10-Q

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 10-Q

þ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the quarterly period ended September 30, 2015

OR

o TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the transition period from to

Commission File Number 0-16914

THE E.W. SCRIPPS COMPANY

(Exact name of registrant as specified in its charter)

Ohio (State or other jurisdiction of incorporation or organization)	31-1223339 (IRS Employer Identification Number)
312 Walnut Street Cincinnati, Ohio (Address of principal executive offices)	45202 (Zip Code)
Registrant's telephone number, including area code: (513) 977-3000
Not applicable (Former name, former address and former fiscal year, if changed since last report.)

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.     Yes þ No o

Indicate by check mark whether the registrant has submitted electronically and posted on its corporate Web site, if any, every Interactive Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-T (§ 232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit and post such files).    Yes þ No o

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller reporting company. See definition of “large accelerated filer”, “accelerated filer” and “smaller reporting company “in Rule 12b-2 of the Exchange Act.

Large accelerated filer o Accelerated filer þ Non-accelerated filer o (Do not check if a smaller reporting company) Smaller reporting company o

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Act). Yes o No þ

Indicate the number of shares outstanding of each of the issuer's classes of common stock, as of the latest practicable date. As of September 30, 2015, there were 71,937,143 of the registrant’s Class A Common shares, $.01 par value per share, outstanding and 11,932,722 of the registrant’s Common Voting shares, $.01 par value per share, outstanding.

Index to The E.W. Scripps Company Quarterly Report

on Form 10-Q for the Quarter Ended September 30, 2015

Item No.	Page
PART I - Financial Information
1. Financial Statements	3
2. Management's Discussion and Analysis of Financial Condition and Results of Operations	3
3. Quantitative and Qualitative Disclosures About Market Risk	3
4. Controls and Procedures	3
PART II - Other Information
1. Legal Proceedings	3
1A. Risk Factors	3
2. Unregistered Sales of Equity Securities and Use of Proceeds	4
3. Defaults Upon Senior Securities	4
4. Mine Safety Disclosures	4
5. Other Information	4
6. Exhibits	4
Signatures	5

2

PART I

As used in this Quarterly Report on Form 10-Q, 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.

Item 1. Financial Statements

The information required by this item is filed as part of this Form 10-Q. See Index to Financial Information at page F-1 of this Form 10-Q.

Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations

The information required by this item is filed as part of this Form 10-Q. See Index to Financial Information at page F-1 of this Form 10-Q.

Item 3. Quantitative and Qualitative Disclosures About Market Risk

The information required by this item is filed as part of this Form 10-Q. See Index to Financial Information at page F-1 of this Form 10-Q.

Item 4. Controls and Procedures

The information required by this item is filed as part of this Form 10-Q. See Index to Financial Information at page F-1 of this Form 10-Q.

PART II

Item 1. Legal Proceedings

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.

Item 1A. Risk Factors

There have been no material changes to the risk factors disclosed in Item 1A. Risk Factors on our Quarterly Report on Form 10-Q for the quarter ended March 31, 2015.

3

Item 2. Unregistered Sales of Equity Securities and Use of Proceeds

There were no sales of unregistered equity securities during the quarter ended September 30, 2015.

The following table provides information about Company purchases of Class A Common shares during the quarter ended September 30, 2015 and the remaining amount that may still be purchased under the program.

Period	Total number of shares purchased	Average price paid per share		Total market value of shares purchased		Maximum value that may yet be purchased under the plans or programs
7/1/15-7/31/15	93,500	$	22.23	$	2,078,300	$	95,239,275
8/1/15-8/31/15	71,200	19.78		1,408,036		$	93,831,239
9/1/15-9/30/15	280,500	16.87		4,732,648		$	89,098,591
Total	445,200	$	18.46	$	8,218,984

In May 2014, our Board of Directors authorized a repurchase program of up to $100 million of our Class A Common shares through December 2016.

Item 3. Defaults Upon Senior Securities

There were no defaults upon senior securities during the quarter ended September 30, 2015.

Item 4. Mine Safety Disclosures

None.

Item 5. Other Information

None.

Item 6. Exhibits

The information required by this item is filed as part of this Form 10-Q. See Index to Exhibits at page E-1 of this Form 10-Q.

