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Property and Equipment - Narrative (Details) - USD ($) $ in Thousands			12 Months Ended
	Apr. 30, 2025	Dec. 30, 2024	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023
Property, Plant and Equipment [Line Items]
Proceeds from sale of property and equipment			$ 41,126	$ 20,464	$ 21
West Palm Beach TV Station Building
Property, Plant and Equipment [Line Items]
Gain on sales leaseback transaction	$ 31,400
Lease term	2 years 6 months
Annual rental payments	$ 2,500
San Diego Tower Sites
Property, Plant and Equipment [Line Items]
Proceeds from sale of property and equipment		$ 20,000
Pretax gain on sale of building			19,200
West Palm Beach Station
Property, Plant and Equipment [Line Items]
Proceeds from sale of property and equipment			$ 40,000

Assets Held for Sale

12 Months Ended

Dec. 31, 2025

Discontinued Operations and Disposal Groups [Abstract]

Assets Held for Sale

On September 3, 2025, we reached an agreement to sell WFTX, our local Fox-affiliated station in Fort Myers, Florida, for $40.0 million. The transaction has received necessary approval and is expected to close on March 2, 2026.

In October 2025, we reached agreement to sell WRTV, our local ABC-affiliated station in Indianapolis, Indiana, for $83.0 million. The transaction has received necessary approval and is expected to close by March 6, 2026.

In the fourth quarter of 2025, we committed to the sale of Court TV and closed on the sale of the network on February 9, 2026. We recognized a $19.5 million non-cash charge in the fourth quarter, reflecting the difference between the carrying value of Court TV's net assets and the transaction consideration. With the sale, we also entered into a 3-year distribution agreement at market rates with the buyer. The distribution agreement provides for the continued carriage of Court TV on Scripps properties.

The following table presents a summary of the assets and liabilities held for sale included in our Consolidated Balance Sheet as of December 31, 2025.


(in thousands)	WFTX		WRTV		Court TV		Total

Assets:
Total current assets	$	—	$	—	$	4,467	$	4,467
Property and equipment	11,585		6,228		78		17,891
Goodwill and intangible assets	25,347		48,290		3,884		77,521
Operating lease right-of-use assets	151		—		—		151
Other assets	523		452		21,386		22,361
Adjustment to carrying value to reflect estimated fair value less cost to sell	—		—		(19,458)		(19,458)
Total assets held for sale	37,606		54,970		10,357		102,933
Liabilities:
Total current liabilities	274		194		3,357		3,825
Operating lease liabilities	115		—		—		115
Other liabilities	2,969		154		—		3,123
Total liabilities held for sale	3,358		348		3,357		7,063
Net assets held for sale	$	34,248	$	54,622	$	7,000	$	95,870

Pending Transaction

On July 7, 2025, we entered into agreements with Gray Media, Inc. ("Gray"), to swap television stations across five markets. Upon completion of the transactions, we will acquire Gray's KKTV (CBS) in Colorado Springs, Colorado; KKCO (NBC) and low power station KJCT-LP (ABC) in Grand Junction, Colorado; and KMVT (CBS) and low power station KSVT-LD (Fox) in Twin Falls, Idaho. Gray will be acquiring WSYM (Fox) in Lansing, Michigan, and KATC (ABC) in Lafayette, Louisiana. The swap involves the exchange of comparable assets. As a result, neither company will pay cash consideration to the other. The transaction will close upon satisfaction of closing conditions and necessary regulatory approvals.

Summary of Significant Accounting Policies

12 Months Ended

Dec. 31, 2025

Accounting Policies [Abstract]

Summary of Significant Accounting Policies

As used in the Notes to Consolidated Financial Statements, the terms “Scripps,” “Company,” “we,” “our,” or “us” may, depending on the context, refer to The E.W. Scripps Company, to one or more of its consolidated subsidiary companies or to all of them taken as a whole.

Nature of Operations — We are a diverse media enterprise, serving audiences and businesses through a portfolio of local television stations and national news and entertainment networks. All of our businesses also have digital presences across online, mobile, connected television and social platforms, reaching consumers on all devices and platforms they use to consume content. Our media businesses are organized into the following reportable segments: Local Media, Scripps Networks and Other. Additional information for our segments is presented in the Notes to Consolidated Financial Statements.

Basis of Presentation — Certain amounts in the prior periods have been reclassified to conform to the current period's presentation.

Concentration Risks — Our operations are geographically dispersed and we have a diverse customer base. We believe bad debt losses resulting from default by a single customer, or defaults by customers in any depressed region or business sector, would not have a material effect on our financial position, results of operations or cash flows.

During 2025, we derived approximately 63% of our operating revenues from advertising. Changes in the demand for such services, both nationally and in individual markets, can affect operating results.

Use of Estimates — Preparing financial statements in accordance with accounting principles generally accepted in the United States of America requires us to make a variety of decisions that affect the reported amounts and the related disclosures. Such decisions include the selection of accounting principles that reflect the economic substance of the underlying transactions and the assumptions on which to base accounting estimates. In reaching such decisions, we apply judgment based on our understanding and analysis of the relevant circumstances, including our historical experience, actuarial studies and other assumptions.

Our financial statements include estimates and assumptions used in accounting for our defined benefit pension plan; the periods over which long-lived assets are depreciated or amortized; the fair value of long-lived assets, goodwill and indefinite lived assets; the liability for uncertain tax positions and valuation allowances against deferred income tax assets; the fair value of assets acquired and liabilities assumed in business combinations; and self-insured risks.

While we re-evaluate our estimates and assumptions on an ongoing basis, actual results could differ from those estimated at the time of preparation of the financial statements.

Consolidation — The Consolidated Financial Statements include our accounts and those of our wholly-owned and majority-owned subsidiaries and variable interest entities ("VIEs") for which we are the primary beneficiary. We are the primary beneficiary of a VIE when we have the power to direct the activities of the VIE that most significantly impact the economic performance of the VIE and have the obligation to absorb losses or the right to receive returns that would be significant to the VIE. All intercompany transactions and account balances have been eliminated in consolidation.

Investments in entities over which we have significant influence but not control are accounted for using the equity method of accounting. Income from equity method investments represents our proportionate share of net income generated by equity method investees.

Nature of Products and Services — The following is a description of principal activities from which we generate revenue.

Core Advertising — Core advertising is comprised of sales to local and national businesses. The advertising includes a combination of broadcast spots as well as digital and connected TV advertising. Pricing of advertising time is based on audience size and share, the demographic of our audiences and the demand for our limited inventory of commercial time. Local advertising time is sold by each station's local sales staff who call upon advertising agencies and local businesses. National advertising time is generally sold by calling upon advertising agencies. Digital revenues are primarily generated from the sale of advertising to local and national customers on our business websites, tablet and mobile products, over-the-top apps and other platforms.

Political Advertising — Political advertising is generally sold through our Washington, D.C. sales office. Advertising is sold to presidential, gubernatorial, U.S. Senate and House of Representative candidates, as well as for state and local issues. It is also sold to political action groups (PACs) and other advocacy groups.

Distribution Revenues — We earn revenues from cable operators, satellite carriers, other multi-channel video programming distributors (collectively "MVPDs"), other online video distributors and subscribers for access rights to our local broadcast signals. These arrangements are generally governed by multi-year contracts and the fees we receive are typically based on the number of subscribers the respective distributor has in our markets and the contracted rate per subscriber.

Refer to Note 14. Segment Information for further information, including revenue by significant product and service offering.

Revenue Recognition — Revenue is measured based on the consideration we expect to be entitled to in exchange for promised goods or services provided to customers, and excludes any amounts collected on behalf of third parties. Revenue is recognized upon transfer of control of promised products or services to customers.

Advertising — Advertising revenue is recognized, net of agency commissions, over time primarily as ads are aired or impressions are delivered and any contracted audience guarantees are met. We apply the practical expedient to recognize revenue at the amount we have the right to invoice, which corresponds directly to the value a customer has received relative to our performance. For advertising sold based on audience guarantees, audience deficiency may result in an obligation to deliver additional advertisements to the customer. To the extent that we do not satisfy contracted audience ratings, we record deferred revenue until such time that the audience guarantee has been satisfied.

Distribution — Our primary source of distribution revenue is from retransmission consent contracts with MVPDs. Retransmission revenues are considered licenses of functional intellectual property and are recognized at the point in time the content is transferred to the customer. MVPDs report their subscriber numbers to us generally on a 30- to 90-day lag. Prior to receiving the MVPD reporting, we record revenue based on estimates of the number of subscribers, utilizing historical levels and trends of subscribers for each MVPD.

Cost of Revenues — Cost of revenues reflects the cost of providing our broadcast signals, programming and other content to respective distribution platforms. The costs captured within the cost of revenues caption include programming, content distribution, satellite transmission fees, production and operations and other direct costs.

Cash Equivalents — Cash equivalents represent highly liquid investments with maturity of less than three months when acquired.

Contract Balances — Timing of revenue recognition may differ from the timing of cash collection from customers. We record a receivable when revenue is recognized prior to cash receipt, or unearned revenue when cash is collected in advance of revenue being recognized.

We extend credit to customers based upon our assessment of the customer’s financial condition. Collateral is generally not required from customers. Payment terms may vary by contract type, although our terms generally include a requirement of payment within 30 to 90 days. In instances where the timing of revenue recognition differs from the timing of invoicing, we have determined our contracts do not include a significant financing component. The primary purpose of our invoicing terms is to provide customers with simplified and predictable ways of purchasing our products and services.

The allowance for doubtful accounts reflects our best estimate of probable losses inherent in the accounts receivable balance. We determine the allowance based on known troubled accounts, historical experience and other currently available evidence. A rollforward of the allowance for doubtful accounts is as follows:


(in thousands)

January 1, 2023	$	4,963
Charged to costs and expenses	14,786
Amounts charged off, net	(14,708)
Balance as of December 31, 2023	5,041
Charged to costs and expenses	15,875
Amounts charged off, net	(13,467)
Balance as of December 31, 2024	7,449
Charged to costs and expenses	6,044
Amounts charged off, net	(7,584)
Balance as of December 31, 2025	$	5,909

We record unearned revenue when cash payments are received in advance of our performance. We generally require advance payment for advertising contracts with political advertising customers. Unearned revenue totaled $22.2 million at December 31, 2025 and most is expected to be recognized within revenue over the next 12 months. Unearned revenue totaled $18.2 million at December 31, 2024. We recorded $15.5 million of revenue in 2025 that was included in unearned revenue at December 31, 2024.

Assets Recognized from the Costs to Obtain a Contract with a Customer — We recognize an asset for the incremental costs of obtaining a contract with a customer if we expect the benefit of those costs to be longer than one year. We apply and use the practical expedient in the revenue guidance to expense costs as incurred for costs to obtain a contract when the amortization period is one year or less. This expedient applies to advertising sales commissions since advertising contracts are short-term in nature.

Investments — From time to time, we make investments in private companies. Investment securities can be impacted by various market risks, including interest rate risk, credit risk and overall market volatility. Due to the level of risk associated with certain investment securities, it is reasonably possible that changes in the values of investment securities will occur in the near term. Such changes could materially affect the amounts reported in our financial statements.

We record investments in private companies not accounted for under the equity method at cost, net of impairment write-downs, because no readily determinable market price is available.

We regularly review our investments to determine if there has been any other-than-temporary decline in value. These reviews require management judgments that often include estimating the outcome of future events and determining whether factors exist that indicate impairment has occurred. We evaluate, among other factors, the extent to which cost exceeds fair value; the duration of the decline in fair value below cost; and the current cash position, earnings and cash forecasts and near-term prospects of the investee. We reduce the cost basis when a decline in fair value below cost is determined to be other than temporary, with the resulting adjustment charged against earnings.

Property and Equipment — Property and equipment is carried at cost less depreciation. We compute depreciation using the straight-line method over estimated useful lives as follows:


Buildings and improvements			15 to 45 years
Leasehold improvements			Shorter of term of lease or useful life
Broadcast transmission towers and related equipment			15 to 35 years
Other broadcast and program production equipment			3 to 15 years
Computer hardware			3 to 5 years
Office and other equipment			3 to 10 years

Programming — Programming includes the cost of national television network programming, carriage agreements with local television broadcasters, programming produced by us or for us by independent production companies, rights acquired under multi-year sports programming agreements and programs licensed under agreements with independent producers.

Our network affiliation agreements require the payment of affiliation fees to the network. Network affiliation fees consist of pre-determined fixed fees in all cases and variable payments based on a share of retransmission revenues above the fixed fees for some of our agreements.

The costs of programming produced by us or for us by independent production companies is charged to expense over estimated useful lives based upon expected future cash flows. The realizable value of internal costs incurred for trial footage at Court TV, including employee compensation and benefits, are capitalized and amortized based upon expected future cash flows. All other internal costs to produce daily or live broadcast shows, such as news, sports or daily magazine shows, are expensed as incurred.

The costs of programming acquired under multi-year sports rights agreements are capitalized if the rights payments are made before the related economic benefit has been received. We amortize sports programming assets based upon expected cash flows over the term of the rights agreement.

Program licenses principally consist of television series and films. Program licenses generally have fixed terms, limit the number of times we can air the programs and require payments over the terms of the licenses. We record licensed program assets and liabilities when the license period has commenced and the programs are available for broadcast. We do not discount program licenses for imputed interest. We amortize program licenses based upon expected cash flows over the term of the license agreement.

Progress payments on programs not yet available for broadcast are recorded as deposits within programming assets.

Program assets are predominantly monetized as a group on each of our respective national networks, broadcast television stations and digital content offerings. For program assets predominantly monetized within a network or television station group, when an event or change in circumstances indicates a change in the expected usefulness of the content or that the fair value may be less than unamortized costs, fair value of the content is aggregated at the group level by considering expected future revenue generation. Estimates of future revenues consider historical airing patterns and future plans for airing content, including any changes in strategy. An impairment charge is recorded if the fair value of a film group is less than the film group’s carrying value. Programming and development costs for programs we have determined will not be produced, are fully expensed in the period the determination is made.

For our program assets available for broadcast, estimated amortization for each of the next five years is $122.5 million in 2026, $80.5 million in 2027, $40.6 million in 2028, $21.5 million in 2029, $5.5 million in 2030 and $2.4 million thereafter. Actual amortization in each of the next five years will exceed the amounts currently recorded as program assets available for broadcast, as we will continue to produce and license additional programs. The unamortized balance of program assets are classified as non-current assets in our Consolidated Balance Sheets.

Program rights liabilities payable within the next twelve months are included as current liabilities and noncurrent program rights liabilities are included in other noncurrent liabilities.

FCC Repack — In April 2017, the Federal Communications Commission (“FCC”) began a process of reallocating the broadcast spectrum (“repack”). Specifically, the FCC was requiring certain television stations to change channels and/or modify their transmission facilities. The U.S. Congress passed legislation which provided the FCC with a fund to reimburse all reasonable costs incurred by stations operating under a full power license and a portion of the costs incurred by stations operating under a low power license that are reassigned to new channels.

The total amount of consideration collected from the FCC was recorded as a deferred liability and is recognized against depreciation expense in the same manner that the underlying FCC repack fixed assets are depreciated. Deferred FCC repack income totaled $30.8 million at December 31, 2025 and $37.7 million at December 31, 2024.

Leases — We determine if an arrangement is a lease at inception. Operating leases are included in operating lease right-of-use (“ROU”) assets, other current liabilities and operating lease liabilities in our Consolidated Balance Sheets. Finance leases are included in property and equipment and other long-term liabilities in our Consolidated Balance Sheets.

Lease assets represent our right to use an underlying asset for the lease term and lease liabilities represent our obligation to make lease payments arising from the lease. Lease assets and liabilities are recognized at the commencement date based on the

present value of lease payments over the lease term. As the implicit rate is not readily determinable for most of our leases, we use our incremental borrowing rate when determining the present value of lease payments. The incremental borrowing rate represents an estimate of the interest rate we would incur at lease commencement to borrow an amount equal to the lease payments on a collateralized basis over the term of the lease. Our lease assets also include any payments made at or before commencement and are reduced by any lease incentives. Our lease terms may include options to extend or terminate the lease when it is reasonably certain that we will exercise that option. Operating lease expense is recognized on a straight-line basis over the lease term.

Goodwill and Other Indefinite-Lived Intangible Assets — Goodwill represents the cost of acquisitions in excess of the acquired businesses’ tangible assets and identifiable intangible assets.

FCC licenses represent the value assigned to the broadcast licenses of acquired broadcast television stations. Broadcast television stations are subject to the jurisdiction of the FCC, which prohibits the operation of stations except in accordance with an FCC license. FCC licenses stipulate each station’s operating parameters as defined by channels, effective radiated power and antenna height. FCC licenses are granted for a term of up to eight years, and are renewable upon request. We have never had a renewal request denied and all previous renewals have been for the maximum term.

We do not amortize goodwill or our FCC licenses, but we review them for impairment at least annually or any time events occur or conditions change that would indicate it is more likely than not the fair value of a reporting unit is below its carrying value. We perform our annual impairment review during the fourth quarter of each year in conjunction with our annual planning cycle. We also assess, at least annually, whether our FCC licenses, classified as indefinite-lived intangible assets, continue to have indefinite lives.

We review goodwill for impairment based upon our reporting units, which are defined as operating segments or groupings of businesses one level below the operating segment level. Reporting units with similar economic characteristics are aggregated into a single unit when testing goodwill for impairment. Our reporting units are Local Media, Scripps Networks and Tablo.

Amortizable Intangible Assets — Television network affiliations represents the value assigned to an acquired broadcast television station’s relationship with a national television network. Television stations affiliated with national television networks typically have greater profit margins than independent television stations, primarily due to audience recognition of the television station as a network affiliate. We amortize these network affiliation relationships on a straight-line basis over estimated useful lives of 20 years.

We amortize customer lists and other intangible assets in relation to their expected future cash flows over estimated useful lives of up to 20 years.

Impairment of Long-Lived Assets — We review long-lived assets (primarily property and equipment, ROU assets and amortizable intangible assets) for impairment whenever events or circumstances indicate the carrying amounts of the assets may not be recoverable. Recoverability is determined by comparing the aggregate forecasted undiscounted cash flows derived from the operation of the assets to the carrying amount of the assets. If the aggregate undiscounted cash flow is less than the carrying amount of the assets, the assets are written down to fair value. We determine fair value based on discounted cash flows or appraisals. We report long-lived assets to be disposed of at the lower of carrying amount or fair value less costs to sell.

Self-Insured Risks — We are self-insured, up to certain limits, for general and automobile liability, employee health, disability and workers’ compensation claims and certain other risks. Estimated liabilities for unpaid claims totaled $10.7 million at December 31, 2025 and $10.2 million at December 31, 2024. We estimate liabilities for unpaid claims using actuarial methodologies and our historical claims experience. While we re-evaluate our assumptions and review our claims experience on an ongoing basis, actual claims paid could vary significantly from estimated claims, which would require adjustments to expense.

Income Taxes — We recognize deferred income taxes for temporary differences between the tax basis and reported amounts of assets and liabilities that will result in taxable or deductible amounts in future years. We establish a valuation allowance if we believe that it is more likely than not that we will not realize some or all of the deferred tax assets.

We record a liability for unrecognized tax benefits resulting from uncertain tax positions taken or that we expect to take in a tax return. Interest and penalties associated with such tax positions are included in the tax provision. The liability for additional taxes and interest is included in other liabilities in the Consolidated Balance Sheets.

Risk Management Contracts — We do not hold derivative financial instruments for trading or speculative purposes and we do not hold leveraged contracts. From time to time, we may use derivative financial instruments to limit the impact of interest rate fluctuations on our earnings and cash flows.

Stock-Based Compensation — We have a Long-Term Incentive Plan (the “Plan”) which is described more fully in Note 16. The Plan provides for the award of incentive and nonqualified stock options, stock appreciation rights, restricted stock units ("RSUs") and unrestricted Class A Common shares and performance units to key employees and non-employee directors.

We recognize compensation cost based on the grant-date fair value of the award. We determine the fair value of awards that grant the employee the underlying shares by the fair value of a Class A Common share on the date of the award.

Certain awards of RSUs have performance conditions under which the number of shares granted is determined by the extent to which such performance conditions are met (“Performance Shares”). Compensation costs for such awards are measured by the grant-date fair value of a Class A Common share and the number of shares earned. In periods prior to completion of the performance period, compensation costs are based upon estimates of the number of shares that will be earned.

Compensation costs are recognized on a straight-line basis over the requisite service period of the award. The impact of forfeitures is recognized as they occur. The requisite service period is generally the vesting period stated in the award. Grants to retirement-eligible employees are expensed immediately and grants to employees who will become retirement eligible prior to the end of the stated vesting period are expensed over such shorter period because stock compensation grants vest upon the retirement eligibility of the employee.

Earnings Per Share (“EPS”) — Unvested awards of share-based payments with non-forfeitable rights to receive dividends or dividend equivalents, such as certain of our RSUs, are considered participating securities for purposes of calculating EPS. Under the two-class method, we allocate a portion of net income to these participating securities and therefore exclude that income from the calculation of EPS for common stock. We do not allocate losses to the participating securities.

The following table presents information about basic and diluted weighted-average shares outstanding:


	For the years ended December 31,
(in thousands)	2025		2024		2023

Numerator (for basic and diluted earnings per share)
Net income (loss)	$	(100,877)	$	146,218	$	(947,784)

Less income allocated to RSUs	—		(709)		—
Less preferred stock dividends	(63,583)		(58,615)		(50,305)
Numerator for basic and diluted earnings per share	$	(164,460)	$	86,894	$	(998,089)
Denominator
Basic weighted-average shares outstanding	88,024		85,738		84,266


Effect of dilutive securities	—		329		—
Diluted weighted-average shares outstanding	88,024		86,067		84,266

The dilutive effects of performance-based stock awards are included in the computation of diluted earnings per share to the extent the related performance criteria are met through the respective balance sheet reporting date. As of December 31, 2025, potential dilutive securities representing 4.9 million shares were excluded from the computation of diluted earnings per share as the related performance criteria was not yet met, although the Company expects to meet various levels of criteria in the future. As of December 31, 2024 and 2023, the number of potential dilutive securities that were excluded from the computations were 420,000 shares.

For the years ended December 31, 2025 and 2023, we incurred a net loss to shareholders and the inclusion of RSUs would be anti-dilutive. The December 31, 2025 and 2023 diluted EPS calculations excluded the effect from 13.1 million and 3.3 million, respectively, of outstanding RSUs that were anti-dilutive. For the year ended December 31, 2024 there were 1.2 million of outstanding RSUs that were anti-dilutive. The December 31, 2025, 2024 and 2023 basic and dilutive EPS calculations also excluded the impact of the common stock warrant as the effect would be anti-dilutive.

Income Taxes - Schedule of Deferred Income Tax (Liabilities) Assets (Details) - USD ($) $ in Thousands	Dec. 31, 2025	Dec. 31, 2024
Temporary differences:
Property and equipment	$ (40,219)	$ (38,383)
Goodwill and other intangible assets	(381,863)	(377,291)
Investments, primarily gains and losses not yet recognized for tax purposes	2,381	4,980
Accrued expenses not deductible until paid	10,494	11,912
Deferred compensation and retiree benefits not deductible until paid	26,526	29,013
Operating lease right-of-use assets	(31,107)	(29,829)
Operating lease liabilities	35,170	32,888
Interest limitation carryforward	79,251	59,070
Other temporary differences, net	15,846	12,599
Total temporary differences	(283,521)	(295,041)
Federal and state net operating loss carryforwards	27,359	12,332
Valuation allowance for state deferred tax assets	(12,067)	(10,880)
Net deferred tax liability	$ (268,229)	$ (293,589)

Cover - USD ($) $ / shares in Units, $ in Millions	12 Months Ended
Cover - USD ($) $ / shares in Units, $ in Millions	Dec. 31, 2025	Jan. 31, 2026	Jun. 30, 2025
Document Information [Line Items]
Document Type	10-K
Document Annual Report	true
Document Period End Date	Dec. 31, 2025
Current Fiscal Year End Date	--12-31
Document Transition Report	false
Entity File Number	001-10701
Entity Registrant Name	THE E.W. SCRIPPS COMPANY
Entity Incorporation, State or Country Code	OH
Entity Tax Identification Number	31-1223339
Entity Address, Address Line One	312 Walnut Street
Entity Address, City or Town	Cincinnati
Entity Address, State or Province	OH
Entity Address, Postal Zip Code	45202
City Area Code	513
Local Phone Number	977-3000
Title of 12(b) Security	Class A Common Stock, par value $0.01 per share
Trading Symbol	SSP
Security Exchange Name	NASDAQ
Entity Well-known Seasoned Issuer	No
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
ICFR Auditor Attestation Flag	true
Document Financial Statement Error Correction [Flag]	false
Entity Shell Company	false
Share price			$ 2.94
Entity Public Float			$ 183
Documents Incorporated by Reference	Certain information required for Part III of this report is incorporated herein by reference to the proxy statement for the 2026 annual meeting of shareholders.
Entity Central Index Key	0000832428
Document Fiscal Year Focus	2025
Document Fiscal Period Focus	FY
Amendment Flag	false
Common stock, Class A
Document Information [Line Items]
Entity Common Stock, Shares Outstanding		77,096,119
Voting common stock
Document Information [Line Items]
Entity Common Stock, Shares Outstanding		11,932,722

Segment Information - Disaggregation of Revenue (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023
Disaggregation of Revenue [Line Items]
Total operating revenues	$ 2,150,585	$ 2,509,772	$ 2,292,912
Core advertising
Disaggregation of Revenue [Line Items]
Total operating revenues	1,332,495	1,330,191	1,444,539
Political
Disaggregation of Revenue [Line Items]
Total operating revenues	21,874	362,523	33,460
Distribution
Disaggregation of Revenue [Line Items]
Total operating revenues	758,679	784,573	779,217
Other
Disaggregation of Revenue [Line Items]
Total operating revenues	$ 37,537	$ 32,485	$ 35,696

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

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-Section 55
-Paragraph 91
-Subparagraph (g)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479777/606-10-55-91

+ Details

- Definition

Amount, excluding tax collected from customer, of revenue from satisfaction of performance obligation by transferring promised good or service to customer. Tax collected from customer is tax assessed by governmental authority that is both imposed on and concurrent with specific revenue-producing transaction, including, but not limited to, sales, use, value added and excise.

