The E.W. Scripps Company reported a net loss attributable to shareholders of $1.2 billion, or $12.68 per share, for the quarter ended June 30, 2026, driven primarily by a $1.1 billion non-cash goodwill and intangible asset impairment charge in its Scripps Networks segment. Total revenue declined 9.2% to $490 million, with Local Media revenue down 5.4% to $317 million and Scripps Networks revenue falling 16% to $172 million. The company eliminated 268 jobs as part of its transformation plan and expects approximately $100 million in annual run-rate savings by year-end. Political advertising reached a quarterly record of $28 million, while distribution revenue dropped due to temporary station blackouts during retransmission negotiations. The media industry company operates local television stations and national networks.