4

Signatures

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

	THE E.W. SCRIPPS COMPANY
Dated: November 6, 2015	By:	/s/ Douglas F. Lyons
		Douglas F. Lyons
		Vice President, Controller and Treasurer
		(Principal Accounting Officer)

5

The E.W. Scripps Company

Index to Financial Information (Unaudited)

Item	Page
Condensed Consolidated Balance Sheets	F-2
Condensed Consolidated Statements of Operations	F-3
Condensed Consolidated Statements of Comprehensive Loss	F-4
Condensed Consolidated Statements of Cash Flows	F-5
Condensed Consolidated Statements of Equity	F-6
Condensed Notes to Consolidated Financial Statements	F-7
Management’s Discussion and Analysis of Financial Condition and Results of Operations	F-24
Quantitative and Qualitative Disclosures About Market Risk	F-35
Controls and Procedures	F-36

F-1

The E.W. Scripps Company

Condensed Consolidated Balance Sheets (Unaudited)

(in thousands, except share data)	As of   September 30,   2015			As of   December 31,   2014
Assets
Current assets:
Cash and cash equivalents	$	81,342		$	158,459
Restricted cash	6,560			6,810
Accounts and notes receivable (less allowances — $1,657 and $1,390)	164,972			99,609
Transition services agreement receivable, net	2,473			—
Deferred income taxes	28,553			10,754
Income taxes receivable	1,622			—
Miscellaneous	8,751			6,521
Assets of discontinued operations — current	—			46,507
Total current assets	294,273			328,660
Investments	14,876			9,454
Property, plant and equipment	269,792			157,841
Goodwill	586,342			106,261
Other intangible assets	478,006			187,259
Deferred income taxes	—			54,612
Miscellaneous	23,921			15,743
Assets held for sale	14,500			—
Assets of discontinued operations — noncurrent	—			172,901
Total Assets	$	1,681,710		$	1,032,731
Liabilities and Equity
Current liabilities:
Accounts payable	$	21,994		$	13,987
Customer deposits and unearned revenue	10,999			8,812
Current portion of long-term debt	6,792			2,000
Accrued liabilities:
Employee compensation and benefits	29,762			20,901
Miscellaneous	30,241			31,890
Other current liabilities	11,716			9,306
Liabilities of discontinued operations — current	—			47,642
Total current liabilities	111,504			134,538
Long-term debt (less current portion)	396,812			196,000
Deferred income taxes	3,201			—
Other liabilities (less current portion)	277,739			169,171
Liabilities of discontinued operations — noncurrent	—			13,089
Equity:
Preferred stock, $.01 par — authorized: 25,000,000 shares; none outstanding	—			—
Common stock, $.01 par:
Class A — authorized: 240,000,000 shares; issued and outstanding: 71,937,143 and 45,062,522 shares	719			451
Voting — authorized: 60,000,000 shares; issued and outstanding: 11,932,722 and 11,932,722 shares	119			119
Total	838			570
Additional paid-in capital	1,164,637			525,456
Retained earnings (accumulated deficit)	(147,969		)	118,693
Accumulated other comprehensive loss, net of income taxes	(125,052		)	(126,443		)
The E.W. Scripps Company total shareholders’ equity	892,454			518,276
Noncontrolling interest — discontinued operations	—			1,657
Total equity	892,454			519,933
Total Liabilities and Equity	$	1,681,710		$	1,032,731

See notes to condensed consolidated financial statements.

F-2

The E.W. Scripps Company

Condensed Consolidated Statements of Operations (Unaudited)