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+ Details

Other Liabilities (Tables)

12 Months Ended

Dec. 31, 2025

Other Liabilities Disclosure [Abstract]

Schedule of Other Liabilities

Other liabilities consisted of the following:


	As of December 31,
(in thousands)	2025		2024

Employee compensation and benefits	$	30,348	$	28,996
Deferred FCC repack income	30,816		37,733
Programming liability	166,187		248,634
Liability for pension benefits	57,732		71,211
Liabilities for uncertain tax positions	40,227		32,515
Finance leases	31,462		31,021
Other	12,317		14,464
Other liabilities (less current portion)	$	369,089	$	464,574

Income Taxes - Narrative (Details) - USD ($) $ in Millions	12 Months Ended
Income Taxes - Narrative (Details) - USD ($) $ in Millions	Dec. 31, 2023	Dec. 31, 2025	Dec. 31, 2024
Income Tax Contingency [Line Items]
Nondeductible goodwill impairment	$ 855.0
Potential affect of unrecognized tax benefits on effective tax rate		$ 12.4
Interest accrued on unrecognized tax benefits		4.9	$ 3.4
Penalties accrued on unrecognized tax benefits		1.7	$ 1.3
United States
Income Tax Contingency [Line Items]
Net operating loss carryforwards		62.0
State
Income Tax Contingency [Line Items]
Net operating loss carryforwards		$ 322.0

Employee Benefit Plans - Allocation of Plan Assets (Details)	Dec. 31, 2025	Dec. 31, 2024
Defined Benefit Plan Disclosure [Line Items]
Target allocation	100.00%
Percentage of plan assets at end of period	100.00%	100.00%
US equity securities
Defined Benefit Plan Disclosure [Line Items]
Target allocation	13.00%
Percentage of plan assets at end of period	14.00%	13.00%
Non-US equity securities
Defined Benefit Plan Disclosure [Line Items]
Target allocation	27.00%
Percentage of plan assets at end of period	32.00%	32.00%
Fixed-income securities
Defined Benefit Plan Disclosure [Line Items]
Target allocation	55.00%
Percentage of plan assets at end of period	53.00%	54.00%
Other
Defined Benefit Plan Disclosure [Line Items]
Target allocation	5.00%
Percentage of plan assets at end of period	1.00%	1.00%

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

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+ Details

Leases - Narrative (Details) - USD ($) $ in Millions	12 Months Ended
Leases - Narrative (Details) - USD ($) $ in Millions	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023
Lessee, Lease, Description [Line Items]
Term of renewal	5 years
Term of option to terminate	1 year
Finance lease, remaining lease term	33 years
Operating lease costs recognized	$ 24.1	$ 22.8	$ 24.5
Short-term lease costs	6.5	6.4	3.5
Amortization of the right-of-use asset for finance lease	0.8	0.8	0.8
Interest expense, finance lease liability	$ 2.2	$ 2.2	$ 2.1
Minimum
Lessee, Lease, Description [Line Items]
Remaining lease term	1 year
Maximum
Lessee, Lease, Description [Line Items]
Remaining lease term	30 years

Fair Value Measurement (Tables)

12 Months Ended

Dec. 31, 2025

Fair Value Disclosures [Abstract]

Schedule of Assets and Liabilities That are Measured At Fair Value On A Recurring Basis

The following tables set forth our assets that are measured at fair value on a recurring basis at December 31, 2025 and 2024:


	December 31, 2025
(in thousands)	Total		Level 1		Level 2		Level 3

Cash equivalents	$	17,255	$	17,255	$	—	$	—


	December 31, 2024
(in thousands)	Total		Level 1		Level 2		Level 3


Cash equivalents	$	14,447	$	14,447	$	—	$	—

The carrying amounts of cash, accounts receivable, accounts payable and accrued expenses approximate fair value due to the short-term nature of those items.

Leases - Schedule of Lease Supplemental Cash Flow Information (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023
Cash paid for amounts included in the measurement of lease liabilities
Operating cash flows from operating leases	$ 23,083	$ 22,014	$ 24,114
Operating cash flows from finance leases	1,776	1,302	426
Financing cash flows from finance leases	0	0	0
Right-of-use assets obtained in exchange for operating lease obligations	30,315	13,486	6,789
Right-of-use assets obtained in exchange for finance lease obligations	$ 0	$ 0	$ 0

Restructuring Costs and Other Transactions

12 Months Ended

Dec. 31, 2025

Restructuring and Related Activities [Abstract]

Restructuring Costs and Other Transactions

Restructuring and Reorganization

In January 2023, we announced a strategic restructuring and reorganization of the Company to further leverage our strong position in the U.S. television ecosystem and propel our growth across new distribution platforms and emerging media marketplaces. The strategic reorganization, which was substantially completed by the end of the 2024 second quarter, created a leaner and more agile operating structure through the centralization of certain services and the consolidation of layers of management across our operating businesses and corporate office. We have continued to identify efficiency opportunities within the functional departments of our organization, which has resulted in additional restructuring charges since the end of 2024 second quarter.

On September 27, 2024, we announced plans to significantly reduce Scripps News' national network programming beginning in the fourth quarter of 2024. As of November 15, 2024, Scripps News was no longer broadcast over the air, although it remained on streaming and digital platforms with weekday live coverage from the field. These restructuring activities resulted in the elimination of more than 200 jobs during 2024.

Restructuring costs totaled $9.8 million, $33.5 million and $38.6 million in 2025, 2024 and 2023, respectively. Restructuring costs in 2025 included severance charges of $5.6 million and operating lease exit costs of $2.1 million. Remaining restructuring costs in 2025 included outside consulting fees associated with the strategic reorganization efforts. In 2024, we incurred $11.0 million in severance charges and $3.2 million of programming losses related to the significant reduction of Scripps News' national news programming. Restructuring costs incurred in 2024 also included $4.7 million of severance charges for certain executives that accepted voluntary retirement offers in the fourth quarter and $9.7 million in other severance charges associated with the strategic reorganization efforts. The 2023 costs included a $13.6 million first quarter charge related to the write-down of certain programming assets in connection with the shutdown of the TrueReal network. Restructuring costs in 2023 also included employee severance related charges of $17.1 million, operating lease impairment charges of $1.3 million and other restructuring charges primarily attributed to strategic reorganization consulting fees.


(in thousands)	Severance and Employee Benefits		Other Restructuring Charges		Total

Liability as of December 31, 2022	$	—	$	—	$	—
Net accruals	17,066		21,546		38,612
Payments	(9,192)		(5,183)		(14,375)
Non-cash (a)	(1,139)		(14,933)		(16,072)
Liability as of December 31, 2023	6,735		1,430		8,165
Net accruals	25,371		8,154		33,525
Payments	(22,353)		(6,474)		(28,827)
Non-cash (a)	(100)		(3,110)		(3,210)
Liability as of December 31, 2024	9,653		—		9,653
Net accruals	5,598		4,230		9,828
Payments	(15,043)		(298)		(15,341)
Non-cash (a)	(208)		(1,397)		(1,605)
Liability as of December 31, 2025	$	—	$	2,535	$	2,535

(a) Represents share-based compensation costs and asset write-downs included in restructuring charges.

Long-Term Debt - Narrative (Details)					1 Months Ended	3 Months Ended	9 Months Ended	12 Months Ended
Long-Term Debt - Narrative (Details)	Aug. 06, 2025 USD ($)	Apr. 10, 2025 USD ($)	Dec. 30, 2020 USD ($)	Jul. 26, 2019 USD ($)	Feb. 28, 2023 USD ($)	Apr. 09, 2025	Dec. 31, 2025 USD ($)	Dec. 31, 2025 USD ($)	Dec. 31, 2024 USD ($)	Dec. 31, 2023 USD ($)
Debt Instrument [Line Items]
Payment of financing costs								$ 63,260,000	$ 0	$ 0
Total outstanding principal							$ 2,645,256,000	2,645,256,000	2,605,307,000
Loss on extinguishment of debt								12,998,000	0	$ 0
Debt issuance costs, net							$ 50,868,000	50,868,000	29,135,000
Aggregate amount of debt principal repurchase program authorized					$ 500,000,000
Senior notes
Debt Instrument [Line Items]
Deferred debt issuance cost, writeoff								5,600,000
Loss on extinguishment of debt								$ 3,000,000.0
Term loan credit agreement \| Line of Credit
Debt Instrument [Line Items]
Deferred financing costs		$ 19,600,000
Term Loan B-2, maturing 2028 \| Line of Credit
Debt Instrument [Line Items]
SOFR plus margin range		5.75%
Annual principal payments		$ 5,500,000
Deferred financing costs and original issue discount		14,300,000
Line of credit facility, interest rate at period end							9.60%	9.60%
Weighted average interest rate, over the period							10.06%
Senior unsecured notes due in June 2028 \| Line of Credit
Debt Instrument [Line Items]
Loss on extinguishment of debt								$ 2,400,000
Repayments of debt								55,000,000.0
Senior unsecured notes due in June 2028 \| Senior notes
Debt Instrument [Line Items]
Repayment of senior debt	$ 205,000,000
Debt redemption price	102.00%
Deferred debt issuance cost, writeoff	$ 600,000
Loss on extinguishment of debt	5,400,000
Senior unsecured notes, due in July 2027 \| Senior notes
Debt Instrument [Line Items]
Repayment of senior debt	$ 426,000,000
Debt redemption price	100.00%
Deferred debt issuance cost, writeoff	$ 800,000
Loss on extinguishment of debt	2,200,000
Term loan, due in May 2026
Debt Instrument [Line Items]
Total outstanding principal							$ 0	0	721,213,000
Weighted average interest rate, over the period						7.01%	7.84%
Term loan, due in May 2026 \| Senior notes
Debt Instrument [Line Items]
Additional loan principal payment		719,000,000
Term loan, due in January 2028
Debt Instrument [Line Items]
Total outstanding principal							$ 0	0	$ 543,000,000
Weighted average interest rate, over the period						7.44%	8.28%
Term loan, due in January 2028 \| Senior notes
Debt Instrument [Line Items]
Additional loan principal payment								$ 541,000,000
Senior secured notes due 2029 \| Senior notes
Debt Instrument [Line Items]
Debt face value			$ 550,000,000
Debt stated rate			3.875%
Debt issuance price as a percentage of par			100.00%
Debt issuance costs, net			$ 13,800,000
Senior secured notes due 2030 \| Senior notes
Debt Instrument [Line Items]
Debt issuance costs, net	27,800,000
Senior unsecured notes due in August 2030 \| Senior notes
Debt Instrument [Line Items]
Debt face value	$ 750,000,000
Debt stated rate	9.875%
Debt issuance price as a percentage of par	99.509%
Refinancing Transactions \| Line of Credit
Debt Instrument [Line Items]
Payment of financing costs		$ 44,500,000
Senior unsecured notes, due in July 2027 \| Senior notes
Debt Instrument [Line Items]
Debt face value				$ 500,000,000
Debt stated rate				5.875%
Debt issuance price as a percentage of par				100.00%
Debt issuance costs, net				$ 10,700,000
Senior unsecured notes, due in January 2031 \| Senior notes
Debt Instrument [Line Items]
Debt face value			$ 500,000,000
Debt stated rate			5.375%
Debt issuance price as a percentage of par			100.00%
Debt issuance costs, net			$ 12,500,000
Revolving Credit Facility \| Line of Credit
Debt Instrument [Line Items]
Percentage of commitment fees of total unused commitment under revolving credit facility		5.50%
Debt instrument, variable interest rate, type flag		Secured Overnight Financing Rate (SOFR) [Member]
Revolving Credit Facility \| Line of Credit \| Minimum
Debt Instrument [Line Items]
Percentage of commitment fees of total unused commitment under revolving credit facility		1.75%
Revolving Credit Facility \| Line of Credit \| Maximum
Debt Instrument [Line Items]
Percentage of commitment fees of total unused commitment under revolving credit facility		2.75%
Revolving Credit Facility \| Line of Credit \| Weighted average discount rate
Debt Instrument [Line Items]
Debt instrument, interest rate during period								7.60%	8.03%
Revolving Credit Facility \| Accounts receivable securitization facility \| Line of Credit
Debt Instrument [Line Items]
Debt instrument, term		3 years
Revolving credit and term loan agreement		$ 450,000,000					$ 363,000,000	$ 363,000,000
Debt instrument, basis spread on variable rate, floor		1.00%
Debt instrument, basis spread on variable rate, blended spread		3.59%
Debt issuance costs, gross		$ 6,000,000.0
Long-term line of credit							$ 361,000,000	$ 361,000,000
Debt, weighted average interest rate							7.29%	7.29%
Total outstanding principal							$ 361,100,000	$ 361,100,000	$ 0
Revolving Credit Facility \| Eighth amendment to revolving credit facility \| Line of Credit
Debt Instrument [Line Items]
Revolving credit and term loan agreement		$ 585,000,000
Revolving Credit Facility \| Senior secured credit agreement due on July 2027 \| Through September 30, 2026
Debt Instrument [Line Items]
Maximum leverage ratio		3.50
Revolving Credit Facility \| Senior secured credit agreement due on July 2027 \| After September 30, 2026
Debt Instrument [Line Items]
Maximum leverage ratio		3.25
Revolving Credit Facility \| Senior secured credit agreement due on July 2027 \| Line of Credit
Debt Instrument [Line Items]
Revolving credit and term loan agreement		$ 208,000,000
Revolving Credit Facility \| Senior secured credit agreement due on January 2026 \| Line of Credit
Debt Instrument [Line Items]
Revolving credit and term loan agreement		$ 70,000,000.0
Revolving Credit Facility \| Revolving credit facilities \| Line of Credit
Debt Instrument [Line Items]
Total outstanding principal							0	0	0
Revolving Credit Facility \| Revolving credit facilities \| Line of Credit \| Minimum
Debt Instrument [Line Items]
Percentage of commitment fees of total unused commitment under revolving credit facility		0.30%
Revolving Credit Facility \| Revolving credit facilities \| Line of Credit \| Maximum
Debt Instrument [Line Items]
Percentage of commitment fees of total unused commitment under revolving credit facility		0.50%
Letter of credit \| Revolving credit facilities \| Line of Credit
Debt Instrument [Line Items]
Letters of credit outstanding							$ 8,900,000	8,900,000	$ 6,900,000
Secured debt \| Term Loan B-2, maturing 2028 \| Line of Credit
Debt Instrument [Line Items]
Debt face value		$ 545,000,000
Secured debt \| Term Loan B-3, maturing 2029 \| Line of Credit
Debt Instrument [Line Items]
Debt face value		$ 340,000,000
SOFR plus margin range		3.35%
Annual principal payments								$ 3,400,000
Deferred financing costs and original issue discount		$ 8,900,000
Weighted average interest rate, over the period							7.66%
Debt instrument, interest rate, effective percentage							7.20%	7.20%

Property and Equipment

12 Months Ended

Dec. 31, 2025

Property, Plant and Equipment [Abstract]

Property and Equipment

Property and equipment consisted of the following:


	As of December 31,
(in thousands)	2025		2024

Land and improvements	$	57,354	$	65,212
Buildings and improvements	258,375		275,844
Equipment	639,906		646,684
Computer software	31,928		33,389
Total	987,563		1,021,129
Accumulated depreciation	(579,597)		(567,229)
Net property and equipment	$	407,966	$	453,900

On December 30, 2024, we completed the sale of our San Diego tower sites for cash consideration of $20.0 million and recognized a pre-tax gain from disposition of $19.2 million.

On April 30, 2025, we completed the sale of our West Palm Beach television station building for cash consideration of $40.0 million and recognized a pre-tax gain from disposition of $31.4 million. With the asset sale, we also entered into a 2.5-year building lease with the buyer for cash consideration of $2.5 million annually.

Consolidated Statements of Equity (Parenthetical) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023
Statement of Stockholders' Equity [Abstract]
Preferred stock dividends (in dollars per share)			$ 8,000
Preferred stock, accretion of issuance costs	$ 2,305	$ 2,305	$ 2,305
Net shares issued on compensation plans (in shares)	2,386,594	1,850,660	1,194,546
Tax payments related to shares withheld for vested stock and RSUs	$ 1,769	$ 1,882	$ 4,955

Employee Benefit Plans

12 Months Ended

Dec. 31, 2025

Retirement Benefits [Abstract]

Employee Benefit Plans

We sponsor a noncontributory defined benefit pension plan and non-qualified Supplemental Executive Retirement Plans ("SERPs"). Both the defined benefit plan and the SERPs have frozen the accrual of future benefits.

We sponsor a defined contribution plan covering substantially all non-union and certain union employees. We match a portion of employees' voluntary contributions to this plan.

Other union-represented employees are covered by defined benefit pension plans jointly sponsored by us and the union, or by union-sponsored multi-employer plans.

We use a December 31 measurement date for our retirement plans. Retirement plans expense is based on valuations as of the beginning of each year.

The components of the expense consisted of the following:


	For the years ended December 31,
(in thousands)	2025		2024		2023


Interest cost	$	22,531	$	22,444	$	23,579
Expected return on plan assets, net of expenses	(22,235)		(24,072)		(25,221)
Amortization of actuarial loss and prior service cost	18		18		18

Total for defined benefit plans	314		(1,610)		(1,624)


SERPs	970		936		974
Defined contribution plan	15,010		16,290		15,998
Net periodic benefit cost	$	16,294	$	15,616	$	15,348

Other changes in plan assets and benefit obligations recognized in other comprehensive income (loss) were as follows:


	For the years ended December 31,
(in thousands)	2025		2024		2023

Actuarial gain/(loss)	$	13,389	$	(5)	$	3,091

Amortization of actuarial loss and prior service cost	18		18		18


Total	$	13,407	$	13	$	3,109

In addition to the amounts summarized above, amortization of actuarial losses related to our SERPs recognized through other comprehensive income was $0.2 million in 2025, $0.2 million in 2024 and $0.1 million in 2023. We recognized actuarial losses for our SERPs of $0.2 million in 2025 and $0.5 million in 2023 and an actuarial gain of $0.2 million in 2024.

Assumptions used in determining the annual retirement plans expense were as follows:


	2025		2024		2023

Discount rate	5.67	%	5.18	%	5.47	%
Long-term rate of return on plan assets	5.50	%	5.50	%	5.50	%

The discount rate used to determine our future pension obligations is based on a dedicated bond portfolio approach that includes securities rated Aa or better with maturities matching our expected benefit payments from the plans.

The expected long-term rate of return on plan assets is based upon the weighted-average expected rate of return and capital market forecasts for each asset class employed.

Changes in other key actuarial assumptions affect the determination of the benefit obligations as of the measurement date and the calculation of net periodic benefit costs in subsequent periods.

Obligations and Funded Status — The defined benefit pension plan obligations and funded status are actuarially valued as of the end of each year. The following table presents information about our employee benefit plan assets and obligations:


	Defined Benefit Plan				SERPs
	For the years ended December 31,
(in thousands)	2025		2024		2025		2024

Change in projected benefit obligation:
Projected benefit obligation at beginning of year	$	415,121	$	448,993	$	12,738	$	13,437

Interest cost	22,531		22,444		681		662
Benefits paid	(35,911)		(37,828)		(1,411)		(1,131)
Actuarial (gains)/losses	5,743		(18,488)		155		(230)


Projected benefit obligation at end of year	407,484		415,121		12,163		12,738
Plan assets:
Fair value at beginning of year	355,180		387,429		—		—
Actual return on plan assets	41,367		5,579		—		—
Company contributions	—		—		1,411		1,131
Benefits paid	(35,911)		(37,828)		(1,411)		(1,131)

Fair value at end of year	360,636		355,180		—		—
Funded status	$	(46,848)	$	(59,941)	$	(12,163)	$	(12,738)
Amounts recognized in Consolidated Balance Sheets:
Current liabilities	$	—	$	—	$	(1,279)	$	(1,468)
Noncurrent liabilities	(46,848)		(59,941)		(10,884)		(11,270)
Total	$	(46,848)	$	(59,941)	$	(12,163)	$	(12,738)

Amounts recognized in accumulated other comprehensive loss consist of:
Net actuarial loss	$	82,409	$	95,798	$	3,493	$	3,468
Prior service cost	298		316		—		—

During 2025, a net actuarial loss increased our benefit obligation primarily due to a year-over-year decrease in the discount rate assumption. During 2024, a net actuarial gain decreased our benefit obligation primarily due to a year-over-year increase in the discount rate assumption. The recognized actuarial gains/losses are recorded in accumulated other comprehensive income (loss) and are reflected in the table above.

Information for plans with an accumulated benefit obligation and projected benefit obligation in excess of plan assets was as follows:


	Defined Benefit Plan				SERPs
	As of December 31,
(in thousands)	2025		2024		2025		2024

Accumulated benefit obligation	$	407,484	$	415,121	$	12,163	$	12,738
Projected benefit obligation	407,484		415,121		12,163		12,738
Fair value of plan assets	360,636		355,180		—		—

Assumptions used to determine the defined benefit pension plan benefit obligation were as follows:


	2025		2024		2023

Weighted average discount rate	5.47	%	5.67	%	5.18	%

In 2026, we expect to contribute $1.3 million to fund our SERPs and $4.4 million to fund our qualified defined benefit pension plan.

Estimated future benefit payments expected to be paid from the plans for the next ten years are $34.6 million in 2026, $34.6 million in 2027, $34.8 million in 2028, $34.8 million in 2029, $34.5 million in 2030 and a total of $165.6 million for the five years ending 2035.

Plan Assets and Investment Strategy

Our long-term investment strategy for pension assets is to earn a rate of return over time that minimizes future contributions to the plan while reducing the volatility of pension assets relative to pension liabilities. The strategy reflects the fact that we have frozen the accrual of service credits under our plans which cover the majority of employees. We evaluate our asset allocation target ranges for equity, fixed income and other investments annually. We monitor actual asset allocations quarterly and adjust as necessary. We control risk through diversification among multiple asset classes, managers and styles. Risk is further monitored at the manager and asset class level by evaluating performance against appropriate benchmarks.

Information related to our pension plan asset allocations by asset category were as follows:


	Target allocation		Percentage of plan assets as of December 31,
	2026		2025		2024

US equity securities	13	%	14	%	13	%
Non-US equity securities	27	%	32	%	32	%
Fixed-income securities	55	%	53	%	54	%
Other	5	%	1	%	1	%
Total	100	%	100	%	100	%

U.S. equity securities include common stocks of large, medium and small capitalization companies, which are predominantly U.S. based. Non-U.S. equity securities include companies domiciled outside of the U.S. and American depository receipts. Fixed-income securities include securities issued or guaranteed by the U.S. government, mortgage backed securities and corporate debt obligations. Other investments include real estate funds and cash equivalents.

Under our asset allocation strategy, approximately 55% of plan assets are invested in a portfolio of fixed income securities with a duration approximately that of the projected payment of benefit obligations. The remaining 45% of plan assets are invested in equity securities and other return-seeking assets. The expected long-term rate of return on plan assets is based primarily upon the target asset allocation for plan assets and capital markets forecasts for each asset class employed.

The following table presents our plan assets as of December 31, 2025 and 2024:


	As of December 31,
(in thousands)	2025		2024

Equity securities
Common/collective trust funds	$	165,005	$	159,893
Fixed income
Common/collective trust funds	192,873		192,571

Receivables for investment sold	2,758		2,716
Fair value of plan assets	$	360,636	$	355,180

Our investments are valued using net asset value as a practical expedient as allowed under U.S. GAAP and therefore are not valued using the fair value hierarchy.

Equity securities-common/collective trust funds and fixed income-common/collective trust funds are comprised of shares or units in commingled funds that are not publicly traded. The underlying assets in these funds (equity securities and fixed income securities) are publicly traded on exchanges and price quotes for the assets held by these funds are readily available. Common/collective trust funds are typically valued at their net asset values that are calculated by the investment manager or sponsor of the fund and have daily or monthly liquidity.

- Definition

The entire disclosure for retirement benefits.

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+ Details

Segment Information - Narrative (Details)	12 Months Ended
Segment Information - Narrative (Details)	Dec. 31, 2025 station affiliate lowPowerStation
Segment Reporting Information [Line Items]
Number of operating segments \| station	2
Number of reportable segments \| station	2
Local Media
Segment Reporting Information [Line Items]
Number of local broadcast stations \| station	60
Number of low power stations operated \| lowPowerStation	10
Local Media \| ABC affiliates
Segment Reporting Information [Line Items]
Number of television affiliates	18
Local Media \| NBC affiliates
Segment Reporting Information [Line Items]
Number of television affiliates	11
Local Media \| CBS affiliates
Segment Reporting Information [Line Items]
Number of television affiliates	9
Local Media \| FOX affiliates
Segment Reporting Information [Line Items]
Number of television affiliates	4
Local Media \| Independent stations
Segment Reporting Information [Line Items]
Number of television affiliates	12

Income Taxes - Schedule of Income (Loss) for Operations Before Income Taxes (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023
Income (loss) from continuing operations before income taxes
Domestic	$ (121,691)	$ 207,784	$ (962,902)
Foreign	2,189	2,197	(4,609)
Income (loss) from operations before income taxes	$ (119,502)	$ 209,981	$ (967,511)

- Definition

Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest.

