Strong Third Quarter Performance
Third consecutive quarter of results that met or exceeded expectations, fueled by Scripps Sports strategy, strong sales execution, and tight expense controls.
Successful Station Sales
Sale of Fox affiliate WFTX in Fort Myers and WRTV in Indianapolis for $123 million, with valuations well above current market multiples (9.2x and 8.5x EBITDA respectively).
Debt Refinancing and Reduction
Placement of $750 million in new senior secured second lien notes at 9.78% rate, used to pay off various debts, leading to a significant leverage improvement from 6x to 4.6x.
Connected TV Revenue Growth
Connected TV revenue up 41% year-over-year, with streaming now constituting 20% of Scripps Networks viewing, projected to exceed $120 million in 2025.
Sports Strategy Success
WNBA revenue on ION nearly doubled, with total sports volume up over 30% year-over-year, reflecting strong advertiser interest in women's sports.