	Three Months Ended   September 30,						Nine Months Ended   September 30,
(in thousands, except per share data)	2015			2014			2015			2014
Operating Revenues:
Advertising	$	144,983		$	103,700		$	389,088		$	292,472
Retransmission	36,287			15,235			100,700			40,409
Other	8,421			4,191			21,060			15,245
Total operating revenues	189,691			123,126			510,848			348,126
Costs and Expenses:
Employee compensation and benefits	88,296			64,713			247,776			189,294
Programs and program licenses	36,791			16,181			88,837			42,951
Other expenses	41,693			26,431			115,037			84,670
Defined benefit pension plan expense	2,976			1,613			9,782			4,253
Acquisition and related integration costs	4,206			2,783			36,953			6,984
Total costs and expenses	173,962			111,721			498,385			328,152
Depreciation, Amortization, and Losses (Gains):
Depreciation	11,092			6,528			25,883			17,846
Amortization of intangible assets	5,181			2,178			12,051			5,785
Impairment of goodwill and intangibles	24,613			—			24,613			—
Losses (gains), net on disposal of property, plant and equipment	200			(2,979		)	579			(2,931		)
Net depreciation, amortization, and losses (gains)	41,086			5,727			63,126			20,700
Operating (loss) income	(25,357		)	5,678			(50,663		)	(726		)
Interest expense	(4,246		)	(2,050		)	(10,523		)	(6,345		)
Miscellaneous, net	1,061			170			12			(210		)
(Loss) income from continuing operations before income taxes	(28,542		)	3,798			(61,174		)	(7,281		)
(Benefit) provision for income taxes	(4,099		)	2,755			(15,661		)	(1,308		)
Net (loss) income from continuing operations	(24,443		)	1,043			(45,513		)	(5,973		)
Net (loss) income from discontinued operations, net of tax	—			(2,384		)	(15,432		)	785
Net loss	$	(24,443	)	$	(1,341	)	$	(60,945	)	$	(5,188	)
Net (loss) income per basic share of common stock:
(Loss) income from continuing operations	$	(0.29	)	$	0.02		$	(0.61	)	$	(0.10	)
(Loss) income from discontinued operations	—			(0.04		)	(0.21		)	0.01
Net loss per basic share of common stock	$	(0.29	)	$	(0.02	)	$	(0.82	)	$	(0.09	)
Net (loss) income per diluted share of common stock:
(Loss) income from continuing operations	$	(0.29	)	$	0.02		$	(0.61	)	$	(0.10	)
(Loss) income from discontinued operations	—			(0.04		)	(0.21		)	0.01
Net loss per diluted share of common stock	$	(0.29	)	$	(0.02	)	$	(0.82	)	$	(0.09	)

See notes to condensed consolidated financial statements.

F-3

The E.W. Scripps Company

Condensed Consolidated Statements of Comprehensive Loss (Unaudited)

	Three Months Ended   September 30,						Nine Months Ended   September 30,
(in thousands)	2015			2014			2015			2014
Net loss	$	(24,443	)	$	(1,341	)	$	(60,945	)	$	(5,188	)
Changes in fair value of derivative, net of tax of $37, $37, $110 and $111	59			59			178			177
Changes in defined benefit pension plans, net of tax of $471, $364, $(740) and $924	762			441			(1,113		)	1,329
Total comprehensive loss	$	(23,622	)	$	(841	)	$	(61,880	)	$	(3,682	)

See notes to condensed consolidated financial statements.

F-4

The E.W. Scripps Company

Condensed Consolidated Statements of Cash Flows (Unaudited)

	Nine Months Ended   September 30,
(in thousands)	2015			2014
Cash Flows from Operating Activities:
Net loss	$	(60,945	)	$	(5,188	)
Loss (income) from discontinued operations	15,432			(785		)
Loss from continuing operations	(45,513		)	(5,973		)
Adjustments to reconcile net loss from continuing operations to net cash flows from operating activities:
Depreciation and amortization	37,934			23,631
Impairment of goodwill and intangibles	24,613			—
Losses (gains) on sale of property, plant and equipment	579			(2,931		)
Deferred income taxes	(14,410		)	4,824
Stock and deferred compensation plans	8,393			3,376
Pension expense, net of payments	10,065			3,759
Other changes in certain working capital accounts, net	(46,091		)	15,748
Miscellaneous, net	2,788			(1,384		)
Net cash (used in) provided by continuing operating activities	(21,642		)	41,050
Net cash provided by discontinued operating activities	6,861			29,984
Net operating activities	(14,781		)	71,034
Cash Flows from Investing Activities:
Acquisitions, net of cash acquired	(46,838		)	(149,334		)
Proceeds from sale of property, plant and equipment	15			6,318
Additions to property, plant and equipment	(15,244		)	(11,908		)
Purchase of investments	(7,087		)	(2,003		)
Change in restricted cash	250			1,400
Miscellaneous, net	—			389
Net cash used in continuing investing activities	(68,904		)	(155,138		)
Net cash used in discontinued investing activities	(1,561		)	(1,330		)
Net investing activities	(70,465		)	(156,468		)
Cash Flows from Financing Activities:
Proceeds from issuance of long-term debt	200,000			—
Payments on long-term debt	(121,269		)	(1,500		)
Payments of financing costs	(2,592		)	(483		)
Dividends paid	(59,523		)	—
Repurchase of Class A Common shares	(10,901		)	(21,237		)
Proceeds from employee stock options	6,041			13,175
Tax payments related to shares withheld for RSU vesting	(5,126		)	(4,035		)
Miscellaneous, net	1,499			2,628
Net cash provided by (used in) continuing financing activities	8,129			(11,452		)
Net cash provided by (used in) discontinued financing activities	—			—
Net financing activities	8,129			(11,452		)
Decrease in cash and cash equivalents	(77,117		)	(96,886		)
Cash and cash equivalents:
Beginning of year	158,459			221,255
End of period	$	81,342		$	124,369
Supplemental Cash Flow Disclosures
Interest paid	$	9,353		$	5,511
Income taxes paid	$	14,709		$	397