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+ Details

Goodwill and Other Intangible Assets (Tables)

12 Months Ended

Dec. 31, 2025

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of Goodwill By Business Segment

Goodwill by segment was as follows:


(in thousands)	Local Media		Scripps Networks		Other		Total

Gross balance as of December 31, 2022	$	1,122,408	$	2,028,890	$	7,190	$	3,158,488
Accumulated impairment losses	(216,914)		(21,000)		—		(237,914)
Net balance as of December 31, 2022	905,494		2,007,890		7,190		2,920,574
Impairment charge	—		(952,000)		—		(952,000)
Balance as of December 31, 2023	$	905,494	$	1,055,890	$	7,190	$	1,968,574

Gross balance as of December 31, 2023	$	1,122,408	$	2,028,890	$	7,190	$	3,158,488
Accumulated impairment losses	(216,914)		(973,000)		—		(1,189,914)
Net balance as of December 31, 2024	$	905,494	$	1,055,890	$	7,190	$	1,968,574

Gross balance as of December 31, 2024	$	1,122,408	$	2,028,890	$	7,190	$	3,158,488
Accumulated impairment losses	(216,914)		(973,000)		—		(1,189,914)
Net balance as of December 31, 2024	905,494		1,055,890		7,190		1,968,574
Goodwill allocated to assets held for sale	(46,737)		(3,503)		—		(50,240)
Balance as of December 31, 2025	$	858,757	$	1,052,387	$	7,190	$	1,918,334

Gross balance as of December 31, 2025	$	1,064,474	$	2,022,159	$	7,190	$	3,093,823
Accumulated impairment losses	(205,717)		(969,772)		—		(1,175,489)
Net balance as of December 31, 2025	$	858,757	$	1,052,387	$	7,190	$	1,918,334

Schedule of Other Finite-lived Intangible Assets

Other intangible assets consisted of the following:


	As of December 31,
(in thousands)	2025		2024

Amortizable intangible assets:
Carrying amount:
Television network affiliation relationships	$	1,025,844	$	1,060,244
Customer lists and advertiser relationships	216,622		220,997
Other	138,053		137,997
Total carrying amount	1,380,519		1,419,238
Accumulated amortization:
Television network affiliation relationships	(362,580)		(330,233)
Customer lists and advertiser relationships	(174,261)		(156,310)
Other	(90,417)		(76,622)
Total accumulated amortization	(627,258)		(563,165)
Net amortizable intangible assets	753,261		856,073
Indefinite-lived intangible assets — FCC licenses	764,515		779,415
Total other intangible assets	$	1,517,776	$	1,635,488

Schedule of Other Indefinite-lived Intangible Assets

Other intangible assets consisted of the following:


	As of December 31,
(in thousands)	2025		2024

Amortizable intangible assets:
Carrying amount:
Television network affiliation relationships	$	1,025,844	$	1,060,244
Customer lists and advertiser relationships	216,622		220,997
Other	138,053		137,997
Total carrying amount	1,380,519		1,419,238
Accumulated amortization:
Television network affiliation relationships	(362,580)		(330,233)
Customer lists and advertiser relationships	(174,261)		(156,310)
Other	(90,417)		(76,622)
Total accumulated amortization	(627,258)		(563,165)
Net amortizable intangible assets	753,261		856,073
Indefinite-lived intangible assets — FCC licenses	764,515		779,415
Total other intangible assets	$	1,517,776	$	1,635,488

- Definition

Tabular disclosure of goodwill by reportable segment and in total which includes a rollforward schedule.

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Reference 7: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482573/350-20-50-1

Reference 8: http://www.xbrl.org/2009/role/commonPracticeRef
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-Section 50
-Paragraph 1
-Subparagraph (e)
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-URI https://asc.fasb.org/1943274/2147482573/350-20-50-1

Reference 9: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 350
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-Section 50
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-URI https://asc.fasb.org/1943274/2147482573/350-20-50-1

Reference 10: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 350
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-Name Accounting Standards Codification
-Section 50
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Reference 11: http://www.xbrl.org/2009/role/commonPracticeRef
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Reference 12: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 350
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-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482573/350-20-50-2

+ Details

Property and Equipment - Summary (Details) - USD ($) $ in Thousands	Dec. 31, 2025	Dec. 31, 2024
Property, Plant and Equipment [Line Items]
Total	$ 987,563	$ 1,021,129
Accumulated depreciation	(579,597)	(567,229)
Net property and equipment	407,966	453,900
Land and improvements
Property, Plant and Equipment [Line Items]
Total	57,354	65,212
Buildings and improvements
Property, Plant and Equipment [Line Items]
Total	258,375	275,844
Equipment
Property, Plant and Equipment [Line Items]
Total	639,906	646,684
Computer software
Property, Plant and Equipment [Line Items]
Total	$ 31,928	$ 33,389

Consolidated Statements of Operations - USD ($) shares in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023
Operating Revenues:
Total operating revenues	$ 2,150,585	$ 2,509,772	$ 2,292,912
Operating Expenses:
Cost of revenues, excluding depreciation and amortization	1,274,517	1,320,774	1,283,324
Selling, general and administrative expenses, excluding depreciation and amortization	563,001	606,178	614,769
Restructuring costs	9,828	33,525	38,612
Depreciation	58,850	61,992	60,725
Amortization of intangible assets	91,982	93,236	94,380
Impairment of goodwill	0	0	952,000
Losses (gains), net on disposal of property and equipment	(31,587)	(18,424)	2,344
Total operating expenses	1,966,591	2,097,281	3,046,154
Operating income (loss)	183,994	412,491	(753,242)
Interest expense	(220,968)	(210,344)	(213,512)
Loss on extinguishment of debt	(12,998)	0	0
Other financing transaction costs	(44,537)	0	0
Defined benefit pension plan income (expense)	(1,284)	674	650
Miscellaneous, net	(23,709)	7,160	(1,407)
Income (loss) from operations before income taxes	(119,502)	209,981	(967,511)
Provision (benefit) for income taxes	(18,625)	63,763	(19,727)
Net income (loss)	(100,877)	146,218	(947,784)
Preferred stock dividends	(63,583)	(58,615)	(50,305)
Net income (loss) attributable to the shareholders of The E.W. Scripps Company	$ (164,460)	$ 87,603	$ (998,089)
Net income (loss) per basic share of common stock attributable to the shareholders of The E.W. Scripps Company (in dollars per share)	$ (1.87)	$ 1.01	$ (11.84)
Net income (loss) per diluted share of common stock attributable to the shareholders of The E.W. Scripps Company (in dollars per share)	$ (1.87)	$ 1.01	$ (11.84)
Weighted average shares outstanding:
Basic (in shares)	88,024	85,738	84,266
Diluted (in shares)	88,024	86,067	84,266
Advertising
Operating Revenues:
Total operating revenues	$ 1,354,369	$ 1,692,714	$ 1,477,999
Distribution
Operating Revenues:
Total operating revenues	758,679	784,573	779,217
Other
Operating Revenues:
Total operating revenues	$ 37,537	$ 32,485	$ 35,696

Capital Stock and Share-Based Compensation Plans - Additional Restricted Stock and Restricted Stock Unit Vesting (Details) - Restricted stock units - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Fair value of RSUs vested	$ 5,597	$ 5,929	$ 14,171
Tax benefits realized on vesting	$ 1,354	$ 1,440	$ 3,409

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
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-Name Accounting Standards Codification
-Section 50
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-URI https://asc.fasb.org/1943274/2147480429/718-10-50-2

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
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Reference 3: http://www.xbrl.org/2003/role/disclosureRef
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Reference 4: http://www.xbrl.org/2003/role/disclosureRef
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Reference 8: http://www.xbrl.org/2003/role/disclosureRef
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Reference 9: http://www.xbrl.org/2003/role/disclosureRef
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Reference 10: http://www.xbrl.org/2003/role/disclosureRef
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Reference 11: http://www.xbrl.org/2003/role/disclosureRef
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Reference 12: http://www.xbrl.org/2003/role/disclosureRef
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Reference 13: http://www.xbrl.org/2003/role/disclosureRef
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Reference 14: http://www.xbrl.org/2003/role/disclosureRef
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Reference 15: http://www.xbrl.org/2003/role/disclosureRef
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Reference 17: http://www.xbrl.org/2003/role/disclosureRef
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Reference 18: http://www.xbrl.org/2003/role/disclosureRef
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Reference 19: http://www.xbrl.org/2003/role/disclosureRef
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Reference 20: http://www.xbrl.org/2003/role/disclosureRef
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Reference 21: http://www.xbrl.org/2003/role/disclosureRef
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Reference 24: http://www.xbrl.org/2003/role/disclosureRef
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Reference 25: http://www.xbrl.org/2003/role/disclosureRef
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Reference 26: http://www.xbrl.org/2003/role/disclosureRef
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Reference 27: http://www.xbrl.org/2003/role/disclosureRef
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Reference 28: http://www.xbrl.org/2003/role/disclosureRef
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Reference 29: http://www.xbrl.org/2003/role/disclosureRef
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Reference 30: http://www.xbrl.org/2003/role/disclosureRef
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+ Details

Summary of Significant Accounting Policies (Policies)

12 Months Ended

Dec. 31, 2025

Accounting Policies [Abstract]

Nature of Operations

Basis of Presentation

Basis of Presentation — Certain amounts in the prior periods have been reclassified to conform to the current period's presentation.

Concentration Risks

During 2025, we derived approximately 63% of our operating revenues from advertising. Changes in the demand for such services, both nationally and in individual markets, can affect operating results.

Use of Estimates

While we re-evaluate our estimates and assumptions on an ongoing basis, actual results could differ from those estimated at the time of preparation of the financial statements.

Consolidation

Nature of Products and Services

Nature of Products and Services — The following is a description of principal activities from which we generate revenue.

Revenue Recognition and Contract Balances

Cash Equivalents

Cash Equivalents — Cash equivalents represent highly liquid investments with maturity of less than three months when acquired.

Investments

We record investments in private companies not accounted for under the equity method at cost, net of impairment write-downs, because no readily determinable market price is available.

Property and Equipment

Property and Equipment — Property and equipment is carried at cost less depreciation. We compute depreciation using the straight-line method over estimated useful lives as follows:


Buildings and improvements			15 to 45 years
Leasehold improvements			Shorter of term of lease or useful life
Broadcast transmission towers and related equipment			15 to 35 years
Other broadcast and program production equipment			3 to 15 years
Computer hardware			3 to 5 years
Office and other equipment			3 to 10 years

Programming

Progress payments on programs not yet available for broadcast are recorded as deposits within programming assets.

Program rights liabilities payable within the next twelve months are included as current liabilities and noncurrent program rights liabilities are included in other noncurrent liabilities.

FCC Repack

Leases

Goodwill and Other Indefinite-Lived Intangible Assets

Goodwill and Other Indefinite-Lived Intangible Assets — Goodwill represents the cost of acquisitions in excess of the acquired businesses’ tangible assets and identifiable intangible assets.

Amortizable Intangible Assets

We amortize customer lists and other intangible assets in relation to their expected future cash flows over estimated useful lives of up to 20 years.

Impairment of Long-Lived Assets

Self-Insured Risks

Income Taxes

Risk Management Contracts

Stock-Based Compensation

Earnings Per Share (EPS)

Recently Adopted and Issued Accounting Standards

In September 2025, the Financial Accounting Standards Board ("FASB") issued new guidance that amends certain aspects of the accounting and disclosure requirements for internal-use software costs. The amendments in the guidance remove all references to prescriptive and sequential software development stages, and also provide criteria for when an entity is required to start capitalizing software costs. The guidance is effective for our annual periods beginning in 2028 and interim periods within those annual reporting periods, with early adoption permitted. The guidance can be applied using a prospective transition, modified transition or retrospective transition approach. We are currently evaluating the potential impact that this new guidance will have on our Consolidated Financial Statements and related disclosures.

In November 2024, the FASB issued new guidance on disaggregation of income statement expenses. The guidance requires entities to disaggregate any relevant expense caption presented on the face of the income statement within continuing operations into the following required natural expense categories: (1) purchases of inventory, (2) employee compensation, (3) depreciation, (4) intangible asset amortization, and (5) depreciation, depletion and amortization recognized as part of oil-and gas-producing activities or other types of depletion expenses. Such disclosures must be made on an annual and interim basis in a tabular format in the footnotes to the financial statements. The guidance does not change the expense captions an entity presents on the face of the income statement. The guidance also provides clarification regarding identifying relevant expense captions. Furthermore, certain other expenses and gains or losses that must be disclosed under existing U.S. GAAP, and that are recorded in a relevant expense caption, must be presented in the same tabular disclosure on an annual, and, when applicable, interim basis. In addition, the guidance requires entities to disclose selling expenses on an annual and interim basis. The guidance does not define selling expenses, rather, entities will make their own determination of the composition of selling expenses and disclose the definition on an annual basis. The guidance is effective for our annual periods beginning in 2027 and interim periods beginning in the first quarter of 2028, with early adoption permitted. The guidance will be applied on a prospective basis, but retrospective application is permitted. We are currently evaluating the potential impact of adopting this new guidance on our Notes to Consolidated Financial Statements.

Recently Adopted Accounting Standards

In December 2023, the FASB issued new guidance that modifies the rules on income tax disclosures. The guidance requires entities to disclose: (1) specific categories in the rate reconciliation, (2) the income or loss from continuing operations before income tax expense or benefit (separated between domestic and foreign) and (3) income tax expense or benefit from continuing operations (separated by federal, state and foreign). The guidance also requires entities to disclose their income tax payments to international, federal, state and local jurisdictions, among other changes. We adopted this guidance on a retrospective basis for our annual period ending December 31, 2025. We updated our income tax disclosures to comply with the guidance, see Note 4. Income Taxes. The adoption of the guidance did not have an impact on our financial position, results of operations or liquidity.

Assets Held for Sale - Assets Held for Sale (Details) - USD ($) $ in Thousands	Dec. 31, 2025	Dec. 31, 2024
Assets:
Total current assets	$ 4,467
Property and equipment	17,891
Goodwill and intangible assets	77,521
Operating lease right-of-use assets	151
Other assets	22,361
Adjustment to carrying value to reflect estimated fair value less cost to sell	(19,458)
Total assets held for sale	102,933	$ 0
Liabilities:
Total current liabilities	3,825
Operating lease liabilities	115
Other liabilities	3,123
Total liabilities held for sale	7,063	$ 0
Net assets held for sale	95,870
Disposal Group, Held-for-sale, Not Discontinued Operations \| WFTX
Assets:
Total current assets	0
Property and equipment	11,585
Goodwill and intangible assets	25,347
Operating lease right-of-use assets	151
Other assets	523
Adjustment to carrying value to reflect estimated fair value less cost to sell	0
Total assets held for sale	37,606
Liabilities:
Total current liabilities	274
Operating lease liabilities	115
Other liabilities	2,969
Total liabilities held for sale	3,358
Net assets held for sale	34,248
Disposal Group, Held-for-sale, Not Discontinued Operations \| WRTV
Assets:
Total current assets	0
Property and equipment	6,228
Goodwill and intangible assets	48,290
Operating lease right-of-use assets	0
Other assets	452
Adjustment to carrying value to reflect estimated fair value less cost to sell	0
Total assets held for sale	54,970
Liabilities:
Total current liabilities	194
Operating lease liabilities	0
Other liabilities	154
Total liabilities held for sale	348
Net assets held for sale	54,622
Disposal Group, Held-for-sale, Not Discontinued Operations \| Court TV
Assets:
Total current assets	4,467
Property and equipment	78
Goodwill and intangible assets	3,884
Operating lease right-of-use assets	0
Other assets	21,386
Adjustment to carrying value to reflect estimated fair value less cost to sell	(19,458)
Total assets held for sale	10,357
Liabilities:
Total current liabilities	3,357
Operating lease liabilities	0
Other liabilities	0
Total liabilities held for sale	3,357
Net assets held for sale	$ 7,000

Long-Term Debt (Tables)

12 Months Ended

Dec. 31, 2025

Debt Disclosure [Abstract]

Schedule of Components of Long-Term Debt

Long-term debt consisted of the following:


	As of December 31,
(in thousands)	2025		2024

Accounts receivable securitization facility	$	361,100	$	—
Revolving credit facilities	—		—
Senior secured notes, due in January 2029	523,356		523,356
Senior secured notes, due in August 2030	750,000		—
Senior unsecured notes, due in July 2027	—		425,667
Senior unsecured notes, due in January 2031	392,071		392,071
Term loan, due in June 2028	281,126		—
Term loan, due in November 2029	337,603		—
Term loan, due in May 2026	—		721,213
Term loan, due in January 2028	—		543,000
Total outstanding principal	2,645,256		2,605,307
Less: Debt issuance costs and issuance discounts	(50,868)		(29,135)
Less: Current portion	(8,854)		(15,612)
Net carrying value of long-term debt	$	2,585,534	$	2,560,560
Fair value of long-term debt *	$	2,487,833	$	2,112,999

* The fair values of debt are estimated based on either quoted private market transactions or observable estimates provided by third party financial professionals, and as such, are classified within Level 2 of the fair value hierarchy.

Commitments and Contingencies (Details) $ in Millions	Dec. 31, 2025 USD ($)
Contractual Obligation, Fiscal Year Maturity [Abstract]
Contractual obligations due in 2026	$ 783.9
Contractual obligations due in 2027	369.6
Contractual obligations due in 2028	165.6
Contractual obligations due in 2029	97.4
Contractual obligations due in 2030	31.2
Contractual obligations due in later years	$ 6.9

Employee Benefit Plans - Schedule of Components of Benefit Expense (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023
Defined Benefit Plan, Net Periodic Benefit Cost (Credit) [Abstract]
Net periodic benefit cost	$ 16,294	$ 15,616	$ 15,348
Defined benefit plans
Defined Benefit Plan, Net Periodic Benefit Cost (Credit) [Abstract]
Interest cost	22,531	22,444	23,579
Expected return on plan assets, net of expenses	(22,235)	(24,072)	(25,221)
Amortization of actuarial loss and prior service cost	18	18	18
Total for defined benefit plans	314	(1,610)	(1,624)
SERPs
Defined Benefit Plan, Net Periodic Benefit Cost (Credit) [Abstract]
Interest cost	681	662
Net periodic benefit cost	970	936	974
Defined contribution plan
Defined Benefit Plan, Net Periodic Benefit Cost (Credit) [Abstract]
Net periodic benefit cost	$ 15,010	$ 16,290	$ 15,998

Assets Held for Sale (Tables)

12 Months Ended

Dec. 31, 2025

Discontinued Operations and Disposal Groups [Abstract]

Schedule of Disposal Groups, Including Discontinued Operations

The following table presents a summary of the assets and liabilities held for sale included in our Consolidated Balance Sheet as of December 31, 2025.


(in thousands)	WFTX		WRTV		Court TV		Total

Assets:
Total current assets	$	—	$	—	$	4,467	$	4,467
Property and equipment	11,585		6,228		78		17,891
Goodwill and intangible assets	25,347		48,290		3,884		77,521
Operating lease right-of-use assets	151		—		—		151
Other assets	523		452		21,386		22,361
Adjustment to carrying value to reflect estimated fair value less cost to sell	—		—		(19,458)		(19,458)
Total assets held for sale	37,606		54,970		10,357		102,933
Liabilities:
Total current liabilities	274		194		3,357		3,825
Operating lease liabilities	115		—		—		115
Other liabilities	2,969		154		—		3,123
Total liabilities held for sale	3,358		348		3,357		7,063
Net assets held for sale	$	34,248	$	54,622	$	7,000	$	95,870

- Definition

Tabular disclosure of information related to a disposal group. Includes, but is not limited to, a discontinued operation, disposal classified as held-for-sale or disposed of by means other than sale or disposal of an individually significant component.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Section 50
-Paragraph 3
-SubTopic 10
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+ Details

Long-Term Debt - Schedule of Components of Long-Term Debt (Details) - USD ($)
$ in Thousands

Dec. 31, 2025

Dec. 31, 2024

Components of Long-term debt

Total outstanding principal

$ 2,645,256

$ 2,605,307

Less: Debt issuance costs and issuance discounts

(50,868)

(29,135)

Less: Current portion

(8,854)

(15,612)

Net carrying value of long-term debt

2,585,534

2,560,560

Fair value of long-term debt

^[1]

2,487,833

2,112,999

Senior secured notes, due in January 2029 | Secured Debt

Components of Long-term debt

Total outstanding principal

523,356

Senior secured notes, due in August 2030 | Secured Debt

Components of Long-term debt

Total outstanding principal

750,000

Senior unsecured notes, due in July 2027 | Senior unsecured notes

Components of Long-term debt

Total outstanding principal

425,667

Senior unsecured notes, due in January 2031 | Senior unsecured notes

Components of Long-term debt

Total outstanding principal

392,071

Term loan, due in June 2028 | Line of Credit

Components of Long-term debt

Total outstanding principal

281,126

Term loan, due in November 2029

Components of Long-term debt

Total outstanding principal

337,603

Term loan, due in May 2026

Components of Long-term debt

Total outstanding principal

721,213

Term loan, due in January 2028

Components of Long-term debt

Total outstanding principal

543,000

Revolving credit facilities | Accounts receivable securitization facility | Line of Credit

Components of Long-term debt

Total outstanding principal

361,100

Revolving credit facilities | Revolving credit facilities | Line of Credit

Components of Long-term debt

Total outstanding principal

$ 0

[1]	* The fair values of debt are estimated based on either quoted private market transactions or observable estimates provided by third party financial professionals, and as such, are classified within Level 2 of the fair value hierarchy.

Consolidated Statements of Cash Flows - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023
Cash Flows from Operating Activities:
Net income (loss)	$ (100,877)	$ 146,218	$ (947,784)
Adjustments to reconcile net income (loss) to net cash flows from operating activities:
Depreciation and amortization	150,832	155,228	155,105
Impairment of goodwill	0	0	952,000
Losses (gains), net on disposal of property and equipment	(31,587)
Loss on extinguishment of debt	12,998	0	0
Programming assets and liabilities	13,660	(3,245)	(20,504)
Restructuring impairment charges	1,397	3,110	14,933
Losses (gains) on sale of investments	(263)	(19,895)	0
Impairment of investments	0	15,000	0
Loss provision on held for sale assets	19,458	0	0
Deferred income taxes	(21,139)	(149)	(63,698)
Stock and deferred compensation plans	19,403	17,992	25,631
Pension contributions, net of income/expense	687	(2,052)	(2,107)
Other changes in certain working capital accounts, net	(37,575)	58,898	(16,275)
Miscellaneous, net	26,106	12,999	11,959
Net cash provided by operating activities	53,100	365,680	111,604
Cash Flows from Investing Activities:
Additions to property and equipment	(46,577)	(65,256)	(59,627)
Purchase of investments	(6,943)	(1,729)	(1,000)
Proceeds from sale of investments	263	19,985	0
Proceeds from sale of property and equipment	41,126	20,464	21
Net cash used in investing activities	(12,131)	(26,536)	(60,606)
Cash Flows from Financing Activities:
Net borrowings (payments) under revolving credit facility	0	(330,000)	330,000
Proceeds received from accounts receivable securitization facility	592,800	0	0
Payments on accounts receivable securitization facility	(231,700)	0	0
Proceeds from issuance of long-term debt	1,635,369	0	0
Payments on long-term debt	(1,956,521)	(15,612)	(299,862)
Payments of debt extinguishment costs	(7,769)	0	0
Payments of deferred financing costs	(63,260)	0	0
Dividends paid on preferred stock	0	0	(48,000)
Tax payments related to shares withheld for vested stock and RSUs	(1,769)	(1,882)	(4,955)
Miscellaneous, net	(4,048)	(3,117)	(10,889)
Net cash used in financing activities	(36,898)	(350,611)	(33,706)
Increase (decrease) in cash, cash equivalents and restricted cash	4,071	(11,467)	17,292
Cash, cash equivalents and restricted cash:
Beginning of year	23,852	35,319	18,027
End of year	27,923	23,852	35,319
Supplemental Cash Flow Disclosures
Interest paid	168,411	195,856	195,832
Income taxes paid	13,323	71,811	31,121
Non-cash investing and financing information
Accrued capital expenditures	$ 2,086	$ 5,351	$ 5,130

Restructuring Costs and Other Transactions - Changes In Restructuring and Related Costs (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023
Restructuring Reserve [Roll Forward]
Net accruals	$ 9,828	$ 33,525	$ 38,612
TrueReal Restructuring
Restructuring Reserve [Roll Forward]
Liability, beginning of period	9,653	8,165	0
Net accruals	9,828	33,525	38,612
Payments	(15,341)	(28,827)	(14,375)
Non-cash	(1,605)	(3,210)	(16,072)
Liability, end of period	2,535	9,653	8,165
Severance and Employee Benefits \| TrueReal Restructuring
Restructuring Reserve [Roll Forward]
Liability, beginning of period	9,653	6,735	0
Net accruals	5,598	25,371	17,066
Payments	(15,043)	(22,353)	(9,192)
Non-cash	(208)	(100)	(1,139)
Liability, end of period	0	9,653	6,735
Other Restructuring Charges \| TrueReal Restructuring
Restructuring Reserve [Roll Forward]
Liability, beginning of period	0	1,430	0
Net accruals	4,230	8,154	21,546
Payments	(298)	(6,474)	(5,183)
Non-cash	(1,397)	(3,110)	(14,933)
Liability, end of period	$ 2,535	$ 0	$ 1,430

- Definition

Amount of expenses associated with exit or disposal activities pursuant to an authorized plan. Excludes expenses related to a discontinued operation or an asset retirement obligation.

+ References + Details

Goodwill and Other Intangible Assets

12 Months Ended

Dec. 31, 2025

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill and Other Intangible Assets

Goodwill by segment was as follows:


(in thousands)	Local Media		Scripps Networks		Other		Total

Gross balance as of December 31, 2022	$	1,122,408	$	2,028,890	$	7,190	$	3,158,488
Accumulated impairment losses	(216,914)		(21,000)		—		(237,914)
Net balance as of December 31, 2022	905,494		2,007,890		7,190		2,920,574
Impairment charge	—		(952,000)		—		(952,000)
Balance as of December 31, 2023	$	905,494	$	1,055,890	$	7,190	$	1,968,574

Gross balance as of December 31, 2023	$	1,122,408	$	2,028,890	$	7,190	$	3,158,488
Accumulated impairment losses	(216,914)		(973,000)		—		(1,189,914)
Net balance as of December 31, 2024	$	905,494	$	1,055,890	$	7,190	$	1,968,574

Gross balance as of December 31, 2024	$	1,122,408	$	2,028,890	$	7,190	$	3,158,488
Accumulated impairment losses	(216,914)		(973,000)		—		(1,189,914)
Net balance as of December 31, 2024	905,494		1,055,890		7,190		1,968,574
Goodwill allocated to assets held for sale	(46,737)		(3,503)		—		(50,240)
Balance as of December 31, 2025	$	858,757	$	1,052,387	$	7,190	$	1,918,334

Gross balance as of December 31, 2025	$	1,064,474	$	2,022,159	$	7,190	$	3,093,823
Accumulated impairment losses	(205,717)		(969,772)		—		(1,175,489)
Net balance as of December 31, 2025	$	858,757	$	1,052,387	$	7,190	$	1,918,334

Other intangible assets consisted of the following:


	As of December 31,
(in thousands)	2025		2024

Amortizable intangible assets:
Carrying amount:
Television network affiliation relationships	$	1,025,844	$	1,060,244
Customer lists and advertiser relationships	216,622		220,997
Other	138,053		137,997
Total carrying amount	1,380,519		1,419,238
Accumulated amortization:
Television network affiliation relationships	(362,580)		(330,233)
Customer lists and advertiser relationships	(174,261)		(156,310)
Other	(90,417)		(76,622)
Total accumulated amortization	(627,258)		(563,165)
Net amortizable intangible assets	753,261		856,073
Indefinite-lived intangible assets — FCC licenses	764,515		779,415
Total other intangible assets	$	1,517,776	$	1,635,488

Estimated amortization expense of intangible assets for each of the next five years is $84.8 million in 2026, $81.7 million in 2027, $60.3 million in 2028, $60.2 million in 2029, $60.2 million in 2030 and $406.1 million in later years.

