Scripps Raises 2026 Local Media Political Ad Revenue Outlook to About $275 Million
Bitget2026/10/28 12:45- Scripps raised its 2026 Local Media political advertising revenue forecast to about $275 million from its August guidance of $225-$250 million.
- The outlook is about 40% above 2022 midterm revenue; third-quarter political advertising revenue totaled nearly $81 million.
- Transformation efforts target $125-$150 million in EBITDA growth by 2028, with about $100 million in annual run-rate savings expected by year-end.
- Workforce reductions totaled about 850 employees, nearly 20% of the starting workforce, including 431 cuts completed Tuesday.
- Fourth-quarter debt repayments should reach at least $150 million, funded by $83 million in quarter-end cash and political advertising proceeds.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
South Korea’s current account surplus in September exceeded 60 billions USD for the first time, with semiconductor exports becoming the main driver
Driven by booming semiconductor exports, South Korea's current account surplus in September surged to a record high.
CoreWeave (CRWV.US) bonds hit a new low as changes in Texas data center policies impact AI cloud trading
CoreWeave (CRWV.US) bonds fell sharply on Wednesday, with some dropping to new lows.
AstraZeneca (AZN.US) reportedly receives a $10 billion acquisition offer! Shares of obesity drug developer Rhythm (RYTM.US) soar in response
According to three people familiar with the matter, AstraZeneca previously proposed to acquire obesity drug developer Rhythm Pharmaceuticals for approximately 10 billion dollars.
Goldman Sachs and Apollo in Talks to Sell 40 Billion-Dollar AI Chip Financing for SpaceX (SPCX.US), Market's Willingness to Take Over Faces Test
Goldman Sachs (GS.US) and Apollo Global Management (APO.US) are in talks with Wall Street investors to begin selling portions of a roughly $40 billion chip financing deal for SpaceX (SPCX.US).
Crypto prices
More