See notes to condensed consolidated financial statements.

F-5

The E.W. Scripps Company

Condensed Consolidated Statements of Equity (Unaudited)

(in thousands, except share data)	Common Stock			Additional Paid-in Capital			Retained Earnings (Accumulated Loss)			Accumulated Other Comprehensive Loss			Noncontrolling Interests			Total Equity
As of December 31, 2013	$	560		$	509,243		$	116,893		$	(80,923	)	$	1,964		$	547,737
Net loss	—			—			(5,188		)	—			(302		)	(5,490		)
Changes in defined benefit pension plans	—			—			—			1,329			—			1,329
Changes in fair value of derivative	—			—			—			177			—			177
Repurchase 1,181,560 Class A Common shares	(12		)	(12,496		)	(8,729		)	—			—			(21,237		)
Compensation plans: 1,779,404 net shares issued *	18			14,317			—			—			—			14,335
As of September 30, 2014	$	566		$	511,064		$	102,976		$	(79,417	)	$	1,662		$	536,851
As of December 31, 2014	$	570		$	525,456		$	118,693		$	(126,443	)	$	1,657		$	519,933
Net loss	—			—			(60,945		)	—			—			(60,945		)
Changes in defined benefit pension plans	—			—			—			(1,113		)	—			(1,113		)
Changes in fair value of derivative	—			—			—			178			—			178
Cash dividends: declared and paid — $1.03 per share	—			—			(59,523		)	—			—			(59,523		)
Shares issued for acquisition: 26,350,993 shares issued	263			635,737			—			—			—			636,000
Spin-off of Newspapers	—			—			(141,231		)	2,326			(1,657		)	(140,562		)
Repurchase 561,019 Class A Common shares	(6		)	(5,932		)	(4,963		)	—			—			(10,901		)
Compensation plans: 1,084,647 net shares issued *	11			9,376			—			—			—			9,387
As of September 30, 2015	$	838		$	1,164,637		$	(147,969	)	$	(125,052	)	$	—		$	892,454

* Net of tax payments related to shares withheld for vested stock and RSUs of $5,126 in 2015 and $4,035 in 2014.

See notes to condensed consolidated financial statements.

F-6

The E.W. Scripps Company

Condensed Notes to Consolidated Financial Statements (Unaudited)

1. Summary of Significant Accounting Policies

As used in the Condensed 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.

Basis of Presentation — The condensed consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America for interim financial information and with the instructions to Form 10-Q and Rule 10-01 of Regulation S-X. The interim financial statements should be read in conjunction with the audited consolidated financial statements, including the notes thereto included in our 2014 Annual Report on Form 10-K. In management's opinion, all adjustments (consisting of normal recurring accruals) necessary for a fair presentation of the interim periods have been made.

Results of operations are not necessarily indicative of the results that may be expected for future interim periods or for the full year.

Nature of Operations — We are a diverse media enterprise with a portfolio of television, radio and digital media brands. All of our media businesses provide content and advertising services via digital platforms, including the web, smartphones and tablets. Our media businesses are organized into the following reportable business segments: television, radio, digital, and syndication and other. Additional information for our business segments is presented in the Condensed Notes to Consolidated Financial Statements.

On April 1, 2015, we distributed our newspaper business to our shareholders in a tax-free spin-off. See Note 17 for additional information on the spin-off.

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 plans; 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.