Upon our acquisition of ION Media in 2021, we simultaneously sold 23 ION television stations to INYO Broadcast Holdings to comply with ownership rules of the FCC. These divested stations became independent affiliates of ION pursuant to long-term affiliation agreements. The purchase price allocation for the ION acquisition attributed $422 million of value to these INYO affiliation agreements and are reflected as an intangible asset within our “Television network affiliation relationships” caption. The INYO affiliation agreements intangible asset is being amortized over 20 years and has a net carrying value of $317 million at December 31, 2025.

We have call options that grant us the right to acquire the assets of some or all of the 23 INYO television stations. In February 2026, we notified INYO of our exercise of all of the options. In addition to other customary closing conditions, any transaction would be subject to FCC consent and, in certain cases, waiver of FCC ownership rules. We also have the right to withdraw our exercise of any or all of the options at any time prior to closing without any further obligation other than reimbursing INYO for expenses. Each station is subject to a separate option, so the acquisition of individual station assets may occur at various dates or potentially not occur.

Goodwill and other indefinite-lived intangible assets are tested for impairment annually and any time events occur or changes in circumstances indicate it is more likely than not the fair value of a reporting unit, or respective indefinite-lived intangible asset, is below its carrying value. Such events or changes in circumstances include, but are not limited to, changes in business climate, significant declines in the price of our stock, or other factors resulting in lower cash flow related to such assets.

The quantitative analysis to measure the extent of any goodwill impairment compares the estimated fair values of our reporting units to their respective carrying values. We determine the fair value of each reporting unit with consideration to the discounted cash flow method of the income approach, the general public company method of the market approach and the guideline transactions method of the market approach. The weighting or prevalence of these methods in each annual impairment test can be impacted by current market conditions or the relevance of current data. Particularly for the discounted cash flow analysis, significant judgment is required to estimate the future cash flows derived from the business and the period of time over which those cash flows will occur, as well as to determine an appropriate discount rate. The determination of the discount rate is based on a cost of capital model, using a risk-free rate, adjusted by a stock-beta adjusted risk premium and a size premium. These reporting unit valuations are dependent on a number of significant estimates and assumptions, including macroeconomic conditions, market growth rates, competitive activities, cost containment, margin expansion and strategic business plans (inputs of which are categorized as Level 3 under the fair value hierarchy). Additionally, future changes in these assumptions and estimates with respect to long-term growth rates and discount rates or future cash flow projections, could result in significantly different estimates of the fair values.

If the fair value of a reporting unit, or respective FCC license, is less than its carrying value, then an impairment exits and an impairment charge is recorded. Upon completing our annual test in the fourth quarter of 2025, we determined that the fair value of our Local Media reporting unit exceeded its carrying value by more than 20% and that the fair value of our Scripps Networks reporting unit exceeded its carrying value by approximately 5%. Our reporting unit valuations are dependent on a number of significant estimates and assumptions, including macroeconomic conditions, market growth rates, competitive activities, cost containment and strategic business plans. While we believe the estimates and judgments used in determining the fair values were appropriate, changes in these estimates could impact the fair value and possibly result in an impairment of the goodwill in future periods. For example, a 50 basis point increase in the discount rate used for the Scripps Networks reporting unit would reduce its fair value by approximately 6%.

During 2023, the Scripps Networks business continued to experience softness within the national advertising marketplace, as macroeconomic challenges continued to impact advertising budgets. A longer than anticipated television advertising recession and the impact of declining linear television viewership trends negatively impacted expected future growth rates, profitability and the cash flows derived from the business as well as the expected period of time over which those cash flows will occur. These factors, coupled with decreases in our market capitalization, provided an indication that the fair value of our Scripps Networks reporting unit may be below its carrying value. We concluded that the fair value of our Scripps Networks reporting unit did not exceed its carrying value and we recognized $952 million in non-cash goodwill impairment charges during 2023.

Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands	Dec. 31, 2025	Dec. 31, 2024
Allowances for accounts and notes receivable	$ 5,909	$ 7,449
Preferred stock, par value (in dollars per share)	$ 0.01	$ 0.01
Preferred stock, shares authorized (in shares)	25,000,000	25,000,000
Preferred stock, shares outstanding (in shares)	0	0
Redemption value of preferred stock	$ 750,000
Common stock, par value (in dollars per share)	$ 0.01	$ 0.01
Preferred stock, Series A
Preferred stock, par value (in dollars per share)	$ 100,000	$ 100,000
Preferred stock, shares outstanding (in shares)	6,000	6,000
Preferred stock, shares issued (in shares)	6,000	6,000
Redemption value of preferred stock	$ 749,587	$ 688,309
Common stock, Class A
Common stock, shares authorized (in shares)	240,000,000	240,000,000
Common stock, shares issued (in shares)	77,081,135	74,694,541
Common stock, shares outstanding (in shares)	77,081,135	74,694,541
Voting common stock
Common stock, shares authorized (in shares)	60,000,000	60,000,000
Common stock, shares issued (in shares)	11,932,722	11,932,722
Common stock, shares outstanding (in shares)	11,932,722	11,932,722

Income Taxes (Tables)

12 Months Ended

Dec. 31, 2025

Income Tax Disclosure [Abstract]

Schedule of Income (Loss) for Operations Before Income Taxes

The components of income (loss) for operations before income taxes consisted of the following:


	For the years ended December 31,
(in thousands)	2025		2024		2023

Domestic	$	(121,691)	$	207,784	$	(962,902)
Foreign	2,189		2,197		(4,609)
Total	$	(119,502)	$	209,981	$	(967,511)

Schedule of Provision For Income Taxes

The provision for income taxes from operations consisted of the following:


	For the years ended December 31,
(in thousands)	2025		2024		2023

Current:
Federal	$	4,580	$	64,533	$	34,205
State and local	5,363		11,644		8,010
Foreign	263		1,053		—
Total current income tax provision	10,206		77,230		42,215
Deferred:
Federal	(24,151)		(14,663)		(53,476)
State and local	(4,527)		1,222		(7,278)
Foreign	(153)		(26)		(1,188)
Total deferred income tax provision	(28,831)		(13,467)		(61,942)
Provision (benefit) for income taxes	$	(18,625)	$	63,763	$	(19,727)

Schedule of Effective Income Tax Rate Reconciliation

The difference between the statutory rate for federal income tax and the effective income tax rate was as follows:


	For the years ended December 31,
(in thousands)	2025				2024				2023

U.S. federal statutory rate	$	(25,095)	21.0	%	$	44,096	21.0	%	$	(203,177)	21.0	%

State and local income taxes, net of federal income tax effect *	(389)		0.3		9,025		4.2		(1,258)		0.1
Foreign tax effects	(350)		0.3		565		0.3		(220)		—
Nontaxable or non-deductible items:
Non-deductible goodwill impairment	—		—		—		—		179,630		(18.6)

Equity compensation tax windfall/shortfall deduction	2,614		(2.2)		3,157		1.5		1,507		(0.2)
Non-deductible executive compensation	761		(0.6)		2,373		1.1		995		(0.1)
Other non-deductible expenses	1,106		(0.9)		755		0.4		771		—
Changes in unrecognized tax benefits	251		(0.2)		2,016		1.0		334		—
Other adjustments:
Federal accrued interest on deferred gain	1,700		(1.4)		1,802		0.9		1,514		(0.2)
Other	777		(0.7)		(26)		—		177		—
Effective income tax rate	$	(18,625)	15.6	%	$	63,763	30.4	%	$	(19,727)	2.0	%

* The states that contribute to the majority (greater than 50%) of the tax effect in this category include Michigan for 2025, California, Michigan, Florida, Texas, Montana and Arizona for 2024 and Georgia, Michigan, Texas, Cincinnati, Ohio, Arizona, Indiana, Colorado, Wisconsin, Tennessee, New York, Connecticut, Louisiana, Kentucky, Montana, California, Oklahoma and Philadelphia, Pennsylvania for 2023.

Schedule of Deferred Income Tax (Liabilities) Assets

The approximate effect of the temporary differences giving rise to deferred income tax assets (liabilities) were as follows:


	As of December 31,
(in thousands)	2025		2024

Temporary differences:
Property and equipment	$	(40,219)	$	(38,383)
Goodwill and other intangible assets	(381,863)		(377,291)
Investments, primarily gains and losses not yet recognized for tax purposes	2,381		4,980
Accrued expenses not deductible until paid	10,494		11,912
Deferred compensation and retiree benefits not deductible until paid	26,526		29,013
Operating lease right-of-use assets	(31,107)		(29,829)
Operating lease liabilities	35,170		32,888
Interest limitation carryforward	79,251		59,070
Other temporary differences, net	15,846		12,599
Total temporary differences	(283,521)		(295,041)
Federal and state net operating loss carryforwards	27,359		12,332
Valuation allowance for state deferred tax assets	(12,067)		(10,880)
Net deferred tax liability	$	(268,229)	$	(293,589)

Schedule of Gross Unrecognized Tax Benefit Reconciliation

A reconciliation of the beginning and ending balances of the total amounts of gross unrecognized tax benefits is as follows:


	For the years ended December 31,
(in thousands)	2025		2024		2023

Gross unrecognized tax benefits at beginning of year	$	28,099	$	15,030	$	12,124
Increases in tax positions for prior years	1,184		6,055		3,321
Decreases in tax positions for prior years	(788)		(217)		(2)
Increases in tax positions for current year	7,152		7,483		257

Decreases from lapse in statute of limitations	(1,992)		(252)		(670)
Decreases due to settlements with taxing authorities	(26)		—		—
Gross unrecognized tax benefits at end of year	$	33,629	$	28,099	$	15,030

Schedule of Income Tax Paid

The components of cash paid for income taxes, net of refunds received, was as follows:


	For the years ended December 31,
(in thousands)	2025		2024		2023

Federal	$	10,000	$	62,991	$	31,200
State:
Florida	—		—		(5,421)
Other	3,323		8,820		5,342
Foreign	—		—		—
Income taxes paid, net of refunds received	$	13,323	$	71,811	$	31,121

Income Taxes

12 Months Ended

Dec. 31, 2025

Income Tax Disclosure [Abstract]

Income Taxes

We file a consolidated federal income tax return, consolidated unitary returns in certain states, other separate state income tax returns for certain of our subsidiary companies, and applicable foreign returns.

The components of income (loss) for operations before income taxes consisted of the following:


	For the years ended December 31,
(in thousands)	2025		2024		2023

Domestic	$	(121,691)	$	207,784	$	(962,902)
Foreign	2,189		2,197		(4,609)
Total	$	(119,502)	$	209,981	$	(967,511)

The provision for income taxes from operations consisted of the following:


	For the years ended December 31,
(in thousands)	2025		2024		2023

Current:
Federal	$	4,580	$	64,533	$	34,205
State and local	5,363		11,644		8,010
Foreign	263		1,053		—
Total current income tax provision	10,206		77,230		42,215
Deferred:
Federal	(24,151)		(14,663)		(53,476)
State and local	(4,527)		1,222		(7,278)
Foreign	(153)		(26)		(1,188)
Total deferred income tax provision	(28,831)		(13,467)		(61,942)
Provision (benefit) for income taxes	$	(18,625)	$	63,763	$	(19,727)

The difference between the statutory rate for federal income tax and the effective income tax rate was as follows:


	For the years ended December 31,
(in thousands)	2025				2024				2023

U.S. federal statutory rate	$	(25,095)	21.0	%	$	44,096	21.0	%	$	(203,177)	21.0	%

State and local income taxes, net of federal income tax effect *	(389)		0.3		9,025		4.2		(1,258)		0.1
Foreign tax effects	(350)		0.3		565		0.3		(220)		—
Nontaxable or non-deductible items:
Non-deductible goodwill impairment	—		—		—		—		179,630		(18.6)

Equity compensation tax windfall/shortfall deduction	2,614		(2.2)		3,157		1.5		1,507		(0.2)
Non-deductible executive compensation	761		(0.6)		2,373		1.1		995		(0.1)
Other non-deductible expenses	1,106		(0.9)		755		0.4		771		—
Changes in unrecognized tax benefits	251		(0.2)		2,016		1.0		334		—
Other adjustments:
Federal accrued interest on deferred gain	1,700		(1.4)		1,802		0.9		1,514		(0.2)
Other	777		(0.7)		(26)		—		177		—
Effective income tax rate	$	(18,625)	15.6	%	$	63,763	30.4	%	$	(19,727)	2.0	%

In 2023, a non-deductible expense of $855 million was recorded related to book impairment of goodwill.

The components of cash paid for income taxes, net of refunds received, was as follows:


	For the years ended December 31,
(in thousands)	2025		2024		2023

Federal	$	10,000	$	62,991	$	31,200
State:
Florida	—		—		(5,421)
Other	3,323		8,820		5,342
Foreign	—		—		—
Income taxes paid, net of refunds received	$	13,323	$	71,811	$	31,121

The approximate effect of the temporary differences giving rise to deferred income tax assets (liabilities) were as follows:


	As of December 31,
(in thousands)	2025		2024

Temporary differences:
Property and equipment	$	(40,219)	$	(38,383)
Goodwill and other intangible assets	(381,863)		(377,291)
Investments, primarily gains and losses not yet recognized for tax purposes	2,381		4,980
Accrued expenses not deductible until paid	10,494		11,912
Deferred compensation and retiree benefits not deductible until paid	26,526		29,013
Operating lease right-of-use assets	(31,107)		(29,829)
Operating lease liabilities	35,170		32,888
Interest limitation carryforward	79,251		59,070
Other temporary differences, net	15,846		12,599
Total temporary differences	(283,521)		(295,041)
Federal and state net operating loss carryforwards	27,359		12,332
Valuation allowance for state deferred tax assets	(12,067)		(10,880)
Net deferred tax liability	$	(268,229)	$	(293,589)

The Company has a federal operating loss carryforward of $62 million and state operating loss carryforwards of $322 million at December 31, 2025. Our state tax loss carryforwards expire through 2044. Because we file separate state income tax returns for certain of our subsidiary companies, we are not able to use state tax losses of a subsidiary company to offset state taxable income of another subsidiary company.

The Company recognizes federal and state net operating loss carryforwards as deferred tax assets, subject to valuation allowances. At each balance sheet date, we estimate the amount of carryforwards that are not expected to be used prior to expiration of the carryforward period. The tax effect of the carryforwards that are not expected to be used prior to their expiration is included in the valuation allowance.

The Company has not provided for income taxes, including withholding tax, U.S. state taxes, or tax on foreign exchange rate changes, associated with the undistributed earnings of our non-U.S. subsidiaries because we plan to indefinitely reinvest the unremitted earnings in these entities.

A reconciliation of the beginning and ending balances of the total amounts of gross unrecognized tax benefits is as follows:


	For the years ended December 31,
(in thousands)	2025		2024		2023

Gross unrecognized tax benefits at beginning of year	$	28,099	$	15,030	$	12,124
Increases in tax positions for prior years	1,184		6,055		3,321
Decreases in tax positions for prior years	(788)		(217)		(2)
Increases in tax positions for current year	7,152		7,483		257

Decreases from lapse in statute of limitations	(1,992)		(252)		(670)
Decreases due to settlements with taxing authorities	(26)		—		—
Gross unrecognized tax benefits at end of year	$	33,629	$	28,099	$	15,030

The total amount of net unrecognized tax benefits that, if recognized, would affect the effective tax rate was $12.4 million at December 31, 2025. We accrue interest and penalties related to unrecognized tax benefits in our provision for income taxes. At December 31, 2025 and 2024, we had accrued interest related to unrecognized tax benefits of $4.9 million and $3.4 million, respectively, and penalties of $1.7 million and $1.3 million, respectively.

We file income tax returns in the U.S., Canada and in various state and local jurisdictions. We are routinely examined by tax authorities in these jurisdictions. At December 31, 2025, we are no longer subject to federal income tax examinations for years prior to 2022. For state and local jurisdictions, we are generally no longer subject to income tax examinations for years prior to 2021.

- Definition

The entire disclosure for income tax.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 942
-SubTopic 740
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (a)
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Reference 2: http://www.xbrl.org/2003/role/disclosureRef
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Reference 3: http://www.xbrl.org/2003/role/disclosureRef
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Reference 4: http://www.xbrl.org/2003/role/disclosureRef
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Reference 9: http://www.xbrl.org/2003/role/disclosureRef
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Reference 10: http://www.xbrl.org/2003/role/disclosureRef
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Reference 11: http://www.xbrl.org/2003/role/disclosureRef
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Reference 12: http://www.xbrl.org/2003/role/disclosureRef
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Reference 13: http://www.xbrl.org/2003/role/disclosureRef
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Reference 14: http://www.xbrl.org/2003/role/disclosureRef
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Reference 15: http://www.xbrl.org/2003/role/disclosureRef
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-Section 50
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-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482603/740-30-50-2

+ Details

Leases

12 Months Ended

Dec. 31, 2025

Leases [Abstract]

Leases

We have operating leases for office space, data centers and certain equipment. Our operating leases have lease terms of 1 year to 30 years, some of which may include options to extend the leases for up to 5 years, and some of which may include options to terminate the leases within 1 year. We also have a finance lease for office space that has a remaining lease term of 33 years. Operating lease costs recognized in our Consolidated Statements of Operations totaled $24.1 million, $22.8 million and $24.5 million in 2025, 2024 and 2023, respectively, including short-term lease costs of $6.5 million, $6.4 million and $3.5 million, respectively. Amortization of the right-of-use asset for our finance leases totaled $0.8 million for the years ended December 31, 2025, 2024 and 2023. Interest expense on the finance leases liability totaled $2.2 million for the years ended December 31, 2025 and 2024 and $2.1 million for the year ended December 31, 2023.

Other information related to our leases was as follows:


	As of December 31,
(in thousands, except lease term and discount rate)	2025			2024

Balance Sheet Information
Operating Leases
Right-of-use assets	$	95,975		$	90,136
Other current liabilities	18,974			18,087
Operating lease liabilities	85,885			79,399
Finance Leases
Property and equipment, at cost	28,321			28,321
Accumulated depreciation	(2,454)			(1,658)
Property and equipment, net	25,867			26,663

Other liabilities	31,462			31,021
Weighted Average Remaining Lease Term
Operating leases	10.20 years			7.37 years
Finance leases	32.50 years			33.50 years
Weighted Average Discount Rate
Operating leases	5.78		%	5.01		%
Finance leases	7.10		%	7.10		%


	For the years ended December 31,
(in thousands)	2025		2024		2023

Supplemental Cash Flows Information
Cash paid for amounts included in the measurement of lease liabilities
Operating cash flows from operating leases	$	23,083	$	22,014	$	24,114
Operating cash flows from finance leases	1,776		1,302		426
Financing cash flows from finance leases	—		—		—
Right-of-use assets obtained in exchange for operating lease obligations	30,315		13,486		6,789
Right-of-use assets obtained in exchange for finance lease obligations	—		—		—

Future minimum lease payments under non-cancellable leases as of December 31, 2025 were as follows:


(in thousands)	Operating Leases		Finance Leases

2026	$	25,315	$	1,824
2027	21,618		1,875
2028	16,291		1,926
2029	13,910		1,979
2030	7,553		2,034
Thereafter	63,447		86,111
Total future minimum lease payments	148,134		95,749
Less: Imputed interest	(43,275)		(64,287)
Total	$	104,859	$	31,462

Leases

Other information related to our leases was as follows:


	As of December 31,
(in thousands, except lease term and discount rate)	2025			2024

Balance Sheet Information
Operating Leases
Right-of-use assets	$	95,975		$	90,136
Other current liabilities	18,974			18,087
Operating lease liabilities	85,885			79,399
Finance Leases
Property and equipment, at cost	28,321			28,321
Accumulated depreciation	(2,454)			(1,658)
Property and equipment, net	25,867			26,663

Other liabilities	31,462			31,021
Weighted Average Remaining Lease Term
Operating leases	10.20 years			7.37 years
Finance leases	32.50 years			33.50 years
Weighted Average Discount Rate
Operating leases	5.78		%	5.01		%
Finance leases	7.10		%	7.10		%


	For the years ended December 31,
(in thousands)	2025		2024		2023

Supplemental Cash Flows Information
Cash paid for amounts included in the measurement of lease liabilities
Operating cash flows from operating leases	$	23,083	$	22,014	$	24,114
Operating cash flows from finance leases	1,776		1,302		426
Financing cash flows from finance leases	—		—		—
Right-of-use assets obtained in exchange for operating lease obligations	30,315		13,486		6,789
Right-of-use assets obtained in exchange for finance lease obligations	—		—		—

Future minimum lease payments under non-cancellable leases as of December 31, 2025 were as follows:


(in thousands)	Operating Leases		Finance Leases

2026	$	25,315	$	1,824
2027	21,618		1,875
2028	16,291		1,926
2029	13,910		1,979
2030	7,553		2,034
Thereafter	63,447		86,111
Total future minimum lease payments	148,134		95,749
Less: Imputed interest	(43,275)		(64,287)
Total	$	104,859	$	31,462

Insider Trading Policies and Procedures	12 Months Ended
Insider Trading Policies and Procedures	Dec. 31, 2025
Insider Trading Policies and Procedures [Line Items]
Insider Trading Policies and Procedures Adopted	true

Employee Benefit Plans - Schedule of Changes in Plan Assets and Benefit Obligations Recognized in Other Comprehensive Income (Loss) (Details) - Defined benefit plans - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023
Defined Benefit Plan Disclosure [Line Items]
Actuarial gain/(loss)	$ 13,389	$ (5)	$ 3,091
Amortization of actuarial loss and prior service cost	18	18	18
Total	$ 13,407	$ 13	$ 3,109

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

+ References

+ Details

- Definition

Amount, before tax, after reclassification adjustment, of (increase) decrease in accumulated other comprehensive income for defined benefit plan.

+ References + Details

Commitments and Contingencies	12 Months Ended
Commitments and Contingencies	Dec. 31, 2025
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Commitments and Contingencies In the ordinary course of business, we enter into contractual commitments for network affiliation agreements, the acquisition of programming and for other purchase and service agreements. Minimum payments on such contractual commitments at December 31, 2025 were: $783.9 million in 2026, $369.6 million in 2027, $165.6 million in 2028, $97.4 million in 2029, $31.2 million in 2030 and $6.9 million in later years. We expect these contracts will be replaced with similar contracts upon their expiration. We are involved in litigation arising in the ordinary course of business, such as defamation actions and governmental proceedings primarily relating to renewal of broadcast licenses, none of which is expected to result in material loss.

Segment Information - Schedule of Business Segments (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023
Segment Reporting Information [Line Items]
Total operating revenues	$ 2,150,585	$ 2,509,772	$ 2,292,912
Operating income (loss)	183,994	412,491	(753,242)
Restructuring costs	(9,828)	(33,525)	(38,612)
Depreciation and amortization of intangible assets	(150,832)	(155,228)	(155,105)
Gains (losses), net on disposal of property and equipment	31,587	18,424	(2,344)
Interest expense	(220,968)	(210,344)	(213,512)
Loss on extinguishment of debt	(12,998)	0	0
Impairment of goodwill	0	0	(952,000)
Other financing transaction costs	(44,537)	0	0
Defined benefit pension plan income (expense)	(1,284)	674	650
Miscellaneous, net	(23,709)	7,160	(1,407)
Income (loss) from operations before income taxes	(119,502)	209,981	(967,511)
Local Media
Segment Reporting Information [Line Items]
Employee compensation and benefits	420,728	437,345	435,916
Programming	545,852	521,615	493,578
Other segment items	185,396	202,140	181,297
Operating income (loss)	193,587	513,218	287,439
Scripps Networks
Segment Reporting Information [Line Items]
Employee compensation and benefits	86,756	120,862	124,669
Programming	327,712	354,281	360,684
Other segment items	152,905	170,491	182,096
Operating income (loss)	236,844	190,175	225,785
Operating segments
Segment Reporting Information [Line Items]
Total operating revenues	2,130,712	2,491,066	2,273,515
Total consolidated operating revenues	2,149,780	2,510,127	2,291,464
Operating income (loss)	430,431	703,393	513,224
Operating segments \| Local Media
Segment Reporting Information [Line Items]
Total operating revenues	1,326,495	1,655,257	1,380,281
Total consolidated operating revenues	1,345,563	1,674,318	1,398,230
Operating segments \| Scripps Networks
Segment Reporting Information [Line Items]
Total operating revenues	804,217	835,809	893,234
Total consolidated operating revenues	804,217	835,809	893,234
Operating segments \| Other
Segment Reporting Information [Line Items]
Total operating revenues	19,873	18,706	19,397
Operating income (loss)	(29,136)	(31,632)	(26,451)
Intersegment eliminations
Segment Reporting Information [Line Items]
Total operating revenues	(19,068)	(19,061)	(17,949)
Intersegment eliminations \| Local Media
Segment Reporting Information [Line Items]
Total operating revenues	(19,068)	(19,061)	(17,949)
Intersegment eliminations \| Scripps Networks
Segment Reporting Information [Line Items]
Total operating revenues	0	0	0
Shared services and corporate
Segment Reporting Information [Line Items]
Shared services and corporate	$ (88,228)	$ (88,941)	$ (91,954)

Summary of Significant Accounting Policies - Schedule of Components of Basic and Diluted Weighted-average Shares (Details) - USD ($) shares in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023
Numerator (for basic and diluted earnings per share)
Net income (loss)	$ (100,877)	$ 146,218	$ (947,784)
Less income allocated to RSUs, basic	0	(709)	0
Less income allocated to RSUs, diluted	0	(709)	0
Less preferred stock dividends	63,583	58,615	50,305
Numerator for basic earnings per share	(164,460)	86,894	(998,089)
Numerator for diluted earnings per share	$ (164,460)	$ 86,894	$ (998,089)
Denominator
Basic weighted-average shares outstanding (in shares)	88,024	85,738	84,266
Effect of dilutive securities (in shares)	0	329	0
Diluted weighted-average shares outstanding (in shares)	88,024	86,067	84,266

Supplemental Cash Flow Information (Tables)

12 Months Ended

Dec. 31, 2025

Supplemental Cash Flow Elements [Abstract]

Schedule of Change In Certain Working Capital Accounts

The following table presents additional information about the change in certain working capital accounts:


	For the years ended December 31,
(in thousands)	2025		2024		2023

Accounts receivable	$	(5,581)	$	42,348	$	(10,443)
Other current assets	(9,285)		(7,737)		(4,630)
Accounts payable	(27,756)		13,175		(3,536)
Unearned revenue	4,089		5,978		(6,002)
Accrued employee compensation and benefits	(24,160)		17,535		15,726
Accrued taxes	1,397		(2,677)		2,976
Accrued interest	22,384		(623)		943
Other accrued liabilities	1,091		(6,902)		(13,509)
Other, net	246		(2,199)		2,200
Total	$	(37,575)	$	58,898	$	(16,275)

Property and Equipment (Tables)

12 Months Ended

Dec. 31, 2025

Property, Plant and Equipment [Abstract]

Summary of Property and Equipment

We compute depreciation using the straight-line method over estimated useful lives as follows:


Buildings and improvements			15 to 45 years
Leasehold improvements			Shorter of term of lease or useful life
Broadcast transmission towers and related equipment			15 to 35 years
Other broadcast and program production equipment			3 to 15 years
Computer hardware			3 to 5 years
Office and other equipment			3 to 10 years

Property and equipment consisted of the following:


	As of December 31,
(in thousands)	2025		2024

Land and improvements	$	57,354	$	65,212
Buildings and improvements	258,375		275,844
Equipment	639,906		646,684
Computer software	31,928		33,389
Total	987,563		1,021,129
Accumulated depreciation	(579,597)		(567,229)
Net property and equipment	$	407,966	$	453,900

Capital Stock and Share-Based Compensation Plans - Schedule of Stock Compensation Costs (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023
Share-Based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Share-based compensation, net of tax	$ 13,797	$ 11,492	$ 15,560
Restricted stock units
Share-Based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Total share-based compensation	$ 18,199	$ 15,177	$ 20,490

Summary of Significant Accounting Policies - Estimated Useful Lives of Property and Equipment (Details)	Dec. 31, 2025
Buildings and improvements \| Minimum
Property, Plant and Equipment [Line Items]
Useful life of property and equipment	15 years
Buildings and improvements \| Maximum
Property, Plant and Equipment [Line Items]
Useful life of property and equipment	45 years
Broadcast transmission towers and related equipment \| Minimum
Property, Plant and Equipment [Line Items]
Useful life of property and equipment	15 years
Broadcast transmission towers and related equipment \| Maximum
Property, Plant and Equipment [Line Items]
Useful life of property and equipment	35 years
Other broadcast and program production equipment \| Minimum
Property, Plant and Equipment [Line Items]
Useful life of property and equipment	3 years
Other broadcast and program production equipment \| Maximum
Property, Plant and Equipment [Line Items]
Useful life of property and equipment	15 years
Computer hardware \| Minimum
Property, Plant and Equipment [Line Items]
Useful life of property and equipment	3 years
Computer hardware \| Maximum
Property, Plant and Equipment [Line Items]
Useful life of property and equipment	5 years
Office and other equipment \| Minimum
Property, Plant and Equipment [Line Items]
Useful life of property and equipment	3 years
Office and other equipment \| Maximum
Property, Plant and Equipment [Line Items]
Useful life of property and equipment	10 years

Capital Stock and Share-Based Compensation Plans

12 Months Ended

Dec. 31, 2025

Equity [Abstract]

Capital Stock and Share-Based Compensation Plans

Capital Stock — We have two classes of common shares, Common Voting shares and Class A Common shares. The Class A Common shares are only entitled to vote on the election of the greater of three or one-third of the directors and other matters as required by Ohio law.

