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.
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