Revenue Recognition — We recognize revenue when persuasive evidence of a sales arrangement exists, delivery occurs or services are rendered, the sales price is fixed or determinable and collectability is reasonably assured. When a sales arrangement contains multiple elements, such as the sale of advertising and other services, we allocate revenue to each element based upon its relative fair value. We report revenue net of sales and other taxes collected from our customers.

Our primary sources of revenue are from the sale of broadcast and digital advertising and retransmission fees received from cable operators and satellite carriers.

The revenue recognition policies for each source of revenue are described in our 2014 Annual Report on Form 10-K.

Share-Based Compensation — We have a Long-Term Incentive Plan (the “Plan”) which is described more fully in our Annual Report on Form 10-K for the year ended December 31, 2014. The Plan provides for the award of incentive and nonqualified stock options, stock appreciation rights, restricted stock units (RSUs), unrestricted Class A Common shares and performance units to key employees and non-employee directors.

Share-based compensation costs totaled $1.4 million and $0.3 million for the third quarter of 2015 and 2014, respectively, of which $0.1 million of third quarter 2014 is included in discontinued operations. Year-to-date share-based compensation costs

F-7

totaled $8.5 million and $4.9 million in 2015 and 2014, respectively. Year-to-date costs included in discontinued operations were $1.1 million and $1.2 million in 2015 and 2014, respectively.

Earnings Per Share (“EPS”) — Unvested awards of share-based payments with rights to receive dividends or dividend equivalents, such as 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:

	Three Months Ended   September 30,					Nine Months Ended   September 30,
(in thousands)	2015			2014		2015			2014
Numerator (for basic and diluted earnings per share)
Net (loss) income from continuing operations	$	(24,443	)	$	1,043	$	(45,513	)	$	(5,973	)
Less income allocated to RSUs	—			—		—			—
Numerator for basic and diluted earnings per share from continuing operations	$	(24,443	)	$	1,043	$	(45,513	)	$	(5,973	)
Denominator
Basic weighted-average shares outstanding	84,107			56,469		75,213			56,200
Effect of dilutive securities:
Stock options held by employees and directors	—			—		—			—
Diluted weighted-average shares outstanding	84,107			56,469		75,213			56,200
Anti-dilutive securities (1)	2,148			3,313		2,148			3,313

⁽¹⁾ Amount outstanding at balance sheet date, before application of the treasury stock method and not weighted for period outstanding.

For the quarter ended September 30, 2015 and nine month periods ended September 30, 2015 and 2014, we incurred a net loss and the inclusion of RSUs and stock options held by employees and directors would have been anti-dilutive, and accordingly the diluted EPS calculation for the period excludes those common share equivalents. For the quarter ended September 30, 2014 there was net income from continuing operations. Prior to recasting the historical financial statements for discontinued operations, we incurred a net loss for the quarter ended September 30, 2014, and therefore we did not apply the two-class method. We have not changed our application of the two-class method due to the recasting of our historical financial statements, which changed income from continuing operations from a loss to income.

Derivative Financial Instruments — It is our policy that derivative transactions are executed only to manage exposures arising in the normal course of business and not for the purpose of creating speculative positions or trading. Derivative financial instruments are utilized to manage interest rate risks. We do not hold derivative financial instruments for trading purposes. All derivatives are recorded on the balance sheet at fair value. Each derivative is designated as a cash flow hedge or remains undesignated. Changes in the fair value of derivatives that are designated and effective as cash flow hedges are recorded in other comprehensive income (loss) and reclassified to earnings when the effects of the item being hedged are recognized in earnings. These changes are offset in earnings to the extent the hedge was effective by fair value changes related to the risk being hedged on the hedged item. Changes in the fair value of undesignated hedges are recognized currently in earnings. All ineffective changes in derivative fair values are recognized currently in earnings.

All designated hedges are formally documented as to the relationship with the hedged item as well as the risk-management strategy. Both at inception and on an ongoing basis, the hedging instrument is assessed as to its effectiveness, when applicable. If and when a derivative is determined not to be highly effective as a hedge, the underlying hedged transaction is no longer likely to occur, the hedge designation is removed, or the derivative is terminated, the hedge accounting discussed above is discontinued.