On January 7, 2021, we issued 6,000 shares of Series A preferred stock, having a face value of $100,000 per share. The preferred shares are perpetual and will be redeemable at the option of the Company beginning on the fifth anniversary of issuance, and redeemable at the option of the holders in the event of a Change of Control (as defined in the terms of the preferred shares), in each case at a redemption price of 105% of the face value, plus accrued and unpaid dividends (whether or not declared). In 2023, the dividend rate for the preferred shares was 8% per annum and preferred stock dividends declared and paid were $48.0 million. As of June 30, 2023, we had transitioned into an accumulated deficit position. As a result, dividends declared after June 30, 2023 have been recognized as a reduction to additional paid-in-capital.

Following our election to defer the first quarter 2024 dividend payment, the dividend rate on the preferred shares increased to 9% per annum and will continue at that rate for the remaining period of time that the preferred shares are outstanding. We did not declare or provide payment for the preferred stock dividend in any of the 2025 or 2024 quarters. As of December 31, 2025, aggregated undeclared and unpaid cumulative dividends totaled $117 million and the redemption value of the preferred stock totaled $750 million.

Class A Common Shares Stock Warrant — In connection with the issuance of the preferred shares, Berkshire Hathaway, Inc. ("Berkshire Hathaway") also received a warrant to purchase up to 23.1 million Class A shares, at an exercise price of $13 per share. The warrant is exercisable at the holder’s option at any time or from time to time, in whole or in part, until the first anniversary of the date on which no preferred shares remain outstanding.

Share Repurchase Plan — Shares may be repurchased from time to time at management's discretion. Shares can be repurchased under the authorization via open market purchases or privately negotiated transactions, including accelerated stock repurchase transactions, block trades, or pursuant to trades intending to comply with Rule 10b5-1 of the Securities Exchange Act of 1934. Under the terms of the preferred shares, we are prohibited from paying dividends on and repurchasing our common shares until all preferred shares are redeemed. No shares were repurchased during 2025, 2024 or 2023.

Shareholder Rights Plan — In November 2025, our Board of Directors approved a limited-duration shareholder rights plan and declared a dividend of one right for each outstanding Class A Common share and Common Voting share of the Company to shareholders of record on December 8, 2025. Initially, the rights are not exercisable and will trade with the Class A Common shares and Common Voting shares, respectively. The rights plan expires on November 26, 2026.

In general, the rights become exercisable following a public announcement that a person acquires 10% or more of the outstanding Class A Common shares of stock. If the rights are exercised, each holder (except the acquiring person) will have the right to purchase, at the exercise price, additional Class A Common shares at a 50% discount to the then-current market price. In addition, if Scripps is acquired in a merger or other business combination after an unapproved party acquires more than 10% of the outstanding Class A Common shares, each holder of a right would then be entitled to purchase, at the then-current exercise price, shares of the acquiring company’s stock at a 50% discount. The plan also provides for exceptions and additional terms for other certain situations and circumstances. There is currently no impact to our Consolidated Financial Statements.

Incentive Plans — The Company has a long-term incentive plan (the “Plan”) that permits the granting of incentive and nonqualified stock options, stock appreciation rights, restricted stock units ("RSUs"), restricted and unrestricted Class A Common shares and performance units to key employees and non-employee directors.

We satisfy stock option exercises and vested stock awards with newly issued shares. We have not issued any new stock options since 2008. As of December 31, 2025, approximately 10.9 million shares were available for future stock compensation awards.

Restricted Stock Units — Awards of RSUs generally require no payment by the employee. RSUs are converted into an equal number of Class A Common shares when vested. These awards generally vest over a three or four year period, conditioned upon the individual’s continued employment through that period. Awards vest immediately upon the retirement, death or disability of the employee or upon a change in control of Scripps or in the business in which the individual is employed. Unvested awards may be forfeited if employment is terminated for other reasons. Awards are nontransferable during the vesting period, but the awards are entitled to all the rights of an outstanding share, including receiving stock dividend equivalents. There are no post-vesting restrictions on awards granted to employees and non-employee directors.

Long-term incentive compensation includes performance share awards. Performance share awards represent the right to receive an award of RSUs if certain performance measures are met. Each award specifies a target number of shares to be issued and the specific performance criteria that must be met. The number of shares that an employee receives may be less or more than the target number of shares depending on the extent to which the specified performance measures are met or exceeded.

The following table summarizes our RSU activity:


		Fair Value
	Number of Shares	Weighted Average		Range of Prices

Unvested at December 31, 2022	3,048,285	$	18.57	$ 9-23
Awarded	1,938,617	8.46		7-8
Vested	(1,224,417)	11.61		5-15
Forfeited	(46,570)	15.26		8-23
Unvested at December 31, 2023	3,715,915	13.11		7-23
Awarded	2,204,557	3.90		4-8
Vested	(1,541,364)	3.87		2-9
Forfeited	(77,195)	8.51		4-23
Unvested at December 31, 2024	4,301,913	8.22		4-23
Awarded	16,520,691	1.66		2-2
Vested	(2,544,086)	2.20		1-5
Forfeited	(261,026)	2.52		2-22
Unvested at December 31, 2025	18,017,492	2.46		2-22

The following table summarizes additional information about RSU vesting:


	For the years ended December 31,
(in thousands)	2025		2024		2023

Fair value of RSUs vested	$	5,597	$	5,929	$	14,171
Tax benefits realized on vesting	1,354		1,440		3,409

Share-based Compensation Costs

Share-based compensation costs were as follows:


	For the years ended December 31,
(in thousands)	2025		2024		2023

Total share-based compensation	$	18,199	$	15,177	$	20,490


Share-based compensation, net of tax	13,797		11,492		15,560

As of December 31, 2025, $20.4 million of total unrecognized compensation costs related to RSUs and performance shares is expected to be recognized over a weighted-average period of 1.7 years.

Employee Benefit Plans - Schedule of Annual Retirement Plan Expense Assumptions (Details)	12 Months Ended
	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023
Retirement Benefits [Abstract]
Discount rate	5.67%	5.18%	5.47%
Long-term rate of return on plan assets	5.50%	5.50%	5.50%

Summary of Significant Accounting Policies - Narrative (Details) - USD ($) shares in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023
Summary of Significant Accounting Policies [Line Items]
Unearned revenue	$ 22,200	$ 18,200
Unearned revenue recognized during the year	15,500
Programming assets, amortization expense, next twelve months	122,500
Programming assets, amortization expense, year two	80,500
Programming assets, amortization expense, year three	40,600
Programming assets, amortization expense, year four	21,500
Programming assets, amortization expense, year five	5,500
Programming assets, amortization expense, thereafter	2,400
Deferred FCC repack income	30,816	37,733
Estimated liabilities for unpaid claims	$ 10,700	$ 10,200
Antidilutive securities excluded from computation of earnings per share, performance criteria not met, shares	4,900	420,000	420,000
Anti-dilutive securities (in shares)	13,100	1,200	3,300
Television network affiliation relationships
Summary of Significant Accounting Policies [Line Items]
Estimated useful life	20 years
Customer lists and advertiser relationships
Summary of Significant Accounting Policies [Line Items]
Estimated useful life	20 years
FCC licenses \| Maximum
Summary of Significant Accounting Policies [Line Items]
FCC license term	8 years
Advertising \| Advertising \| Revenue Benchmark
Summary of Significant Accounting Policies [Line Items]
Concentration risk, percentage	63.00%
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2026-01-01
Summary of Significant Accounting Policies [Line Items]
Expected period of revenue recognition	12 months

Employee Benefit Plans - Narrative (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023
Defined Benefit Plan Disclosure [Line Items]
Estimated future benefit payments expected to be paid in 2026	$ 34,600
Estimated future benefit payments expected to be paid in 2027	34,600
Estimated future benefit payments expected to be paid in 2028	34,800
Estimated future benefit payments expected to be paid in 2029	34,800
Estimated future benefit payments expected to be paid in 2030	34,500
Total estimated future benefit payments expected to be paid for the five years ending 2035	$ 165,600
Target plan asset allocations range	100.00%
Fixed-income securities
Defined Benefit Plan Disclosure [Line Items]
Target plan asset allocations range	55.00%
Equity and other return-seeking assets
Defined Benefit Plan Disclosure [Line Items]
Target plan asset allocations range	45.00%
SERPs
Defined Benefit Plan Disclosure [Line Items]
Amortization of actuarial losses	$ 200	$ 200	$ 100
Current year actuarial gain (loss)	(200)	200	(500)
Expected contributions to benefit plans	1,300
Defined benefit plans
Defined Benefit Plan Disclosure [Line Items]
Current year actuarial gain (loss)	(13,389)	$ 5	$ (3,091)
Expected contributions to benefit plans	$ 4,400

Insider Trading Arrangements	3 Months Ended
Insider Trading Arrangements	Dec. 31, 2025
Trading Arrangements, by Individual
Rule 10b5-1 Arrangement Adopted	false
Non-Rule 10b5-1 Arrangement Adopted	false
Rule 10b5-1 Arrangement Terminated	false
Non-Rule 10b5-1 Arrangement Terminated	false

Investments - Narrative (Details) - USD ($) $ in Thousands		3 Months Ended	12 Months Ended
Investments - Narrative (Details) - USD ($) $ in Thousands	Feb. 09, 2024	Dec. 31, 2024	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023
Gain (Loss) on Securities [Line Items]
Proceeds from sale of investments			$ 263	$ 19,985	$ 0
Broadcast Music, Inc.
Gain (Loss) on Securities [Line Items]
Proceeds from sale of investments	$ 18,100
Misfits
Gain (Loss) on Securities [Line Items]
Investment impairment loss		$ 15,000
Edge Beam Wireless, LLC
Gain (Loss) on Securities [Line Items]
Contributions to equity method investment			$ 6,400

Employee Benefit Plans - Schedule of Plan Assets by Fair Value Hierarchy (Details) - Estimate of fair value - USD ($) $ in Thousands	Dec. 31, 2025	Dec. 31, 2024
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Fair value of plan assets	$ 360,636	$ 355,180
Equity securities, Common/collective trust funds
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Fair value of plan assets	165,005	159,893
Fixed income, Common/collective trust funds
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Fair value of plan assets	192,873	192,571
Receivables for investment sold
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Fair value of plan assets	$ 2,758	$ 2,716

- Definition

Amount of asset segregated and restricted to provide benefit under defined benefit plan. Asset includes, but is not limited to, stock, bond, other investment, earning from investment, and contribution by employer and employee.

+ References

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+ Details

Employee Benefit Plans - Defined Benefit Plan Obligations Assumptions (Details)	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023
Weighted average discount rate
Defined Benefit Plan Disclosure [Line Items]
Weighted average discount rate	5.47%	5.67%	5.18%

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

+ References

+ Details

Segment Information - Other Segment Disclosure (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023
Segment Reporting Information [Line Items]
Total depreciation	$ 58,850	$ 61,992	$ 60,725
Total amortization of intangible assets	91,982	93,236	94,380
Total additions to property and equipment	43,312	65,477	62,503
Operating segments
Segment Reporting Information [Line Items]
Total depreciation	57,154	60,850	59,242
Total amortization of intangible assets	85,545	86,666	88,358
Total additions to property and equipment	41,529	57,873	60,898
Shared services and corporate
Segment Reporting Information [Line Items]
Total depreciation	1,472	899	1,299
Total amortization of intangible assets	5,578	4,793	4,227
Intersegment eliminations
Segment Reporting Information [Line Items]
Total additions to property and equipment	1,021	6,645	1,530
Local Media \| Operating segments
Segment Reporting Information [Line Items]
Total depreciation	37,487	41,651	39,642
Total amortization of intangible assets	32,738	34,762	36,322
Total additions to property and equipment	36,719	45,778	55,244
Scripps Networks \| Operating segments
Segment Reporting Information [Line Items]
Total depreciation	19,667	19,199	19,600
Total amortization of intangible assets	52,807	51,904	52,036
Total additions to property and equipment	4,810	12,095	5,654
Other \| Operating segments
Segment Reporting Information [Line Items]
Total depreciation	224	243	184
Total amortization of intangible assets	859	1,777	1,795
Total additions to property and equipment	$ 762	$ 959	$ 75

Summary of Significant Accounting Policies (Tables)

12 Months Ended

Dec. 31, 2025

Accounting Policies [Abstract]

Schedule of Allowance For Doubtful Accounts

A rollforward of the allowance for doubtful accounts is as follows:


(in thousands)

January 1, 2023	$	4,963
Charged to costs and expenses	14,786
Amounts charged off, net	(14,708)
Balance as of December 31, 2023	5,041
Charged to costs and expenses	15,875
Amounts charged off, net	(13,467)
Balance as of December 31, 2024	7,449
Charged to costs and expenses	6,044
Amounts charged off, net	(7,584)
Balance as of December 31, 2025	$	5,909

Estimated Useful Lives of Property and Equipment

We compute depreciation using the straight-line method over estimated useful lives as follows:


Buildings and improvements			15 to 45 years
Leasehold improvements			Shorter of term of lease or useful life
Broadcast transmission towers and related equipment			15 to 35 years
Other broadcast and program production equipment			3 to 15 years
Computer hardware			3 to 5 years
Office and other equipment			3 to 10 years

Property and equipment consisted of the following:


	As of December 31,
(in thousands)	2025		2024

Land and improvements	$	57,354	$	65,212
Buildings and improvements	258,375		275,844
Equipment	639,906		646,684
Computer software	31,928		33,389
Total	987,563		1,021,129
Accumulated depreciation	(579,597)		(567,229)
Net property and equipment	$	407,966	$	453,900

Schedule of Components of Basic and Diluted Weighted-average Shares

The following table presents information about basic and diluted weighted-average shares outstanding:


	For the years ended December 31,
(in thousands)	2025		2024		2023

Numerator (for basic and diluted earnings per share)
Net income (loss)	$	(100,877)	$	146,218	$	(947,784)

Less income allocated to RSUs	—		(709)		—
Less preferred stock dividends	(63,583)		(58,615)		(50,305)
Numerator for basic and diluted earnings per share	$	(164,460)	$	86,894	$	(998,089)
Denominator
Basic weighted-average shares outstanding	88,024		85,738		84,266


Effect of dilutive securities	—		329		—
Diluted weighted-average shares outstanding	88,024		86,067		84,266

Accumulated Other Comprehensive Income (Loss)

12 Months Ended

Dec. 31, 2025

Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]

Accumulated Other Comprehensive Income (Loss)

Changes in the accumulated other comprehensive income (loss) ("AOCI") balance by component consisted of the following for the respective years:


(in thousands)	Defined Benefit Pension Items		Other		Total

As of December 31, 2023	$	(75,247)	$	(263)	$	(75,510)
Other comprehensive income (loss) before reclassifications, net of tax of $55 and $(28)	170		(86)		84
Amounts reclassified from AOCI, net of tax of $38	120		—		120
Net current-period other comprehensive income (loss)	290		(86)		204

As of December 31, 2024	(74,957)		(349)		(75,306)
Other comprehensive income (loss) before reclassifications, net of tax of $3,201 and $235	10,033		738		10,771
Amounts reclassified from AOCI, net of tax of $36	112		—		112
Net current-period other comprehensive income (loss)	10,145		738		10,883
As of December 31, 2025	$	(64,812)	$	389	$	(64,423)

Amounts reclassified to net earnings for defined benefit pension items relate to the amortization of actuarial gains (losses) and settlement charges. These amounts are included within the defined benefit pension plan expense caption on our Consolidated Statements of Operations. See Note 13. Employee Benefit Plans for additional information.

Supplemental Cash Flow Information

12 Months Ended

Dec. 31, 2025

Supplemental Cash Flow Elements [Abstract]

Supplemental Cash Flow Information

The following table presents additional information about the change in certain working capital accounts:


	For the years ended December 31,
(in thousands)	2025		2024		2023

Accounts receivable	$	(5,581)	$	42,348	$	(10,443)
Other current assets	(9,285)		(7,737)		(4,630)
Accounts payable	(27,756)		13,175		(3,536)
Unearned revenue	4,089		5,978		(6,002)
Accrued employee compensation and benefits	(24,160)		17,535		15,726
Accrued taxes	1,397		(2,677)		2,976
Accrued interest	22,384		(623)		943
Other accrued liabilities	1,091		(6,902)		(13,509)
Other, net	246		(2,199)		2,200
Total	$	(37,575)	$	58,898	$	(16,275)

Assets Held for Sale - Narrative (Details) $ in Millions	Feb. 09, 2026 USD ($)	Oct. 31, 2025 USD ($)	Sep. 03, 2025 USD ($)	Jul. 07, 2025 station
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Number of markets included in pending transaction \| station				5
Disposal Group, Held-for-sale, Not Discontinued Operations \| WFTX
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Expected consideration			$ 40.0
Disposal Group, Held-for-sale, Not Discontinued Operations \| WRTV, Indianapolis, Indiana Station
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Expected consideration		$ 83.0
Disposal Group, Held-for-sale, Not Discontinued Operations \| Court TV \| Subsequent Event
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Non-cash loss provision	$ 19.5
Distribution agreement term (in years)	3 years

Employee Benefit Plans - Schedule of Defined Benefit Plans (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023
Defined benefit plans
Change in projected benefit obligation:
Projected benefit obligation at beginning of year	$ 415,121	$ 448,993
Interest cost	22,531	22,444	$ 23,579
Benefits paid	(35,911)	(37,828)
Actuarial (gains)/losses	5,743	(18,488)
Projected benefit obligation at end of year	407,484	415,121	448,993
Plan assets:
Fair value at beginning of year	355,180	387,429
Actual return on plan assets	41,367	5,579
Company contributions	0	0
Benefits paid	(35,911)	(37,828)
Fair value at end of year	360,636	355,180	387,429
Funded status	(46,848)	(59,941)
Amounts recognized in Consolidated Balance Sheets:
Current liabilities	0	0
Noncurrent liabilities	(46,848)	(59,941)
Total	(46,848)	(59,941)
Amounts recognized in accumulated other comprehensive loss consist of:
Net actuarial loss	82,409	95,798
Prior service cost	298	316
SERPs
Change in projected benefit obligation:
Projected benefit obligation at beginning of year	12,738	13,437
Interest cost	681	662
Benefits paid	(1,411)	(1,131)
Actuarial (gains)/losses	155	(230)
Projected benefit obligation at end of year	12,163	12,738	13,437
Plan assets:
Fair value at beginning of year	0	0
Actual return on plan assets	0	0
Company contributions	1,411	1,131
Benefits paid	(1,411)	(1,131)
Fair value at end of year	0	0	$ 0
Funded status	(12,163)	(12,738)
Amounts recognized in Consolidated Balance Sheets:
Current liabilities	(1,279)	(1,468)
Noncurrent liabilities	(10,884)	(11,270)
Total	(12,163)	(12,738)
Amounts recognized in accumulated other comprehensive loss consist of:
Net actuarial loss	3,493	3,468
Prior service cost	$ 0	$ 0

Capital Stock and Share-Based Compensation Plans - Narrative (Details)		1 Months Ended	12 Months Ended
	Jan. 07, 2021 $ / shares shares	Nov. 30, 2025 shares	Dec. 31, 2025 USD ($) director classOfCommonShare shares	Dec. 31, 2024 USD ($)	Dec. 31, 2023 USD ($)	Jun. 30, 2025 $ / shares	Mar. 31, 2024
Class of Stock [Line Items]
Classes of common shares \| classOfCommonShare			2
Number of directors as a percentage			33.33%
Share price \| $ / shares						$ 2.94
Undeclared cumulative dividends			$ 117,000,000
Redemption value of preferred stock			$ 750,000,000
Number of shares available for future stock compensation grants \| shares			10,900,000
Restricted stock units
Class of Stock [Line Items]
Total unrecognized compensation cost related to restricted stock, RSUs and performance shares			$ 20,400,000
Weighted-average period of recognition, years			1 year 8 months 12 days
Preferred Stock \| Berkshire Hathaway \| ION Media
Class of Stock [Line Items]
Number of shares purchased \| shares	6,000
Share price \| $ / shares	$ 100,000
Preferred stock, redemption price, percent	105.00%
Preferred stock, dividend rate, percentage					8.00%
Preferred stock dividends					$ 48,000,000.0
Dividend rate if previous dividends are not paid in cash, as a percentage							9.00%
Number of warrants \| shares	23,100,000
Exercise price of warrants \| $ / shares	$ 13
Common stock, Class A
Class of Stock [Line Items]
Stock repurchased during period, value			$ 0	$ 0	$ 0
Number of rights issued for each share of common stock owned \| shares		1
Exercisable stock rights, threshold percentage		10.00%
Exercisable stock rights, discount on common stock (as a percent)		50.00%
Minimum \| Restricted stock units
Class of Stock [Line Items]
Vesting period of stock options			3 years
Maximum
Class of Stock [Line Items]
Minimum number of directors up for election, on which common shareholders entitled to vote \| director			3
Maximum \| Restricted stock units
Class of Stock [Line Items]
Vesting period of stock options			4 years

Employee Benefit Plans - Schedule of Pension Plans With an Accumulated Benefit Obligation and Projected Benefit Obligation in Excess of Plan Assets (Details) - USD ($) $ in Thousands	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023
Defined benefit plans
Defined Benefit Plan Disclosure [Line Items]
Accumulated benefit obligation	$ 407,484	$ 415,121
Projected benefit obligation	407,484	415,121	$ 448,993
Fair value of plan assets	360,636	355,180	387,429
SERPs
Defined Benefit Plan Disclosure [Line Items]
Accumulated benefit obligation	12,163	12,738
Projected benefit obligation	12,163	12,738	13,437
Fair value of plan assets	$ 0	$ 0	$ 0

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

Segment Information

12 Months Ended

Dec. 31, 2025

Segment Reporting [Abstract]

Segment Information

We determine our operating segments based upon our management and internal reporting structure, as well as the basis that our chief operating decision maker makes resource allocation decisions.

Our Local Media segment includes more than 60 local television stations and their related digital operations. It is comprised of 18 ABC affiliates, 11 NBC affiliates, nine CBS affiliates and four FOX affiliates. We also have 12 independent stations and 10 additional low power stations. Our Local Media segment earns revenue primarily from the sale of advertising to local, national and political advertisers and retransmission fees received from cable operators, telecommunication companies, satellite carriers and over-the-top virtual MVPDs.

Our Scripps Networks segment includes national news outlets Scripps News and Court TV as well as popular entertainment brands ION, Bounce, Grit, ION Mystery, ION Plus and Laff. The Scripps Networks reach nearly every U.S. television home through free over-the-air broadcast, cable/satellite, connected TV and/or digital distribution. These operations earn revenue primarily through the sale of advertising.

Our segment results reflect the impact of intercompany carriage agreements between our local broadcast television stations and our national networks. The intercompany carriage fee revenue earned by our local broadcast television stations is equal to the carriage fee expense incurred by our national networks. We also allocate a portion of certain corporate costs and expenses, including accounting, human resources, employee benefit and information technology to our segments. These intercompany agreements and allocations are generally amounts agreed upon by management, which may differ from an arms-length amount.

