Successful Refinancing and Debt Management
E.W. Scripps successfully placed $750 million of new senior secured second-lien notes, using proceeds to pay off outstanding senior notes, prepay a portion of Term Loan B-2, and pay off a portion of revolving credit facilities. This allowed for improved financial condition and favorable credit market reception.
Scripps Networks Margin Improvement
Scripps Networks segment profit increased to $56 million, with a segment margin of 27%, up 9 points from Q2 2024. The division delivered a 30% margin for the first half of 2025.
Growth in Streaming and Connected TV
CTV revenue increased by 57% in the quarter. The ION network, in conjunction with WNBA and NWSL, significantly contributed to streaming revenue growth.
Sports Programming Boost
The NBA and NHL playoffs brought in over $7 million in revenue, demonstrating the value of Scripps Sports strategy in offsetting challenges in the core advertising marketplace.