2. Recently Adopted Standards and Issued Accounting Standards

Recently Issued Accounting Standards — In April 2015, the Financial Accounting Standards Board (FASB) issued new guidance for the presentation of debt issuance costs in the financial statements. Under this new guidance, debt issuance costs

F-8

(except for lines of credit) are classified in the balance sheet as a direct deduction from the related debt liability rather than as an asset. Additionally, amortization of these costs must be classified as interest expense. The guidance is effective for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2015. Early adoption is permitted. Adoption of this standard will result in us netting deferred loan costs, which as of September 30, 2015 totaled $3.5 million, against long-term debt. Reported interest expense will not be affected.

In August 2014, the FASB issued new guidance related to the disclosures around consideration of going concern. The new standard provides guidance around management's responsibility to evaluate whether there is substantial doubt about an entity's ability to continue as a going concern and to provide related footnote disclosures. The new standard is effective for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2015. Early adoption is permitted. The adoption of this standard is not expected to have a material impact on our consolidated financial statements.

In May 2014, the FASB issued new guidance on revenue recognition. Under this new standard, an entity shall recognize revenue when it transfers promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. The standard creates a five-step process that requires entities to exercise judgment when considering the terms of the contract(s) and all relevant facts and circumstances. This standard permits the use of either the retrospective or cumulative effect transition method and will be effective for us beginning in 2018. Early adoption is permitted in 2017. We are currently assessing the impact this new guidance will have on our consolidated financial statements and have not yet determined a transition method.

Recently Adopted Accounting Standards — In April 2014, the FASB issued new guidance on reporting and disclosure requirements related to discontinued operations. With the new guidance, a disposal of a component or group of components of an entity is required to be reported in discontinued operations if the disposal represents a strategic shift that has or will have a major effect on an entity's operations and financial results. We adopted this guidance effective January 1, 2015.

3. Acquisitions

Midroll Media

On July 22, 2015, we acquired Midroll Media, a Los Angeles-based company that creates original podcasts and operates a network that generates advertising revenue for more than 200 shows, including “StartUp” and “Nerdist.” The purchase price was $50 million in cash, plus a $10 million earnout payable over three years. We have estimated the fair value of the earnout to be $5 million.

Pending the finalization of third-party valuations and other items, the following table summarizes the preliminary fair values of the assets acquired and the liabilities assumed:

(in thousands)
Assets:
Cash	$	632
Accounts receivable	2,925
Other assets	518
Intangible assets	10,700
Goodwill	43,176
Total assets acquired	57,951
Current liabilities	3,365
Net purchase price	$	54,586

Of the $11 million allocated to intangible assets, $7 million was allocated to advertiser relationships with an estimated amortization period of 5 years and the balance of $4 million was allocated to various other intangible assets.

The goodwill of $43 million arising from the transaction consists largely of the benefit we will derive from being able to enter the podcast market with an established business. We allocated the goodwill to our digital segment. We treated the transaction as an asset acquisition for income tax purposes with a step-up in the assets acquired. The goodwill is deductible for income tax purposes.

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Journal Communications Broadcast Group

On April 1, 2015, we acquired the broadcast group owned by Journal Communications, Inc. ("Journal") as part of the transactions described in Note 17. The businesses acquired include 12 television stations and 34 radio stations. We issued 26.4 million Class A common shares to the Journal shareholders in exchange for their interest in Journal resulting in a purchase price of $636 million. The fair value of the shares issued was determined on the basis of the closing market price of our Class A common shares shares on April 1, 2015, the acquisition date.

Pending the finalization of third-party valuations and other items, the following table summarizes the preliminary fair values of the assets acquired and the liabilities assumed:

(in thousands)
Assets:
Cash	$	2,530
Accounts receivable	47,977
Other current assets	2,236
Property, plant and equipment	123,264
Intangible assets	295,000
Goodwill	459,405
Other long-term assets	6,351
Assets held for sale	14,500
Total assets acquired	951,263
Accounts payable and accrued liabilities	43,262
Employee benefit obligations	85,261
Deferred tax liability	55,054
Long-term debt	126,873
Other long-term liabilities	4,813
Net purchase price	$	636,000

During the third quarter of 2015, we recorded measurement period adjustments to the preliminary purchase price allocation, including an increase to the deferred tax liability of $12.2 million with a corresponding increase in goodwill.

Of the $295 million allocated to intangible assets, $112 million was for FCC licenses which we determined to have an indefinite life and, therefore, are not amortized. The remaining balance of $183 million was allocated to television network affiliation relationships and advertiser relationships with estimated amortization periods of 10 to 20 years.