The other segment caption aggregates our operating segments that are too small to report separately. Costs for centrally provided services and certain corporate costs that are not allocated to the segments are included in shared services and corporate costs. These unallocated corporate costs would also include the costs associated with being a public company. Corporate assets are primarily cash and cash equivalents, property and equipment primarily used for corporate purposes and deferred income taxes.

Our President and Chief Executive Officer is the Company's chief operating decision maker. He evaluates the monthly operating performance of our segments, including budget-to-actual variances, and makes decisions about the allocation of resources to our segments using a measure called segment profit. Segment profit excludes interest, defined benefit pension plan amounts, income taxes, depreciation and amortization, impairment charges, divested operating units, restructuring activities, investment results and certain other items that are included in net income (loss) determined in accordance with accounting principles generally accepted in the United States of America.

Information regarding our segments is as follows:


	For the year ended December 31, 2025
(in thousands)	Local Media		Scripps Networks		Total

Revenues from external customers	$	1,326,495	$	804,217	$	2,130,712
Intersegment revenues	19,068		—		19,068
Reportable segments revenues	1,345,563		804,217		2,149,780
Other revenues(a)					19,873
Intersegment eliminations					(19,068)
Total consolidated operating revenues					$	2,150,585
Less:(b)
Employee compensation and benefits	420,728		86,756
Programming(c)	545,852		327,712
Other segment items(d)	185,396		152,905
Segment profit for reportable segments	193,587		236,844		$	430,431
Other segment profit (loss)(a)					(29,136)
Shared services and corporate					(88,228)
Restructuring costs					(9,828)
Depreciation and amortization of intangible assets					(150,832)

Gains (losses), net on disposal of property and equipment					31,587
Interest expense					(220,968)
Loss on extinguishment of debt					(12,998)
Other financing transaction costs					(44,537)
Defined benefit pension plan income (expense)					(1,284)
Miscellaneous, net					(23,709)
Income (loss) from operations before income taxes					$	(119,502)

(a) Reflects revenues and profit (loss) from operating segments below the reportable quantitative thresholds. These operating segments include our Tablo business, the Scripps National Spelling Bee and operational aspects of the Scripps News and Scripps Sports business units. None of these operating segments have ever met any of the quantitative thresholds for determining reportable segments.

(b) The significant expense categories and amounts align with the segment-level information that is regularly provided to the chief operating decision maker.

(d) Other segment items for each reportable segment includes marketing and advertising expenses, research costs, certain occupancy costs and other administrative costs.


	For the year ended December 31, 2024
(in thousands)	Local Media		Scripps Networks		Total

Revenues from external customers	$	1,655,257	$	835,809	$	2,491,066
Intersegment revenues	19,061		—		19,061
Reportable segments revenues	1,674,318		835,809		2,510,127
Other revenues(a)					18,706
Intersegment eliminations					(19,061)
Total consolidated operating revenues					$	2,509,772
Less:(b)
Employee compensation and benefits	437,345		120,862
Programming(c)	521,615		354,281
Other segment items(d)	202,140		170,491
Segment profit for reportable segments	513,218		190,175		$	703,393
Other segment profit (loss)(a)					(31,632)
Shared services and corporate					(88,941)
Restructuring costs					(33,525)
Depreciation and amortization of intangible assets					(155,228)

Gains (losses), net on disposal of property and equipment					18,424
Interest expense					(210,344)
Defined benefit pension plan income (expense)					674
Miscellaneous, net					7,160
Income (loss) from operations before income taxes					$	209,981


	For the year ended December 31, 2023
(in thousands)	Local Media		Scripps Networks		Total

Revenues from external customers	$	1,380,281	$	893,234	$	2,273,515
Intersegment revenues	17,949		—		17,949
Reportable segments revenues	1,398,230		893,234		2,291,464
Other revenues(a)					19,397
Intersegment eliminations					(17,949)
Total consolidated operating revenues					$	2,292,912
Less:(b)
Employee compensation and benefits	435,916		124,669
Programming(c)	493,578		360,684
Other segment items(d)	181,297		182,096
Segment profit for reportable segments	287,439		225,785		$	513,224
Other segment profit (loss)(a)					(26,451)
Shared services and corporate					(91,954)
Restructuring costs					(38,612)

Depreciation and amortization of intangible assets					(155,105)
Impairment of goodwill					(952,000)
Gains (losses), net on disposal of property and equipment					(2,344)
Interest expense					(213,512)

Defined benefit pension plan income (expense)					650
Miscellaneous, net					(1,407)
Income (loss) from operations before income taxes					$	(967,511)

(b) The significant expense categories and amounts align with the segment-level information that is regularly provided to the chief operating decision maker.

(d) Other segment items for each reportable segment includes marketing and advertising expenses, research costs, certain occupancy costs and other administrative costs.

Other segment disclosures are as follows:


	For the years ended December 31,
(in thousands)	2025		2024		2023

Depreciation:
Local Media	$	37,487	$	41,651	$	39,642
Scripps Networks	19,667		19,199		19,600
Total depreciation for reportable segments	57,154		60,850		59,242
Other	224		243		184
Shared services and corporate	1,472		899		1,299
Total depreciation	$	58,850	$	61,992	$	60,725
Amortization of intangible assets:
Local Media	$	32,738	$	34,762	$	36,322
Scripps Networks	52,807		51,904		52,036
Total amortization of intangible assets for reportable segments	85,545		86,666		88,358
Other	859		1,777		1,795
Shared services and corporate	5,578		4,793		4,227
Total amortization of intangible assets	$	91,982	$	93,236	$	94,380
Additions to property and equipment:
Local Media	$	36,719	$	45,778	$	55,244
Scripps Networks	4,810		12,095		5,654
Total additions to property and equipment for reportable segments	41,529		57,873		60,898
Other	762		959		75
Shared services and corporate	1,021		6,645		1,530
Total additions to property and equipment	$	43,312	$	65,477	$	62,503

A disaggregation of the principal activities from which we generate revenue is as follows:


	For the years ended December 31,
(in thousands)	2025		2024		2023

Operating revenues:
Core advertising	$	1,332,495	$	1,330,191	$	1,444,539
Political	21,874		362,523		33,460
Distribution	758,679		784,573		779,217
Other	37,537		32,485		35,696
Total operating revenues	$	2,150,585	$	2,509,772	$	2,292,912

Total assets by segment for the years ended December 31 were as follows:


	As of December 31,
(in thousands)	2025		2024

Assets:
Local Media	$	2,297,873	$	2,323,964
Scripps Networks	2,567,155		2,753,971
Total assets by reportable segments	4,865,028		5,077,935
Other(a)	32,759		34,800
Shared services and corporate	110,841		85,840


Total assets	$	5,008,628	$	5,198,575

(a) Reflects assets of operating segments below the reportable quantitative thresholds. These operating segments include our Tablo business, the Scripps National Spelling Bee and operational aspects of the Scripps News and Scripps Sports business units.

- Definition

The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments.

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+ Details

Consolidated Statements of Comprehensive Income (Loss) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023
Statement of Comprehensive Income [Abstract]
Net income (loss)	$ (100,877)	$ 146,218	$ (947,784)
Changes in defined benefit pension plans, net of tax of $3,237, $93, and $658	10,145	290	2,080
Other, net of tax of $235, $(28) and $(38)	738	(86)	(119)
Total comprehensive income (loss) attributable to preferred and common stockholders	$ (89,994)	$ 146,422	$ (945,823)

- Definition

Amount after tax of increase (decrease) in equity from transactions and other events and circumstances from net income and other comprehensive income, attributable to parent entity. Excludes changes in equity resulting from investments by owners and distributions to owners.

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- Definition

The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.

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Reference 29: http://www.xbrl.org/2003/role/disclosureRef
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Reference 30: http://www.xbrl.org/2003/role/disclosureRef
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Reference 31: http://www.xbrl.org/2003/role/disclosureRef
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Reference 32: http://www.xbrl.org/2003/role/disclosureRef
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Reference 33: http://www.xbrl.org/2003/role/disclosureRef
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Reference 34: http://www.xbrl.org/2009/role/commonPracticeRef
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Reference 35: http://www.xbrl.org/2003/role/disclosureRef
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Reference 36: http://www.xbrl.org/2003/role/disclosureRef
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Reference 37: http://www.xbrl.org/2003/role/disclosureRef
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Reference 38: http://www.xbrl.org/2003/role/disclosureRef
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Reference 46: http://www.xbrl.org/2003/role/disclosureRef
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Reference 48: http://www.xbrl.org/2003/role/disclosureRef
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+ Details

Leases - Schedule of Operating Lease Maturity Schedule (Details) $ in Thousands	Dec. 31, 2025 USD ($)
Operating Leases
2026	$ 25,315
2027	21,618
2028	16,291
2029	13,910
2030	7,553
Thereafter	63,447
Total future minimum lease payments	148,134
Less: Imputed interest	(43,275)
Total	104,859
Finance Leases
2026	1,824
2027	1,875
2028	1,926
2029	1,979
2030	2,034
Thereafter	86,111
Total future minimum lease payments	95,749
Less: Imputed interest	(64,287)
Total	$ 31,462

Consolidated Balance Sheets - USD ($) $ in Thousands	Dec. 31, 2025	Dec. 31, 2024
Current assets:
Cash and cash equivalents	$ 27,923	$ 23,852
Accounts receivable (less allowances — $5,909 and $7,449)	569,307	568,193
Miscellaneous	47,255	37,970
Assets held for sale	4,467
Disposal Group, Including Discontinued Operation, Assets	102,933	0
Total current assets	747,418	630,015
Investments	14,369	8,884
Property and equipment	407,966	453,900
Operating lease right-of-use assets	95,975	90,136
Goodwill	1,918,334	1,968,574
Other intangible assets	1,517,776	1,635,488
Programming	280,359	402,459
Miscellaneous	26,431	9,119
Total Assets	5,008,628	5,198,575
Current liabilities:
Accounts payable	63,420	100,669
Unearned revenue	22,166	18,159
Current portion of long-term debt	8,854	15,612
Accrued liabilities:
Employee compensation and benefits	55,657	81,462
Accrued taxes	34,576	33,179
Programming liability	141,914	140,502
Accrued interest	53,791	31,407
Miscellaneous	41,813	35,811
Other current liabilities	24,347	25,593
Liabilities of discontinued operations	3,825
Total liabilities held for sale	7,063	0
Total current liabilities	453,601	482,394
Long-term debt (less current portion)	2,585,534	2,560,560
Deferred income taxes	268,427	293,634
Operating lease liabilities	85,885	79,399
Other liabilities (less current portion)	369,089	464,574
Commitments and contingencies (Note 15)
Equity:
Total preferred and common stock	420,049	417,720
Additional paid-in capital	1,467,347	1,451,604
Accumulated deficit	(576,881)	(476,004)
Accumulated other comprehensive loss, net of income taxes	(64,423)	(75,306)
Total equity	1,246,092	1,318,014
Total Liabilities and Equity	5,008,628	5,198,575
Preferred Stock
Equity:
Preferred stock	0	0
Preferred stock, Series A
Equity:
Preferred stock	419,159	416,854
Common stock, Class A
Equity:
Common stock	771	747
Voting common stock
Equity:
Common stock	$ 119	$ 119

Long-Term Debt

12 Months Ended

Dec. 31, 2025

Debt Disclosure [Abstract]

Long-Term Debt

Long-term debt consisted of the following:


	As of December 31,
(in thousands)	2025		2024

Accounts receivable securitization facility	$	361,100	$	—
Revolving credit facilities	—		—
Senior secured notes, due in January 2029	523,356		523,356
Senior secured notes, due in August 2030	750,000		—
Senior unsecured notes, due in July 2027	—		425,667
Senior unsecured notes, due in January 2031	392,071		392,071
Term loan, due in June 2028	281,126		—
Term loan, due in November 2029	337,603		—
Term loan, due in May 2026	—		721,213
Term loan, due in January 2028	—		543,000
Total outstanding principal	2,645,256		2,605,307
Less: Debt issuance costs and issuance discounts	(50,868)		(29,135)
Less: Current portion	(8,854)		(15,612)
Net carrying value of long-term debt	$	2,585,534	$	2,560,560
Fair value of long-term debt *	$	2,487,833	$	2,112,999

On April 10, 2025, we completed a series of previously announced refinancing transactions. On August 6, 2025, we issued new senior secured second lien notes and used the proceeds to pay off or paydown other outstanding debt balances. In connection with these refinancing transactions, we incurred $44.5 million of non-capitalized transaction costs that are reflected in the caption "Other financing transaction costs" in our Consolidated Statements of Operations. Following completion of these transactions, our long-term debt is summarized below.

Accounts Receivable Securitization Facility

On April 10, 2025, we entered into a new three-year accounts receivable securitization facility, scheduled to terminate April 10, 2028, with aggregate commitments of up to $450 million. Under the securitization facility, we sell eligible accounts receivable balances to our wholly owned special purpose entities, Scripps SPV Midco, LLC and Scripps SPV, LLC (the “Accounts Receivable Securitization Special Purpose Subsidiaries”). The Accounts Receivable Securitization Special Purpose Subsidiaries are consolidated subsidiaries of Scripps and use the accounts receivable balances to collateralize loans obtained from financial institutions. The facility is subject to interest charges, at the one-month term secured overnight financing rate ("SOFR"), subject to a 1.00% floor with a blended spread of 3.59% based on customary assumptions. We recognized approximately $6.0 million of deferred financing costs related to the securitization facility. The securitization facility is accounted for as a collateralized financing activity, rather than a sale of assets, and therefore: (i) accounts receivable balances pledged as collateral are presented as assets and borrowings are presented as liabilities on our Consolidated Balance Sheets, (ii) our Consolidated Statements of Operations reflect the associated charges for bad debt expense related to pledged accounts receivable, as well as interest expense associated with the collateralized borrowings and (iii) receipts from customers related to the underlying accounts receivable are reflected as operating cash flows and borrowings and repayments under the collateralized loans are reflected as financing cash flows within our Consolidated Statements of Cash Flows. Scripps retains the responsibility of servicing the accounts receivable balances pledged as collateral for the securitization facility and also provides a performance guaranty. The maximum availability allowed is limited by our eligible accounts receivable balances, as defined under the terms of the securitization facility. As of December 31, 2025, we had $361 million outstanding under the securitization facility, with a maximum availability allowed of $363 million. The interest rate for the securitization facility was 7.29% as of December 31, 2025.

Scripps Senior Secured Credit Agreement

On April 10, 2025, we replaced our $585 million revolving credit facility, which was due to mature on January 7, 2026, with a new revolving facility with aggregate commitments of up to $208 million, maturing on July 7, 2027, and a new non-extended revolving credit facility with aggregate commitments of up to $70.0 million, which matured on January 7, 2026. Commitment fees of 0.30% to 0.50% per annum, based on our leverage ratio, of the total unused commitment are payable under the revolving credit facility. For the $208 million revolving credit facility, interest is payable at a rate based on SOFR, plus a margin of 5.50%. For the non-extended revolving credit facility, interest is payable at a rate based on SOFR, plus a margin based on our leverage ratio, ranging from 1.75% to 2.75%. We recognized approximately $19.6 million of deferred financing costs related to the new revolving credit facilities. As of December 31, 2025, there were no borrowings under our revolving credit facilities. The weighted-average interest rate over the periods during which we had a drawn revolver balance in 2025 and 2024 was 7.60% and 8.03%, respectively. As of December 31, 2025 and 2024, we had outstanding letters of credit totaling $8.9 million and $6.9 million, respectively, under our revolving credit facilities.

With the April 10, 2025 refinancing transactions, we issued a new $545 million tranche B-2 term loan ("June 2028 term loan") that matures in June 2028. Interest is currently payable on the June 2028 term loan as a rate based on SOFR, plus a margin of 5.75%. The June 2028 term loan requires annual principal payments of $5.5 million. Deferred financing costs and original issuance discount totaled approximately $14.3 million with this term loan, which are being amortized over the life of the loan. As of December 31, 2025, the interest rate on the June 2028 term loan was 9.60%. For the period of April 10, 2025 through December 31, 2025, the weighted-average interest rate on the June 2028 term loan was 10.06%. In connection with the August 6, 2025 issuance of new senior secured second lien notes, we pre-paid $205 million aggregate principal amount of the June 2028 term loan at a price equal to 102% of the principal amount outstanding. With this partial paydown of the June 2028 term loan, we wrote-off $0.6 million of deferred financing costs to interest expense and also incurred a $5.4 million loss on the extinguishment of debt. In December 2025, we made an additional $55.0 million principal payment on the June 2028 term loan and incurred a $2.4 million loss on the extinguishment of debt.

On April 10, 2025, we also issued a new $340 million tranche B-3 ("November 2029 term loan") that matures in November 2029. Interest is currently payable on the November 2029 term loan at a rate based on SOFR, plus a margin of 3.35%. The November 2029 term loan requires annual principal payments of $3.4 million. Deferred financing costs and original issuance discount totaled approximately $8.9 million with this term loan, which are being amortized over the life of the loan. As of December 31, 2025, the interest rate on the November 2029 term loan was 7.20%. For the period of April 10, 2025 through December 31, 2025, the weighted-average interest rate on the November 2029 term loan was 7.66%.

With the resulting debt proceeds generated from the April 10, 2025 refinancing transactions, we paid off the remaining $719 million balance for our term loan that was due to mature in May 2026 and paid off the remaining $541 million balance for our term loan that was due to mature in January 2028. In connection with the retirement of these term loans, we wrote-off $5.6 million of deferred financing costs to interest expense and also incurred a $3.0 million loss on the extinguishment of debt.

The weighted-average interest rate on the May 2026 term loan was 7.01% for the period of January 1, 2025 through April 10, 2025, and 7.84% for the year ended December 31, 2024. The weighted-average interest rate on the January 2028 term loan was 7.44% for the period of January 1, 2025 through April 10, 2025, and 8.28% for the year ended December 31, 2024.

The Senior Secured Credit Agreement contains covenants that limit our ability to incur additional debt and provides for restrictions on certain payments (dividends and share repurchases). Additionally, we must be in compliance with certain leverage ratios in order to proceed with acquisitions. Our credit agreement also includes a provision that in certain circumstances we must use a portion of excess cash flow to repay debt. We granted the lenders pledges of our equity interests in our subsidiaries and security interests in substantially all other personal property, including cash and equipment. The credit agreement also contains covenants to comply with a maximum first lien net leverage ratio. For the $208 million revolving credit facility, we must comply with a maximum first lien net leverage ratio of 3.50 to 1.0 through September 30, 2026, at which point it steps down to 3.25 times for the fiscal quarter ended December 31, 2026, and thereafter. As of December 31, 2025, we were in compliance with our financial covenants.

2029 Senior Secured Notes

On December 30, 2020, we issued $550 million of senior secured notes (the "2029 Senior Notes"), which bear interest at a rate of 3.875% per annum and mature on January 15, 2029. The 2029 Senior Notes were priced at 100% of par value and interest is payable semi-annually on January 15 and July 15. If we sell certain of our assets or have a change of control, the holders of the 2029 Senior Notes may require us to repurchase some or all of the notes. Our credit agreement also includes a provision that in certain circumstances we must use a portion of excess cash flow to repay debt. The 2029 Senior Notes are guaranteed by us and the majority of our subsidiaries and are secured on equal footing with the obligations under the Senior Secured Credit Agreement. The notes are secured, on a first lien basis, from pledges of equity interests in our subsidiaries and by substantially all of the existing and future assets of Scripps. The 2029 Senior Notes contain covenants with which we must comply that are typical for borrowing transactions of this nature.

We incurred approximately $13.8 million of deferred financing costs in connection with the issuance of the 2029 Senior Notes, which are being amortized over the life of the notes.

2030 Senior Secured Notes

On August 6, 2025, we issued $750 million of senior secured second lien notes (the "2030 Senior Notes"), which bear interest at a rate of 9.875% per annum and mature on August 15, 2030. The 2030 Senior Notes were priced at 99.509% of par value and interest is payable semi-annually on August 15 and February 15. We may redeem some or all of the 2030 Senior Notes before August 15, 2027 at a redemption price of 100% of the principal amount, plus accrued and unpaid interest, if any, to the redemption date plus a "make whole" premium. On and after August 15, 2027, we may redeem the notes, in whole or in part, at applicable redemption prices noted in the indenture agreement. The 2030 Senior Notes are guaranteed on a senior secured second lien basis by substantially all of our domestic subsidiaries and each existing and future material, wholly-owned domestic subsidiary, subject to certain exceptions (including with respect to permitted securitization facility related entities). The 2030 Senior Notes and the related guarantees are secured by a second priority lien on substantially all of the assets of the Company and the guarantors, subject to permitted liens and certain other exceptions. The Indenture contains covenants that, among other things and subject to certain exceptions, limit the Company's ability and the ability of its restricted subsidiaries to incur certain additional debt, incur certain liens securing debt, pay certain dividends or make other restricted payments, make certain investments, make certain asset sales and enter into certain transactions with affiliates. The 2030 Senior Notes contain certain covenants with which we must comply that are typical for borrowing transactions of this nature.

We incurred approximately $27.8 million of deferred financing costs in connection with the issuance of the 2030 Senior Notes, which are being amortized over the life of the notes.

2027 Senior Unsecured Notes

On July 26, 2019, we issued $500 million of senior unsecured notes, which bear interest at a rate of 5.875% per annum and mature on July 15, 2027 ("the 2027 Senior Notes"). The 2027 Senior Notes were priced at 100% of par value and interest is payable semi-annually on July 15 and January 15. If we sell certain of our assets or have a change of control, the holders of the 2027 Senior Notes may require us to repurchase some or all of the notes. The 2027 Senior Notes are fully and unconditionally guaranteed on a senior unsecured basis by certain of our existing and future domestic restricted subsidiaries. The 2027 Senior Notes contain covenants with which we must comply that are typical for borrowing transactions of this nature.

We incurred approximately $10.7 million of deferred financing costs in connection with the issuance of the 2027 Senior Notes, which are being amortized over the life of the notes.

With the debt proceeds from the August 6, 2025 issuance of the 2030 Senior Notes, we redeemed the $426 million outstanding principal amount of the 2027 Senior Notes at a weighted-average redemption price equal to 100% of the aggregate principal amount outstanding, plus accrued and unpaid interest. The redemption resulted in the write-off of $0.8 million of deferred financing costs to interest expense and a loss on extinguishment of debt of $2.2 million.

2031 Senior Unsecured Notes

On December 30, 2020, we issued $500 million of senior unsecured notes (the "2031 Senior Notes"), which bear interest at a rate of 5.375% per annum and mature on January 15, 2031. The 2031 Senior Notes were priced at 100% of par value and interest is payable semi-annually on January 15 and July 15. On or after January 15, 2026 and before January 15, 2029, we may redeem the notes, in whole or in part, at applicable redemption prices noted in the indenture agreement. If we sell certain of our assets or have a change of control, the holders of the 2031 Senior Notes may require us to repurchase some or all of the notes. The 2031 Senior Notes are also guaranteed by us and the majority of our subsidiaries. The 2031 Senior Notes contain covenants with which we must comply that are typical for borrowing transactions of this nature.

We incurred approximately $12.5 million of deferred financing costs in connection with the issuance of the 2031 Senior Notes, which are being amortized over the life of the notes.

Debt Repurchase Authorization

In February 2023, our Board of Directors provided a new debt repurchase authorization, pursuant to which we may reduce, through redemptions or open market purchases and retirement, a combination of the outstanding principal balance of our senior secured and senior unsecured notes. The authorization permits an aggregate principal amount reduction of up to $500 million and expires on March 1, 2026.

Segment Information - Assets by Segment (Details) - USD ($) $ in Thousands	Dec. 31, 2025	Dec. 31, 2024
Segment Reporting Information [Line Items]
Total assets	$ 5,008,628	$ 5,198,575
Operating segments
Segment Reporting Information [Line Items]
Total assets	4,865,028	5,077,935
Operating segments \| Local Media
Segment Reporting Information [Line Items]
Total assets	2,297,873	2,323,964
Operating segments \| Scripps Networks
Segment Reporting Information [Line Items]
Total assets	2,567,155	2,753,971
Operating segments \| Other
Segment Reporting Information [Line Items]
Total assets	32,759	34,800
Intersegment eliminations
Segment Reporting Information [Line Items]
Total assets	$ 110,841	$ 85,840

- Definition

Amount of asset recognized for present right to economic benefit.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 942
-SubTopic 235
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.9-05(b)(1))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477314/942-235-S99-1

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 942
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-Section S50
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Reference 3: http://www.xbrl.org/2003/role/disclosureRef
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Reference 4: http://www.xbrl.org/2003/role/disclosureRef
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Reference 5: http://www.xbrl.org/2003/role/disclosureRef
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-Paragraph 28
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+ Details

Investments

12 Months Ended

Dec. 31, 2025

Investments [Abstract]

Investments

Investments consisted of the following:


	As of December 31,
(in thousands)	2025		2024

Investments held at cost	$	6,456	$	6,353
Equity method investments	7,913		2,531
Total investments	$	14,369	$	8,884

In January 2025, we announced the formation of a joint venture with Gray Media, Nexstar Media Group, Inc. and Sinclair, Inc. Leveraging broadcasters’ uniquely efficient network architecture and the ATSC 3.0 transmission standard, EdgeBeam Wireless, LLC will provide expansive, reliable and secure data delivery services. This partnership creates a spectrum footprint that no individual broadcaster could achieve on its own, unlocking the potential of ATSC 3.0 to offer nationwide coverage for data delivery to billions of potential devices on market-disrupting terms. During 2025, we contributed $6.4 million to this equity method investment.

On February 9, 2024, following the completed sale of Broadcast Music, Inc. ("BMI") to New Mountain Capital, we received $18.1 million in pre-tax cash proceeds for our equity ownership in BMI. We did not have any carrying value associated with our BMI investment.

In the fourth quarter of 2024, we recorded a $15.0 million non-cash impairment loss for the write-off of our Misfits gaming investment balance. The measurement of the investment's fair value is a nonrecurring Level 3 measurement (significant unobservable inputs) in the fair value hierarchy.

The gain and loss from these transactions are included within the "Miscellaneous, net" caption on our Consolidated Statements of Operations for the year ended December 31, 2024.

Our investments do not trade in public markets, thus they do not have readily determinable fair values. We estimate the fair values of our investments to approximate their carrying values at December 31, 2025 and 2024.

