising revenue reached a record $265 million for the full year 2020, a 35% increase over the previous record year, 2018 [14] - The company's income from continuing operations was $0.76 per share, with total debt at $1.9 billion and cash totaling $129 million as of September 30 [21][22] Business Line Data and Key Metrics Changes - Local Media core advertising revenue decreased by 18% due to pandemic-related advertising slowdown, but is expected to improve by 10% in Q4 compared to Q3 [15] - National Media division revenue grew 14% year-over-year to $89 million, with all three national businesses contributing to this growth [18] - Local Media segment profit was $145 million, marking the strongest third quarter profit number ever for the division [17] Market Data and Key Metrics Changes - The company expects to end the year with $581 million in retransmission revenue, despite a slight decline expected in Q4 due to a one-time catch-up payment from Dish Network [16] - The net leverage at the end of Q3 was 5.3x, down from 5.8x at the end of Q2, with expectations to end the year at 4.2x [22] Company Strategy and Development Direction - The acquisition of ION Media is expected to boost revenue to over $2.5 billion annually and double company EBITDA in the first full year of ownership, with anticipated synergies of over $500 million [10][23] - The company is focused on improving the operating performance of its local media portfolio through strategic acquisitions and execution [8] Management Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's ability to emerge stronger from the pandemic, citing record high-margin political dollars and solid core performance [11] - The company anticipates continued margin expansion in the National Media division, expecting to approach a 20% margin by the end of Q4 [19] Other Important Information - The company has implemented various cost-saving initiatives, resulting in a 1% decrease in Local Media expenses year-over-year [17] - The company is on track with $75 million in expense control measures, having realized about $54 million of savings year-to-date [20] Q&A Session Summary Question: Visibility into ION's third quarter results and fourth quarter outlook - Management indicated they have some visibility and are seeing strong demand trends similar to their National division [36] Question: Core advertising revenue performance in October and November - Management noted significant displacement in October but saw improvement in November, particularly in the auto and service categories [40][41] Question: Long-term outlook for net retrans growth - Management stated that successful contract renewals are driving gross retrans revenue growth over 30% on a same-station basis [45] Question: Performance of Katz and Newsy networks - Katz networks are experiencing growth, with Court TV's viewership up 120% year-over-year, while Newsy has seen significant political revenue growth due to increased demand for connected TV [99][60] Question: Long-term net-debt-to-EBITDA target ratio - Management aims for a long-term target in the mid-3s for net-debt-to-EBITDA ratio [81]

☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2020 OR UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number 001-10701 THE E.W. SCRIPPS COMPANY (Exact name of registrant as specified in its charter) (State or other jurisdiction of incorporation or ...

Scripps Investment Highlights Second-Quarter 2020 and Beyond August 2020 SCRIPPS | --- | --- | |---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|---------------------------------------------------------------------------------------- ...

The E.W. Scripps Company (NASDAQ:SSP) Q2 2020 Earnings Conference Call August 7, 2020 9:30 AM ET Company Participants Carolyn Micheli - Senior Vice President, Corporate Communications and Investor Relations Adam Symson - President and Chief Executive Officer Lisa Knutson - Chief Financial Officer Brian Lawlor - President, Local Media Laura Tomlin - Executive Vice President, National Media Doug Lyons - Controller and Treasurer Conference Call Participants Kyle Evans - Stephens Michael Kupinski - Noble Capita ...

OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number 001-10701 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2020 THE E.W. SCRIPPS COMPANY Cincinnati, Ohio 45202 (Address of principal executive offices) (Zip Code) Registrant's telephone number, inc ...