The goodwill of $459 million arising from the transaction consists largely of synergies and economies of scale and other benefits of a larger broadcast footprint. The goodwill will be allocated to our television, radio and digital segments once the final allocation is completed. We treated the transaction as a stock acquisition for income tax purposes resulting in no step-up in the assets acquired. The goodwill is not deductible for income tax purposes.

Concurrent with the acquisition of the Journal television stations, due to FCC conflict ownership rules, Journal was required to dispose of KNIN, the Fox affiliate located in Boise, ID. The station was placed in a divestiture trust for our benefit and was sold to Raycom Media, Inc. on October 1, 2015 for $14.5 million. The sale did not result in a gain or loss. The assets of this station are classified as held for sale in our balance sheet at September 30, 2015.

Granite Broadcasting

On June 16, 2014, we closed our acquisition of two television stations owned by Granite Broadcasting Corporation — the Detroit MyNetworkTV affiliate WMYD-TV and the Buffalo, N.Y. ABC affiliate WKBW-TV ("Acquired Granite Stations") — for $110 million in cash. The acquisition of WMYD-TV created a duopoly with our Detroit ABC affiliate WXYZ-TV.

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We finalized the determination of fair values of the assets acquired and the liabilities assumed in the fourth quarter of 2014. There were no material changes in the fair values of the assets acquired and the liabilities assumed from the preliminary amounts. The following table summarizes their final fair values.

(in thousands)
Assets:
Property, plant and equipment	$	12,025
Intangible assets	53,500
Goodwill	44,715
Total assets acquired	110,240
Current liabilities	240
Net purchase price	$	110,000

Of the $54 million allocated to intangible assets, $34 million was for FCC licenses which we determined to have an indefinite life and, therefore, are not amortized. The remaining balance of $19 million was allocated to television network affiliation relationships and advertiser relationships with estimated amortization periods of 10 to 20 years.

The goodwill of $45 million arising from the transaction consists largely of synergies and economies of scale and other benefits of a larger broadcast footprint, as well as synergies from being able to create a duopoly in our Detroit market. We allocated the goodwill to our television segment. We treated the transaction as an asset acquisition for income tax purposes resulting in a step-up in the assets acquired. The goodwill is deductible for income tax purposes.

Media Convergence Group

On January 1, 2014 we completed our acquisition of Media Convergence Group, Inc., which operates as Newsy, a digital video news provider, for $35 million in cash, plus a working capital adjustment of $0.2 million.

We finalized the determination of fair values of the assets acquired and the liabilities assumed in the fourth quarter of 2014. There were no material changes in the fair values of the assets acquired and the liabilities assumed from the preliminary amounts. The following table summarizes their final fair values.

(in thousands)
Assets:
Accounts receivable	$	640
Other assets	74
Equipment and software	631
Intangible assets	5,900
Goodwill	28,983
Total assets acquired	36,228
Current liabilities	116
Long-term deferred liability	890
Net purchase price	$	35,222

Of the $6 million allocated to intangible assets, $4 million was allocated to customer relationships with an estimated amortization period of 5 years and the balance of $2 million was allocated to various other intangible assets.

The goodwill of $29 million arising from the transaction consists largely of the benefit we will derive from being able to enter the digital video market with an established business. We allocated the goodwill to our digital segment. We treated the transaction as a purchase of stock for income tax purposes with no step-up in the assets acquired. The goodwill is not deductible for income tax purposes.

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Geoterrestrial

On September 16, 2014, we completed our acquisition of Geoterrestrial, Inc. ("WeatherSphere") for $4 million. WeatherSphere is a provider of weather-related mobile apps. The stock purchase agreement includes an earnout provision, whereby up to an additional $2.5 million may be payable over a three year period. We estimated the fair value of the earnout to be $1.2 million.

Pro forma results of operations

Pro forma results of operations, assuming the Granite and Journal transactions (collectively the "Acquired Stations") had taken place at the beginning of 2013 and 2014, respectively, are included in the following table. The pro forma results do not include Midroll, Newsy or Weathersphere as the impact of these acquisitions, individually or in the aggregate, are not material to prior year results of operations. The pro forma information includes the historical results of operations of Scripps and the Acquired Stations and adjustments for additional depreciation and amortization of the assets acquired, additional interest expense related to the financing of the transaction and reflecting the transaction costs incurred in 2015 as if they were incurred in the first quarter of 2014. The weighted average shares utilized in calculating the earnings per share assumes that the shares issued to the Journal shareholders were issued on January 1, 2014. The pro forma information does not include efficiencies, cost reductions or synergies expected to result from the acquisition. The unaudited pro forma financial information is not necessarily indicative of the results that actually would have occurred had the acquisition been completed at the beginning of the period.