Audit Information	12 Months Ended
Audit Information	Dec. 31, 2025
Auditor Information [Abstract]
Auditor Location	Cincinnati, Ohio
Auditor Name	Deloitte & Touche LLP
Auditor Firm ID	34

Goodwill and Other Intangible Assets - Schedule of Other Finite-lived Intangible Assets (Details) - USD ($) $ in Thousands	Dec. 31, 2025	Dec. 31, 2024
Carrying amount:
Total carrying amount	$ 1,380,519	$ 1,419,238
Accumulated amortization:
Total accumulated amortization	(627,258)	(563,165)
Net amortizable intangible assets	753,261	856,073
Indefinite-lived intangible assets — FCC licenses	764,515	779,415
Total other intangible assets	1,517,776	1,635,488
Television network affiliation relationships
Carrying amount:
Total carrying amount	1,025,844	1,060,244
Accumulated amortization:
Total accumulated amortization	(362,580)	(330,233)
Customer lists and advertiser relationships
Carrying amount:
Total carrying amount	216,622	220,997
Accumulated amortization:
Total accumulated amortization	(174,261)	(156,310)
Other
Carrying amount:
Total carrying amount	138,053	137,997
Accumulated amortization:
Total accumulated amortization	$ (90,417)	$ (76,622)

Summary of Significant Accounting Policies - Schedule of Allowance for Doubtful Accounts (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023
Allowance for Doubtful Accounts Receivable [Roll Forward]
Allowance for doubtful accounts, beginning balance	$ 7,449	$ 5,041	$ 4,963
Charged to costs and expenses	6,044	15,875	14,786
Amounts charged off, net	(7,584)	(13,467)	(14,708)
Allowance for doubtful accounts, ending balance	$ 5,909	$ 7,449	$ 5,041

Income Taxes - Schedule of Provision For Income Taxes (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023
Current:
Federal	$ 4,580	$ 64,533	$ 34,205
State and local	5,363	11,644	8,010
Foreign	263	1,053	0
Total current income tax provision	10,206	77,230	42,215
Deferred:
Federal	(24,151)	(14,663)	(53,476)
State and local	(4,527)	1,222	(7,278)
Foreign	(153)	(26)	(1,188)
Total deferred income tax provision	(28,831)	(13,467)	(61,942)
Provision (benefit) for income taxes	$ (18,625)	$ 63,763	$ (19,727)

Supplemental Cash Flow Information (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023
Other Changes in Certain Working Capital Accounts, Net
Accounts receivable	$ (5,581)	$ 42,348	$ (10,443)
Other current assets	(9,285)	(7,737)	(4,630)
Accounts payable	(27,756)	13,175	(3,536)
Unearned revenue	4,089	5,978	(6,002)
Accrued employee compensation and benefits	(24,160)	17,535	15,726
Accrued taxes	1,397	(2,677)	2,976
Accrued interest	22,384	(623)	943
Other accrued liabilities	1,091	(6,902)	(13,509)
Other, net	246	(2,199)	2,200
Total	$ (37,575)	$ 58,898	$ (16,275)

Capital Stock and Share-Based Compensation Plans (Tables)

12 Months Ended

Dec. 31, 2025

Equity [Abstract]

Restricted Stock and Restricted Stock Unit Vesting Activity

The following table summarizes our RSU activity:


		Fair Value
	Number of Shares	Weighted Average		Range of Prices

Unvested at December 31, 2022	3,048,285	$	18.57	$ 9-23
Awarded	1,938,617	8.46		7-8
Vested	(1,224,417)	11.61		5-15
Forfeited	(46,570)	15.26		8-23
Unvested at December 31, 2023	3,715,915	13.11		7-23
Awarded	2,204,557	3.90		4-8
Vested	(1,541,364)	3.87		2-9
Forfeited	(77,195)	8.51		4-23
Unvested at December 31, 2024	4,301,913	8.22		4-23
Awarded	16,520,691	1.66		2-2
Vested	(2,544,086)	2.20		1-5
Forfeited	(261,026)	2.52		2-22
Unvested at December 31, 2025	18,017,492	2.46		2-22

Additional Information About Restricted Stock and Restricted Stock Unit Vesting

The following table summarizes additional information about RSU vesting:


	For the years ended December 31,
(in thousands)	2025		2024		2023

Fair value of RSUs vested	$	5,597	$	5,929	$	14,171
Tax benefits realized on vesting	1,354		1,440		3,409

Schedule of Stock Compensation Costs

Share-based compensation costs were as follows:


	For the years ended December 31,
(in thousands)	2025		2024		2023

Total share-based compensation	$	18,199	$	15,177	$	20,490


Share-based compensation, net of tax	13,797		11,492		15,560

Recently Adopted and Issued Accounting Standards	12 Months Ended
Recently Adopted and Issued Accounting Standards	Dec. 31, 2025
Accounting Standards Update and Change in Accounting Principle [Abstract]
Recently Adopted and Issued Accounting Standards	Recently Adopted and Issued Accounting Standards Recently Issued Accounting Standards In September 2025, the Financial Accounting Standards Board ("FASB") issued new guidance that amends certain aspects of the accounting and disclosure requirements for internal-use software costs. The amendments in the guidance remove all references to prescriptive and sequential software development stages, and also provide criteria for when an entity is required to start capitalizing software costs. The guidance is effective for our annual periods beginning in 2028 and interim periods within those annual reporting periods, with early adoption permitted. The guidance can be applied using a prospective transition, modified transition or retrospective transition approach. We are currently evaluating the potential impact that this new guidance will have on our Consolidated Financial Statements and related disclosures. In November 2024, the FASB issued new guidance on disaggregation of income statement expenses. The guidance requires entities to disaggregate any relevant expense caption presented on the face of the income statement within continuing operations into the following required natural expense categories: (1) purchases of inventory, (2) employee compensation, (3) depreciation, (4) intangible asset amortization, and (5) depreciation, depletion and amortization recognized as part of oil-and gas-producing activities or other types of depletion expenses. Such disclosures must be made on an annual and interim basis in a tabular format in the footnotes to the financial statements. The guidance does not change the expense captions an entity presents on the face of the income statement. The guidance also provides clarification regarding identifying relevant expense captions. Furthermore, certain other expenses and gains or losses that must be disclosed under existing U.S. GAAP, and that are recorded in a relevant expense caption, must be presented in the same tabular disclosure on an annual, and, when applicable, interim basis. In addition, the guidance requires entities to disclose selling expenses on an annual and interim basis. The guidance does not define selling expenses, rather, entities will make their own determination of the composition of selling expenses and disclose the definition on an annual basis. The guidance is effective for our annual periods beginning in 2027 and interim periods beginning in the first quarter of 2028, with early adoption permitted. The guidance will be applied on a prospective basis, but retrospective application is permitted. We are currently evaluating the potential impact of adopting this new guidance on our Notes to Consolidated Financial Statements. Recently Adopted Accounting Standards In December 2023, the FASB issued new guidance that modifies the rules on income tax disclosures. The guidance requires entities to disclose: (1) specific categories in the rate reconciliation, (2) the income or loss from continuing operations before income tax expense or benefit (separated between domestic and foreign) and (3) income tax expense or benefit from continuing operations (separated by federal, state and foreign). The guidance also requires entities to disclose their income tax payments to international, federal, state and local jurisdictions, among other changes. We adopted this guidance on a retrospective basis for our annual period ending December 31, 2025. We updated our income tax disclosures to comply with the guidance, see Note 4. Income Taxes. The adoption of the guidance did not have an impact on our financial position, results of operations or liquidity.

- Definition

The entire disclosure for change in accounting principle. Includes, but is not limited to, nature, reason, and method of adopting amendment to accounting standards or other change in accounting principle.

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Reference 27: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 65
-Paragraph 4
-Subparagraph (e)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481538/470-20-65-4

Reference 28: http://www.xbrl.org/2003/role/disclosureRef
-Topic 250
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (b)(1)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483443/250-10-50-1

Reference 29: http://www.xbrl.org/2003/role/disclosureRef
-Name Accounting Standards Codification
-Topic 250
-Publisher FASB
-URI https://asc.fasb.org/250/tableOfContent

Reference 30: http://www.xbrl.org/2003/role/disclosureRef
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-SubTopic 40
-Name Accounting Standards Codification
-Section 65
-Paragraph 1
-Subparagraph (e)(1)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480175/815-40-65-1

+ Details

Consolidated Statements of Equity - USD ($)
$ in Thousands

Total

Preferred Stock

Common Stock

Additional Paid-in Capital

Retained Earnings (Accumulated Deficit)

Accumulated Other Comprehensive Income (Loss) ("AOCI")

Equity, beginning balance at Dec. 31, 2022

$ 2,130,825

$ 412,244

$ 836

$ 1,444,501

$ 350,715

$ (77,471)

Increase (Decrease) in Stockholders' Equity [Roll Forward]

Comprehensive income (loss)

(945,823)

(947,784)

1,961

Preferred stock dividends

(48,000)

2,305

(25,152)

(25,153)

Compensation plans: net share issued

^[1]

19,181

19,169

Equity, ending balance at Dec. 31, 2023

1,156,183

414,549

848

1,438,518

(622,222)

(75,510)

Increase (Decrease) in Stockholders' Equity [Roll Forward]

Comprehensive income (loss)

146,422

146,218

204

Preferred stock dividends

2,305

(2,305)

Compensation plans: net share issued

^[1]

15,409

15,391

Equity, ending balance at Dec. 31, 2024

1,318,014

416,854

866

1,451,604

(476,004)

(75,306)

Increase (Decrease) in Stockholders' Equity [Roll Forward]

Comprehensive income (loss)

(89,994)

(100,877)

10,883

Preferred stock dividends

2,305

(2,305)

Compensation plans: net share issued

^[1]

18,072

18,048

Equity, ending balance at Dec. 31, 2025

$ 1,246,092

$ 419,159

$ 890

$ 1,467,347

$ (576,881)

$ (64,423)

[1]	* Net of tax payments related to shares withheld for vested stock and RSUs of $1,769 in 2025, $1,882 in 2024 and $4,955 in 2023.

- Definition

+ References + Details

- Definition

Amount of equity (deficit) attributable to parent. Excludes temporary equity and equity attributable to noncontrolling interest.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 235
-SubTopic 10
-Name Accounting Standards Codification
-Section S50
-Paragraph 1
-Publisher FASB
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Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 235
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-Name Accounting Standards Codification
-Section S99
-Paragraph 1
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Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef
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-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 28
-Subparagraph (f)
-Publisher FASB
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Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef
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-Name Accounting Standards Codification
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-Paragraph 1
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Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef
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Reference 6: http://fasb.org/us-gaap/role/ref/legacyRef
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Reference 7: http://www.xbrl.org/2003/role/exampleRef
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-Publisher FASB
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Reference 8: http://www.xbrl.org/2003/role/exampleRef
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-Name Accounting Standards Codification
-Section 55
-Paragraph 12
-Publisher FASB
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Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 210
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.6-04(19))
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Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
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-Name Accounting Standards Codification
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-Paragraph 2
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Reference 11: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 946
-SubTopic 220
-Name Accounting Standards Codification
-Section S99
-Paragraph 3
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-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479134/946-220-S99-3

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
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-Name Accounting Standards Codification
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-Paragraph 3
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Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
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-Name Accounting Standards Codification
-Section S99
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Reference 14: http://www.xbrl.org/2009/role/commonPracticeRef
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Reference 15: http://www.xbrl.org/2009/role/commonPracticeRef
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Reference 16: http://fasb.org/us-gaap/role/ref/legacyRef
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-URI https://asc.fasb.org/1943274/2147480418/310-10-S99-2

+ Details

Other Liabilities - Schedule of Other Liabilities (Details) - USD ($) $ in Thousands	Dec. 31, 2025	Dec. 31, 2024
Other liabilities
Employee compensation and benefits	$ 30,348	$ 28,996
Deferred FCC repack income	30,816	37,733
Programming liability	166,187	248,634
Liability for pension benefits	57,732	71,211
Liabilities for uncertain tax positions	40,227	32,515
Finance leases	31,462	31,021
Other	12,317	14,464
Other liabilities (less current portion)	$ 369,089	$ 464,574

Other Liabilities

12 Months Ended

Dec. 31, 2025

Other Liabilities Disclosure [Abstract]

Other Liabilities

Other liabilities consisted of the following:


	As of December 31,
(in thousands)	2025		2024

Employee compensation and benefits	$	30,348	$	28,996
Deferred FCC repack income	30,816		37,733
Programming liability	166,187		248,634
Liability for pension benefits	57,732		71,211
Liabilities for uncertain tax positions	40,227		32,515
Finance leases	31,462		31,021
Other	12,317		14,464
Other liabilities (less current portion)	$	369,089	$	464,574

Employee Benefit Plans (Tables)

12 Months Ended

Dec. 31, 2025

Retirement Benefits [Abstract]

Schedule of Components of Benefit Expense

The components of the expense consisted of the following:


	For the years ended December 31,
(in thousands)	2025		2024		2023


Interest cost	$	22,531	$	22,444	$	23,579
Expected return on plan assets, net of expenses	(22,235)		(24,072)		(25,221)
Amortization of actuarial loss and prior service cost	18		18		18

Total for defined benefit plans	314		(1,610)		(1,624)


SERPs	970		936		974
Defined contribution plan	15,010		16,290		15,998
Net periodic benefit cost	$	16,294	$	15,616	$	15,348

Schedule of Changes in Plan Assets and Benefit Obligations Recognized in Other Comprehensive Income (Loss)

Other changes in plan assets and benefit obligations recognized in other comprehensive income (loss) were as follows:


	For the years ended December 31,
(in thousands)	2025		2024		2023

Actuarial gain/(loss)	$	13,389	$	(5)	$	3,091

Amortization of actuarial loss and prior service cost	18		18		18


Total	$	13,407	$	13	$	3,109

Schedule of Assumptions Used

Assumptions used in determining the annual retirement plans expense were as follows:


	2025		2024		2023

Discount rate	5.67	%	5.18	%	5.47	%
Long-term rate of return on plan assets	5.50	%	5.50	%	5.50	%

Assumptions used to determine the defined benefit pension plan benefit obligation were as follows:


	2025		2024		2023

Weighted average discount rate	5.47	%	5.67	%	5.18	%

Schedule of Employee Benefit Plan Assets and Obligations

The following table presents information about our employee benefit plan assets and obligations:


	Defined Benefit Plan				SERPs
	For the years ended December 31,
(in thousands)	2025		2024		2025		2024

Change in projected benefit obligation:
Projected benefit obligation at beginning of year	$	415,121	$	448,993	$	12,738	$	13,437

Interest cost	22,531		22,444		681		662
Benefits paid	(35,911)		(37,828)		(1,411)		(1,131)
Actuarial (gains)/losses	5,743		(18,488)		155		(230)


Projected benefit obligation at end of year	407,484		415,121		12,163		12,738
Plan assets:
Fair value at beginning of year	355,180		387,429		—		—
Actual return on plan assets	41,367		5,579		—		—
Company contributions	—		—		1,411		1,131
Benefits paid	(35,911)		(37,828)		(1,411)		(1,131)

Fair value at end of year	360,636		355,180		—		—
Funded status	$	(46,848)	$	(59,941)	$	(12,163)	$	(12,738)
Amounts recognized in Consolidated Balance Sheets:
Current liabilities	$	—	$	—	$	(1,279)	$	(1,468)
Noncurrent liabilities	(46,848)		(59,941)		(10,884)		(11,270)
Total	$	(46,848)	$	(59,941)	$	(12,163)	$	(12,738)

Amounts recognized in accumulated other comprehensive loss consist of:
Net actuarial loss	$	82,409	$	95,798	$	3,493	$	3,468
Prior service cost	298		316		—		—

Schedule of Pension Plans With an Accumulated Benefit Obligation and Projected Benefit Obligation in Excess of Plan Assets

Information for plans with an accumulated benefit obligation and projected benefit obligation in excess of plan assets was as follows:


	Defined Benefit Plan				SERPs
	As of December 31,
(in thousands)	2025		2024		2025		2024

Accumulated benefit obligation	$	407,484	$	415,121	$	12,163	$	12,738
Projected benefit obligation	407,484		415,121		12,163		12,738
Fair value of plan assets	360,636		355,180		—		—

Schedule of Allocation of Pension Plan Assets by Asset Category

Information related to our pension plan asset allocations by asset category were as follows:


	Target allocation		Percentage of plan assets as of December 31,
	2026		2025		2024

US equity securities	13	%	14	%	13	%
Non-US equity securities	27	%	32	%	32	%
Fixed-income securities	55	%	53	%	54	%
Other	5	%	1	%	1	%
Total	100	%	100	%	100	%

Plan Assets Measured Using the Fair Value Hierarchy

The following table presents our plan assets as of December 31, 2025 and 2024:


	As of December 31,
(in thousands)	2025		2024

Equity securities
Common/collective trust funds	$	165,005	$	159,893
Fixed income
Common/collective trust funds	192,873		192,571

Receivables for investment sold	2,758		2,716
Fair value of plan assets	$	360,636	$	355,180

Accumulated Other Comprehensive Income (Loss) (Tables)

12 Months Ended

Dec. 31, 2025

Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]

Schedule of Accumulated Other Comprehensive Income (Loss)

Changes in the accumulated other comprehensive income (loss) ("AOCI") balance by component consisted of the following for the respective years:


(in thousands)	Defined Benefit Pension Items		Other		Total

As of December 31, 2023	$	(75,247)	$	(263)	$	(75,510)
Other comprehensive income (loss) before reclassifications, net of tax of $55 and $(28)	170		(86)		84
Amounts reclassified from AOCI, net of tax of $38	120		—		120
Net current-period other comprehensive income (loss)	290		(86)		204

As of December 31, 2024	(74,957)		(349)		(75,306)
Other comprehensive income (loss) before reclassifications, net of tax of $3,201 and $235	10,033		738		10,771
Amounts reclassified from AOCI, net of tax of $36	112		—		112
Net current-period other comprehensive income (loss)	10,145		738		10,883
As of December 31, 2025	$	(64,812)	$	389	$	(64,423)

Goodwill and Other Intangible Assets - Narrative (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2025 USD ($) station	Dec. 31, 2024 USD ($)	Dec. 31, 2023 USD ($)	Dec. 31, 2021 USD ($)
Goodwill [Line Items]
Estimated amortization expense of intangible assets for 2026	$ 84,800
Estimated amortization expense of intangible assets for 2027	81,700
Estimated amortization expense of intangible assets for 2028	60,300
Estimated amortization expense of intangible assets for 2029	60,200
Estimated amortization expense of intangible assets for 2030	60,200
Estimated amortization expense of intangible assets for later years	406,100
Net carrying value of intangible assets	$ 753,261	$ 856,073
Number of television stations \| station	23
Impairment of goodwill	$ 0	$ 0	$ 952,000
Sensitivity analysis of fair value, reduction in fair value of reporting unit for 50 basis point increase in discount rate	6.00%
ION Media
Goodwill [Line Items]
Number of stations divested \| station	23
Intangible assets acquired				$ 422,000
Estimated useful life	20 years
Net carrying value of intangible assets	$ 317,000
Local Media
Goodwill [Line Items]
Percentage fair value in excess of carrying value	20.00%
Scripps Networks
Goodwill [Line Items]
Percentage fair value in excess of carrying value	5.00%

Capital Stock and Share-Based Compensation Plans - Restricted Stock and Restricted Stock Unit Activity (Details) - Restricted stock units - $ / shares	12 Months Ended
	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Number of Shares
Unvested beginning balance (in shares)	4,301,913	3,715,915	3,048,285
Awarded (in shares)	16,520,691	2,204,557	1,938,617
Vested (in shares)	(2,544,086)	(1,541,364)	(1,224,417)
Forfeited (in shares)	(261,026)	(77,195)	(46,570)
Unvested ending balance (in shares)	18,017,492	4,301,913	3,715,915
Weighted Average
Unvested beginning balance (in dollars per share)	$ 2.46	$ 8.22	$ 13.11	$ 18.57
Awarded (in dollars per share)	1.66	3.90	8.46
Vested (in dollars per share)	2.20	3.87	11.61
Forfeited (in dollars per share)	2.52	8.51	15.26
Unvested ending balance (in dollars per share)	$ 2.46	$ 8.22	$ 13.11
Range of Prices
Unvested beginning balance, lower range (in dollars per share)	4	7	9
Unvested beginning balance, upper range (in dollars per share)	23	23	23
Awarded, lower range (in dollars per share)	2	4	7
Awarded, upper range (in dollars per share)	2	8	8
Vested, lower range (in dollars per share)	$ 1	$ 2	$ 5
Vested, upper range (in dollars per share)	$ 5	$ 9	$ 15
Forfeited, lower range (in dollars per share)	2	4	8
Forfeited, upper range (in dollars per share)	22	23	23
Unvested ending balance, lower range (in dollars per share)	2	4	7
Unvested ending balance, upper range (in dollars per share)	22	23	23

Consolidated Statements of Comprehensive Income (Loss) (Parenthetical) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023
Statement of Comprehensive Income [Abstract]
Tax on changes in defined benefit pension plans	$ 3,237	$ 93	$ 658
Changes in other, tax amount	$ 235	$ (28)	$ (38)

Cybersecurity Risk Management and Strategy Disclosure	12 Months Ended
Cybersecurity Risk Management and Strategy Disclosure	Dec. 31, 2025
Cybersecurity Risk Management, Strategy, and Governance [Line Items]
Cybersecurity Risk Management Processes for Assessing, Identifying, and Managing Threats [Text Block]	Protecting our systems and data from cyber threats is important for ensuring the continuity of operations and maintaining the trust of our customers and stakeholders. Scripps is committed to the transparent and ethical use of the personal data in its care and complying with applicable privacy-related regulations. To date, no risks from cybersecurity threats, including as a result of any previous cybersecurity incidents, have materially affected our business, our business strategy, our results of operations or financial condition. For further information, see “We will continue to face cybersecurity and similar risks, which could result in the disclosure of confidential information, disruption of operations, damage to our brands and reputation, legal exposure and financial losses” in Item 1A, Risk Factors of this Annual Report. In the event an attack or other intrusion were to be successful, we have a trained response team of internal and external resources that are prepared to respond. Cybersecurity Program Scripps is committed to having a strong cybersecurity program and employs a chief information security officer ("CISO") to oversee the cybersecurity leadership team. Our CISO has extensive technology and risk management experience in various industries and is qualified as a boardroom certified technology expert (QTE) by the Digital Directors Network. The team manages governance, risk and compliance, security operations and identity and access management. Scripps routinely identifies and considers potential improvements to its cybersecurity program based on the threat landscape. Improvements may include adjustments to staffing, processes or the acquisition of new technology. When such potential improvements are identified, the Company weighs the costs and benefits of such improvements (including against other potential improvements) and, if selected, the improvements are added to a roadmap for possible implementation. Scripps has implemented certain physical, administrative and technical controls to help secure its enterprise environment and products. Cybersecurity controls include, but are not limited to, the following measures: •Enforce controls that limit access based on job responsibilities and enforcing authentication measures, including strong password policies and multifactor authentication where appropriate. •Conduct exercises to ensure the company is prepared to respond to cyber incidents. •Align the cybersecurity program with the National Institute of Standards and Technology cybersecurity framework. •Scan our systems for vulnerabilities that may potentially impact our enterprise or products, categorize them based on severity and where possible, proactively address them to prevent exploitation by threat actors. •Employ a trained incident response team and a managed security service provider to identify and mitigate incidents that bypass our cybersecurity controls to minimize impact to operations. •Engage in industry collaboration and cyber threat intelligence sharing to strengthen defenses, enhance situational awareness and protect our people, content and technology. Incident Response Plan The Integrated Incident Response Program is reviewed at least annually to ensure alignment with any changes in notification laws, company structure and operations, service providers and the risk landscape. The Cyber Incident Response Plan includes materiality assessments in accordance with the new U.S. Securities and Exchange Commission ("SEC") cybersecurity rules. This same process is also used to address materiality as it relates to non-cyber events, should they occur. Tabletop exercises are conducted periodically to assess readiness for plan execution. Any actual or suspected security incident is reported to the CISO. Cybersecurity incidents are evaluated under the Integrated Incident Response Program and flow to the Enterprise Response Team according to clearly defined escalation criteria.
Cybersecurity Risk Management Processes Integrated [Flag]	true
Cybersecurity Risk Management Processes Integrated [Text Block]	Cybersecurity Program Scripps is committed to having a strong cybersecurity program and employs a chief information security officer ("CISO") to oversee the cybersecurity leadership team. Our CISO has extensive technology and risk management experience in various industries and is qualified as a boardroom certified technology expert (QTE) by the Digital Directors Network. The team manages governance, risk and compliance, security operations and identity and access management. Scripps routinely identifies and considers potential improvements to its cybersecurity program based on the threat landscape. Improvements may include adjustments to staffing, processes or the acquisition of new technology. When such potential improvements are identified, the Company weighs the costs and benefits of such improvements (including against other potential improvements) and, if selected, the improvements are added to a roadmap for possible implementation. Scripps has implemented certain physical, administrative and technical controls to help secure its enterprise environment and products. Cybersecurity controls include, but are not limited to, the following measures: •Enforce controls that limit access based on job responsibilities and enforcing authentication measures, including strong password policies and multifactor authentication where appropriate. •Conduct exercises to ensure the company is prepared to respond to cyber incidents. •Align the cybersecurity program with the National Institute of Standards and Technology cybersecurity framework. •Scan our systems for vulnerabilities that may potentially impact our enterprise or products, categorize them based on severity and where possible, proactively address them to prevent exploitation by threat actors. •Employ a trained incident response team and a managed security service provider to identify and mitigate incidents that bypass our cybersecurity controls to minimize impact to operations. •Engage in industry collaboration and cyber threat intelligence sharing to strengthen defenses, enhance situational awareness and protect our people, content and technology.
Cybersecurity Risk Management Third Party Engaged [Flag]	true
Cybersecurity Risk Third Party Oversight and Identification Processes [Flag]	true
Cybersecurity Risk Materially Affected or Reasonably Likely to Materially Affect Registrant [Flag]	false
Cybersecurity Risk Board of Directors Oversight [Text Block]	Cybersecurity is a key risk included in risk management discussions on the Governance, Risk and Compliance committee that meets quarterly before board meetings. The Board of Directors oversees cybersecurity and technology risks through the Audit Committee, which receives quarterly updates from the CISO. Intermittent updates are provided to the full Board for educational purposes or when special needs arise. Our Cyber Risk Management program is built on a close partnership between Cybersecurity, Privacy Legal and Audit — aligning expertise to proactively identify, assess and mitigate evolving threats. Our chief privacy officer oversees an enterprise wide privacy program that includes annual training; a “privacy by design” ethos within development teams; privacy-specific contract reviews; and an enterprise wide privacy platform to manage rights, requests and consent management. Privacy Scripps is committed to data governance and protection. We recognize the importance of safeguarding personal information in today's digital landscape. Our comprehensive Privacy Policy provides a clear definition of "personal data" and outlines where and how the policy applies. The policy details our methods for collecting and storing personal data, explains users' rights and addresses additional privacy-related matters. We maintain transparency by keeping our Privacy Policy updated and making it available across all relevant digital platforms. Employee Training Programs We launch separate, annual web-based learning modules on cybersecurity, privacy and various security topics such as phishing, password hygiene and data governance to all employees. The annual security awareness training is reinforced through regular phishing simulations across the enterprise to provide employees with practical exposure to phishing campaigns. Employees who fail phishing simulations must complete additional training.
Cybersecurity Risk Board Committee or Subcommittee Responsible for Oversight [Text Block]	Cybersecurity is a key risk included in risk management discussions on the Governance, Risk and Compliance committee that meets quarterly before board meetings. The Board of Directors oversees cybersecurity and technology risks through the Audit Committee, which receives quarterly updates from the CISO. Intermittent updates are provided to the full Board for educational purposes or when special needs arise. Our Cyber Risk Management program is built on a close partnership between Cybersecurity, Privacy Legal and Audit — aligning expertise to proactively identify, assess and mitigate evolving threats.
Cybersecurity Risk Process for Informing Board Committee or Subcommittee Responsible for Oversight [Text Block]	Any actual or suspected security incident is reported to the CISO. Cybersecurity incidents are evaluated under the Integrated Incident Response Program and flow to the Enterprise Response Team according to clearly defined escalation criteria.
Cybersecurity Risk Role of Management [Text Block]	The team manages governance, risk and compliance, security operations and identity and access management. Scripps routinely identifies and considers potential improvements to its cybersecurity program based on the threat landscape. Improvements may include adjustments to staffing, processes or the acquisition of new technology. When such potential improvements are identified, the Company weighs the costs and benefits of such improvements (including against other potential improvements) and, if selected, the improvements are added to a roadmap for possible implementation. Scripps has implemented certain physical, administrative and technical controls to help secure its enterprise environment and products. Cybersecurity controls include, but are not limited to, the following measures: •Enforce controls that limit access based on job responsibilities and enforcing authentication measures, including strong password policies and multifactor authentication where appropriate. •Conduct exercises to ensure the company is prepared to respond to cyber incidents. •Align the cybersecurity program with the National Institute of Standards and Technology cybersecurity framework. •Scan our systems for vulnerabilities that may potentially impact our enterprise or products, categorize them based on severity and where possible, proactively address them to prevent exploitation by threat actors. •Employ a trained incident response team and a managed security service provider to identify and mitigate incidents that bypass our cybersecurity controls to minimize impact to operations. •Engage in industry collaboration and cyber threat intelligence sharing to strengthen defenses, enhance situational awareness and protect our people, content and technology.
Cybersecurity Risk Management Positions or Committees Responsible [Flag]	true
Cybersecurity Risk Management Positions or Committees Responsible [Text Block]	Scripps is committed to having a strong cybersecurity program and employs a chief information security officer ("CISO") to oversee the cybersecurity leadership team. Our CISO has extensive technology and risk management experience in various industries and is qualified as a boardroom certified technology expert (QTE) by the Digital Directors Network. The team manages governance, risk and compliance, security operations and identity and access management.
Cybersecurity Risk Management Expertise of Management Responsible [Text Block]	Our CISO has extensive technology and risk management experience in various industries and is qualified as a boardroom certified technology expert (QTE) by the Digital Directors Network.
Cybersecurity Risk Process for Informing Management or Committees Responsible [Text Block]	The Integrated Incident Response Program is reviewed at least annually to ensure alignment with any changes in notification laws, company structure and operations, service providers and the risk landscape. The Cyber Incident Response Plan includes materiality assessments in accordance with the new U.S. Securities and Exchange Commission ("SEC") cybersecurity rules. This same process is also used to address materiality as it relates to non-cyber events, should they occur. Tabletop exercises are conducted periodically to assess readiness for plan execution. Any actual or suspected security incident is reported to the CISO. Cybersecurity incidents are evaluated under the Integrated Incident Response Program and flow to the Enterprise Response Team according to clearly defined escalation criteria.
Cybersecurity Risk Management Positions or Committees Responsible Report to Board [Flag]	true

Income Taxes - Schedule of Gross Unrecognized Tax Benefit Reconciliation (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023
Reconciliation of Unrecognized Tax Benefits [Roll Forward]
Gross unrecognized tax benefits at beginning of year	$ 28,099	$ 15,030	$ 12,124
Increases in tax positions for prior years	1,184	6,055	3,321
Decreases in tax positions for prior years	(788)	(217)	(2)
Increases in tax positions for current year	7,152	7,483	257
Decreases from lapse in statute of limitations	(1,992)	(252)	(670)
Decreases due to settlements with taxing authorities	(26)	0	0
Gross unrecognized tax benefits at end of year	$ 33,629	$ 28,099	$ 15,030

Income Taxes - Schedule of Income Tax Paid (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023
Income Tax Paid, by Individual Jurisdiction [Line Items]
Federal	$ 10,000	$ 62,991	$ 31,200
Foreign	0	0	0
Income taxes paid, net of refunds received	13,323	71,811	31,121
Florida
Income Tax Paid, by Individual Jurisdiction [Line Items]
State:	0	0	(5,421)
Other
Income Tax Paid, by Individual Jurisdiction [Line Items]
State:	$ 3,323	$ 8,820	$ 5,342

Fair Value Measurement

12 Months Ended

Dec. 31, 2025

Fair Value Disclosures [Abstract]

Fair Value Measurement

We measure certain financial assets and liabilities at fair value on a recurring basis, such as cash equivalents. The fair values of these financial assets were determined based on three levels of inputs, of which the first two are considered observable and the last unobservable, that may be used to measure fair value. These levels of input are as follows:

•Level 1 — Quoted prices in active markets for identical assets or liabilities.

•Level 2 — Inputs, other than quoted market prices in active markets, that are observable either directly or indirectly.

•Level 3 — Unobservable inputs based on our own assumptions.

The following tables set forth our assets that are measured at fair value on a recurring basis at December 31, 2025 and 2024:


	December 31, 2025
(in thousands)	Total		Level 1		Level 2		Level 3

Cash equivalents	$	17,255	$	17,255	$	—	$	—


	December 31, 2024
(in thousands)	Total		Level 1		Level 2		Level 3


Cash equivalents	$	14,447	$	14,447	$	—	$	—

The carrying amounts of cash, accounts receivable, accounts payable and accrued expenses approximate fair value due to the short-term nature of those items.

- Definition

The entire disclosure for the fair value of financial instruments (as defined), including financial assets and financial liabilities (collectively, as defined), and the measurements of those instruments as well as disclosures related to the fair value of non-financial assets and liabilities. Such disclosures about the financial instruments, assets, and liabilities would include: (1) the fair value of the required items together with their carrying amounts (as appropriate); (2) for items for which it is not practicable to estimate fair value, disclosure would include: (a) information pertinent to estimating fair value (including, carrying amount, effective interest rate, and maturity, and (b) the reasons why it is not practicable to estimate fair value; (3) significant concentrations of credit risk including: (a) information about the activity, region, or economic characteristics identifying a concentration, (b) the maximum amount of loss the entity is exposed to based on the gross fair value of the related item, (c) policy for requiring collateral or other security and information as to accessing such collateral or security, and (d) the nature and brief description of such collateral or security; (4) quantitative information about market risks and how such risks are managed; (5) for items measured on both a recurring and nonrecurring basis information regarding the inputs used to develop the fair value measurement; and (6) for items presented in the financial statement for which fair value measurement is elected: (a) information necessary to understand the reasons for the election, (b) discussion of the effect of fair value changes on earnings, (c) a description of [similar groups] items for which the election is made and the relation thereof to the balance sheet, the aggregate carrying value of items included in the balance sheet that are not eligible for the election; (7) all other required (as defined) and desired information.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (bbb)(1)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-2

Reference 2: http://www.xbrl.org/2003/role/exampleRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 107
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482078/820-10-55-107

Reference 3: http://www.xbrl.org/2003/role/exampleRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 100
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482078/820-10-55-100

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (c)(3)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-2

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 6A
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-6A

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2E
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-2E

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 6A
-Subparagraph (h)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-6A

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 6A
-Subparagraph (f)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-6A

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 6A
-Subparagraph (e)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-6A

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 6A
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-6A

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (h)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-2

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (g)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-2

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Topic 940
-SubTopic 820
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478119/940-820-50-1

+ Details

Income Taxes - Schedule of Effective Income Tax Rate Reconciliation (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023
Amount
U.S. federal statutory rate	$ (25,095)	$ 44,096	$ (203,177)
State and local income taxes, net of federal income tax effect	(389)	9,025	(1,258)
Foreign tax effects	(350)	565	(220)
Non-deductible goodwill impairment	0	0	179,630
Equity compensation tax windfall/shortfall deduction	2,614	3,157	1,507
Non-deductible executive compensation	761	2,373	995
Other non-deductible expenses	1,106	755	771
Changes in unrecognized tax benefits	251	2,016	334
Federal accrued interest on deferred gain	1,700	1,802	1,514
Other	777	(26)	177
Provision (benefit) for income taxes	$ (18,625)	$ 63,763	$ (19,727)
Percent
U.S. federal statutory rate	21.00%	21.00%	21.00%
State and local income taxes, net of federal income tax effect	0.30%	4.20%	0.10%
Foreign tax effects	0.30%	0.30%	0.00%
Non-deductible goodwill impairment	0.00%	0.00%	(18.60%)
Equity compensation tax windfall/shortfall deduction	(2.20%)	1.50%	(0.20%)
Non-deductible executive compensation	(0.60%)	1.10%	(0.10%)
Other non-deductible expenses	(0.90%)	0.40%	0.00%
Changes in unrecognized tax benefits	(0.20%)	1.00%	0.00%
Federal accrued interest on deferred gain	(1.40%)	0.90%	(0.20%)
Other	(0.70%)	0.00%	0.00%
Effective income tax rate	15.60%	30.40%	2.00%

Leases (Tables)

12 Months Ended

Dec. 31, 2025

Leases [Abstract]

Schedule of Lease Assets and Liabilities

Other information related to our leases was as follows:


	As of December 31,
(in thousands, except lease term and discount rate)	2025			2024

Balance Sheet Information
Operating Leases
Right-of-use assets	$	95,975		$	90,136
Other current liabilities	18,974			18,087
Operating lease liabilities	85,885			79,399
Finance Leases
Property and equipment, at cost	28,321			28,321
Accumulated depreciation	(2,454)			(1,658)
Property and equipment, net	25,867			26,663

Other liabilities	31,462			31,021
Weighted Average Remaining Lease Term
Operating leases	10.20 years			7.37 years
Finance leases	32.50 years			33.50 years
Weighted Average Discount Rate
Operating leases	5.78		%	5.01		%
Finance leases	7.10		%	7.10		%

Schedule of Lease Supplemental Cash Flow Information


	For the years ended December 31,
(in thousands)	2025		2024		2023

Supplemental Cash Flows Information
Cash paid for amounts included in the measurement of lease liabilities
Operating cash flows from operating leases	$	23,083	$	22,014	$	24,114
Operating cash flows from finance leases	1,776		1,302		426
Financing cash flows from finance leases	—		—		—
Right-of-use assets obtained in exchange for operating lease obligations	30,315		13,486		6,789
Right-of-use assets obtained in exchange for finance lease obligations	—		—		—

Schedule of Operating Lease Maturity Schedule

Future minimum lease payments under non-cancellable leases as of December 31, 2025 were as follows:


(in thousands)	Operating Leases		Finance Leases

2026	$	25,315	$	1,824
2027	21,618		1,875
2028	16,291		1,926
2029	13,910		1,979
2030	7,553		2,034
Thereafter	63,447		86,111
Total future minimum lease payments	148,134		95,749
Less: Imputed interest	(43,275)		(64,287)
Total	$	104,859	$	31,462

Investments - Schedule of Investments (Details) - USD ($) $ in Thousands	Dec. 31, 2025	Dec. 31, 2024
Investments [Abstract]
Investments held at cost	$ 6,456	$ 6,353
Equity method investments	7,913	2,531
Total investments	$ 14,369	$ 8,884

- Definition

This item represents the carrying amount on the entity's balance sheet of its investment in common stock of an equity method investee. This is not an indicator of the fair value of the investment, rather it is the initial cost adjusted for the entity's share of earnings and losses of the investee, adjusted for any distributions (dividends) and other than temporary impairment (OTTI) losses recognized.

+ References + Details

Leases - Schedule of Lease Assets and Liabilities (Details) - USD ($) $ in Thousands	Dec. 31, 2025	Dec. 31, 2024
Operating Leases
Right-of-use assets	$ 95,975	$ 90,136
Other current liabilities	18,974	18,087
Operating lease liabilities	$ 85,885	$ 79,399
Operating lease, liability, current, statement of financial position	Other current liabilities	Other current liabilities
Finance Leases
Property and equipment, at cost	$ 28,321	$ 28,321
Accumulated depreciation	(2,454)	(1,658)
Property and equipment, net	25,867	26,663
Other liabilities	$ 31,462	$ 31,021
Finance lease, liability, noncurrent, statement of financial position	Other Liabilities, Noncurrent	Other Liabilities, Noncurrent
Weighted Average Remaining Lease Term
Weighted average remaining lease term, operating leases (in years)	10 years 2 months 12 days	7 years 4 months 13 days
Weighted average remaining lease term, finance leases (in years)	32 years 6 months	33 years 6 months
Weighted Average Discount Rate
Weighted average discount rate, operating leases	5.78%	5.01%
Weighted average discount rate, finance leases	7.10%	7.10%

Investments (Tables)

12 Months Ended

Dec. 31, 2025

Investments [Abstract]

Schedule of Investments

Investments consisted of the following:


	As of December 31,
(in thousands)	2025		2024

Investments held at cost	$	6,456	$	6,353
Equity method investments	7,913		2,531
Total investments	$	14,369	$	8,884

Accumulated Other Comprehensive Income (Loss) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023
Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Equity, beginning balance	$ 1,318,014	$ 1,156,183	$ 2,130,825
Other comprehensive income (loss) before reclassifications, net of tax	10,771	84
Amounts reclassified from AOCI, net of tax	112	120
Net current-period other comprehensive income (loss)	10,883	204
Equity, ending balance	1,246,092	1,318,014	1,156,183
Other comprehensive income (loss) before reclassifications, tax amount	235	(28)	(38)
Defined Benefit Pension Items
Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Equity, beginning balance	(74,957)	(75,247)
Other comprehensive income (loss) before reclassifications, net of tax	10,033	170
Amounts reclassified from AOCI, net of tax	112	120
Net current-period other comprehensive income (loss)	10,145	290
Equity, ending balance	(64,812)	(74,957)	(75,247)
Other comprehensive income (loss) before reclassifications, tax amount	3,201	55
Amounts reclassified from AOCI, tax amount	36	38
Other
Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Equity, beginning balance	(349)	(263)
Other comprehensive income (loss) before reclassifications, net of tax	738	(86)
Amounts reclassified from AOCI, net of tax	0	0
Net current-period other comprehensive income (loss)	738	(86)
Equity, ending balance	389	(349)	(263)
Other comprehensive income (loss) before reclassifications, tax amount	235	(28)
Total
Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Equity, beginning balance	(75,306)	(75,510)	(77,471)
Equity, ending balance	$ (64,423)	$ (75,306)	$ (75,510)

Goodwill and Other Intangible Assets - Schedule of Goodwill by Business Segment (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Summary of activity related to goodwill by business segment
Gross balance	$ 3,093,823	$ 3,158,488	$ 3,158,488	$ 3,158,488
Accumulated impairment losses	(1,175,489)	(1,189,914)	(1,189,914)	(237,914)
Goodwill [Roll Forward]
Balance, beginning of period	1,968,574	1,968,574	2,920,574
Impairment of goodwill	0	0	(952,000)
Goodwill allocated to assets held for sale	(50,240)
Balance, end of period	1,918,334	1,968,574	1,968,574
Local Media
Summary of activity related to goodwill by business segment
Gross balance	1,064,474	1,122,408	1,122,408	1,122,408
Accumulated impairment losses	(205,717)	(216,914)	(216,914)	(216,914)
Goodwill [Roll Forward]
Balance, beginning of period	905,494	905,494	905,494
Goodwill allocated to assets held for sale	(46,737)
Balance, end of period	858,757	905,494	905,494
Scripps Networks
Summary of activity related to goodwill by business segment
Gross balance	2,022,159	2,028,890	2,028,890	2,028,890
Accumulated impairment losses	(969,772)	(973,000)	(973,000)	(21,000)
Goodwill [Roll Forward]
Balance, beginning of period	1,055,890	1,055,890	2,007,890
Goodwill allocated to assets held for sale	(3,503)
Balance, end of period	1,052,387	1,055,890	1,055,890
Other
Summary of activity related to goodwill by business segment
Gross balance	7,190	7,190	7,190	7,190
Accumulated impairment losses	0	0	0	$ 0
Goodwill [Roll Forward]
Balance, beginning of period	7,190	7,190	7,190
Goodwill allocated to assets held for sale	0
Balance, end of period	$ 7,190	$ 7,190	7,190
Nuvyyo
Goodwill [Roll Forward]
Impairment of goodwill			(952,000)
Nuvyyo \| Local Media
Goodwill [Roll Forward]
Impairment of goodwill			0
Nuvyyo \| Scripps Networks
Goodwill [Roll Forward]
Impairment of goodwill			(952,000)
Nuvyyo \| Other
Goodwill [Roll Forward]
Impairment of goodwill			$ 0

Fair Value Measurement (Details) - USD ($) $ in Thousands	Dec. 31, 2025	Dec. 31, 2024
Assets and liabilities that are measured at fair value on a recurring basis
Cash equivalents	$ 17,255	$ 14,447
Level 1
Assets and liabilities that are measured at fair value on a recurring basis
Cash equivalents	17,255	14,447
Level 2
Assets and liabilities that are measured at fair value on a recurring basis
Cash equivalents	0	0
Level 3
Assets and liabilities that are measured at fair value on a recurring basis
Cash equivalents	$ 0	$ 0

Restructuring Costs and Other Transactions - Narrative (Details) $ in Thousands	3 Months Ended	12 Months Ended
	Dec. 31, 2024 USD ($)	Dec. 31, 2025 USD ($)	Dec. 31, 2024 USD ($) position	Dec. 31, 2023 USD ($)
Restructuring Cost and Reserve [Line Items]
Number of positions eliminated (more than) \| position			200
Restructuring costs		$ 9,828	$ 33,525	$ 38,612
TrueReal Restructuring
Restructuring Cost and Reserve [Line Items]
Restructuring costs		9,828	33,525	38,612
TrueReal Restructuring \| Employee Severance
Restructuring Cost and Reserve [Line Items]
Restructuring costs		5,600
Severance cost	$ 9,700		11,000	17,100
TrueReal Restructuring \| Employee Severance \| Executive Officer
Restructuring Cost and Reserve [Line Items]
Severance cost	$ 4,700
TrueReal Restructuring \| Operating Lease Exit Costs
Restructuring Cost and Reserve [Line Items]
Restructuring costs		$ 2,100
TrueReal Restructuring \| Write-Down of Programming Assets
Restructuring Cost and Reserve [Line Items]
Severance cost			$ 3,200	13,600
TrueReal Restructuring \| Operating Lease Impairment
Restructuring Cost and Reserve [Line Items]
Severance cost				$ 1,300

Restructuring Costs and Other Transactions (Tables)

12 Months Ended

Dec. 31, 2025

Restructuring and Related Activities [Abstract]

Restructuring and Related Costs


(in thousands)	Severance and Employee Benefits		Other Restructuring Charges		Total

Liability as of December 31, 2022	$	—	$	—	$	—
Net accruals	17,066		21,546		38,612
Payments	(9,192)		(5,183)		(14,375)
Non-cash (a)	(1,139)		(14,933)		(16,072)
Liability as of December 31, 2023	6,735		1,430		8,165
Net accruals	25,371		8,154		33,525
Payments	(22,353)		(6,474)		(28,827)
Non-cash (a)	(100)		(3,110)		(3,210)
Liability as of December 31, 2024	9,653		—		9,653
Net accruals	5,598		4,230		9,828
Payments	(15,043)		(298)		(15,341)
Non-cash (a)	(208)		(1,397)		(1,605)
Liability as of December 31, 2025	$	—	$	2,535	$	2,535

(a) Represents share-based compensation costs and asset write-downs included in restructuring charges.

Segment Information (Tables)

12 Months Ended

Dec. 31, 2025

Segment Reporting [Abstract]

Schedule of Information Regarding Business Segments

Information regarding our segments is as follows:


	For the year ended December 31, 2025
(in thousands)	Local Media		Scripps Networks		Total

Revenues from external customers	$	1,326,495	$	804,217	$	2,130,712
Intersegment revenues	19,068		—		19,068
Reportable segments revenues	1,345,563		804,217		2,149,780
Other revenues(a)					19,873
Intersegment eliminations					(19,068)
Total consolidated operating revenues					$	2,150,585
Less:(b)
Employee compensation and benefits	420,728		86,756
Programming(c)	545,852		327,712
Other segment items(d)	185,396		152,905
Segment profit for reportable segments	193,587		236,844		$	430,431
Other segment profit (loss)(a)					(29,136)
Shared services and corporate					(88,228)
Restructuring costs					(9,828)
Depreciation and amortization of intangible assets					(150,832)

Gains (losses), net on disposal of property and equipment					31,587
Interest expense					(220,968)
Loss on extinguishment of debt					(12,998)
Other financing transaction costs					(44,537)
Defined benefit pension plan income (expense)					(1,284)
Miscellaneous, net					(23,709)
Income (loss) from operations before income taxes					$	(119,502)

(b) The significant expense categories and amounts align with the segment-level information that is regularly provided to the chief operating decision maker.

(d) Other segment items for each reportable segment includes marketing and advertising expenses, research costs, certain occupancy costs and other administrative costs.


	For the year ended December 31, 2024
(in thousands)	Local Media		Scripps Networks		Total

Revenues from external customers	$	1,655,257	$	835,809	$	2,491,066
Intersegment revenues	19,061		—		19,061
Reportable segments revenues	1,674,318		835,809		2,510,127
Other revenues(a)					18,706
Intersegment eliminations					(19,061)
Total consolidated operating revenues					$	2,509,772
Less:(b)
Employee compensation and benefits	437,345		120,862
Programming(c)	521,615		354,281
Other segment items(d)	202,140		170,491
Segment profit for reportable segments	513,218		190,175		$	703,393
Other segment profit (loss)(a)					(31,632)
Shared services and corporate					(88,941)
Restructuring costs					(33,525)
Depreciation and amortization of intangible assets					(155,228)

Gains (losses), net on disposal of property and equipment					18,424
Interest expense					(210,344)
Defined benefit pension plan income (expense)					674
Miscellaneous, net					7,160
Income (loss) from operations before income taxes					$	209,981


	For the year ended December 31, 2023
(in thousands)	Local Media		Scripps Networks		Total

Revenues from external customers	$	1,380,281	$	893,234	$	2,273,515
Intersegment revenues	17,949		—		17,949
Reportable segments revenues	1,398,230		893,234		2,291,464
Other revenues(a)					19,397
Intersegment eliminations					(17,949)
Total consolidated operating revenues					$	2,292,912
Less:(b)
Employee compensation and benefits	435,916		124,669
Programming(c)	493,578		360,684
Other segment items(d)	181,297		182,096
Segment profit for reportable segments	287,439		225,785		$	513,224
Other segment profit (loss)(a)					(26,451)
Shared services and corporate					(91,954)
Restructuring costs					(38,612)

Depreciation and amortization of intangible assets					(155,105)
Impairment of goodwill					(952,000)
Gains (losses), net on disposal of property and equipment					(2,344)
Interest expense					(213,512)

Defined benefit pension plan income (expense)					650
Miscellaneous, net					(1,407)
Income (loss) from operations before income taxes					$	(967,511)

(b) The significant expense categories and amounts align with the segment-level information that is regularly provided to the chief operating decision maker.

(d) Other segment items for each reportable segment includes marketing and advertising expenses, research costs, certain occupancy costs and other administrative costs.

Other segment disclosures are as follows:


	For the years ended December 31,
(in thousands)	2025		2024		2023

Depreciation:
Local Media	$	37,487	$	41,651	$	39,642
Scripps Networks	19,667		19,199		19,600
Total depreciation for reportable segments	57,154		60,850		59,242
Other	224		243		184
Shared services and corporate	1,472		899		1,299
Total depreciation	$	58,850	$	61,992	$	60,725
Amortization of intangible assets:
Local Media	$	32,738	$	34,762	$	36,322
Scripps Networks	52,807		51,904		52,036
Total amortization of intangible assets for reportable segments	85,545		86,666		88,358
Other	859		1,777		1,795
Shared services and corporate	5,578		4,793		4,227
Total amortization of intangible assets	$	91,982	$	93,236	$	94,380
Additions to property and equipment:
Local Media	$	36,719	$	45,778	$	55,244
Scripps Networks	4,810		12,095		5,654
Total additions to property and equipment for reportable segments	41,529		57,873		60,898
Other	762		959		75
Shared services and corporate	1,021		6,645		1,530
Total additions to property and equipment	$	43,312	$	65,477	$	62,503

Total assets by segment for the years ended December 31 were as follows:


	As of December 31,
(in thousands)	2025		2024

Assets:
Local Media	$	2,297,873	$	2,323,964
Scripps Networks	2,567,155		2,753,971
Total assets by reportable segments	4,865,028		5,077,935
Other(a)	32,759		34,800
Shared services and corporate	110,841		85,840


Total assets	$	5,008,628	$	5,198,575

Disaggregation of Revenue

A disaggregation of the principal activities from which we generate revenue is as follows:


	For the years ended December 31,
(in thousands)	2025		2024		2023

Operating revenues:
Core advertising	$	1,332,495	$	1,330,191	$	1,444,539
Political	21,874		362,523		33,460
Distribution	758,679		784,573		779,217
Other	37,537		32,485		35,696
Total operating revenues	$	2,150,585	$	2,509,772	$	2,292,912