	Three Months Ended   September 30,					Nine Months Ended   September 30,
(in thousands, except per share data) (unaudited)	2015			2014		2015			2014
Operating revenues	$	189,691		$	192,621	$	573,310		$	560,097
(Loss) income from continuing operations attributable to the shareholders of The E.W. Scripps Company	(23,606		)	6,093		(17,028		)	(18,586		)
(Loss) income per share from operations attributable to the shareholders of The E.W. Scripps Company:
Basic	$	(0.27	)	0.07		$	(0.19	)	(0.23		)
Diluted	(0.27		)	0.07		(0.19		)	(0.23		)

4. Income Taxes

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

The income tax provision for interim periods is generally determined based upon the expected effective income tax rate for the full year and the tax rate applicable to certain discrete transactions in the interim period. To determine the annual effective income tax rate, we must estimate both the total income (loss) before income tax for the full year and the jurisdictions in which that income (loss) is subject to tax. The actual effective income tax rate for the full year may differ from these estimates if income (loss) before income tax is greater than or less than what was estimated or if the allocation of income (loss) to jurisdictions in which it is taxed is different from the estimated allocations. We review and adjust our estimated effective income tax rate for the full year each quarter based upon our most recent estimates of income (loss) before income tax for the full year and the jurisdictions in which we expect that income will be taxed.

The effective income tax rate for the nine months ended September 30,2015 and 2014 was 26% and 18%, respectively. The primary reason for the difference between these rates and the U.S. federal statutory rate of 35% is the impact of state taxes, non-deductible expenses (including a portion of transaction expense related to the Journal transactions) and adjustments to reserves for uncertain tax positions (including interest). In addition, the non-cash goodwill impairment charge in 2015 is not deductible for income tax purposes.

Deferred tax assets totaled $25 million at September 30, 2015. Management believes that it is more likely than not that we will realize the benefits of our federal deferred tax assets and therefore has not recorded a valuation allowance for our federal deferred tax assets. If economic conditions worsen, future estimates of taxable income could be lower than our current estimates which may require valuation allowances to be recorded in future reporting periods.

F-12

We recognize 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.

During the periods ended September 30, 2015 and 2014, deferred tax assets relating to employee share-based compensation from the vesting of RSU's and the exercise of stock options have not been recognized since we are in a net tax loss position for both periods. The additional tax benefits will be reflected as net operating loss carryforwards on our tax returns, but the additional tax benefits are not recorded under GAAP until the tax deduction reduces taxes payable. When the benefit is recognized, it will be recorded as additional paid-in capital. The amount of unrecognized tax deductions for the nine months ended September 30,2015 and 2014 was approximately $26 million and $31 million, respectively.

5. Other Charges and Credits

Acquisition and related integration costs of $4.2 million and $37.0 million for the three and nine months endedSeptember 30, 2015, respectively, include costs for spinning off our newspaper operations and costs associated with acquisitions, such as legal and accounting fees, as well as costs to integrate the acquired operations.

In the third quarter of 2015, we recorded a $24.6 million non-cash charge to reduce the carrying value of our goodwill and certain intangible assets of Newsy and a smaller business. See Note 7 for additional information.

6. Restricted Cash

At September 30, 2015 and December 31, 2014, we had $6.6 million and $6.8 million, respectively, in a restricted cash account on deposit with our insurance carrier. This account serves as collateral, in place of an irrevocable stand-by letter of credit, to provide financial assurance that we will fulfill our obligations with respect to cash requirements associated with our workers compensation self-insurance. This cash is to remain on deposit with the carrier until all claims have been paid or we provide a letter of credit in lieu of the cash deposit.

7. Goodwill and Other Intangible Assets

Goodwill was as follows:

(in thousands)
Balance as of December 31, 2014	$	106,261
Journal acquisition	459,405
Midroll acquisition	43,176
Goodwill impairment	(22,500		)
Balance as of September 30, 2015	$	586,342

F-13

Other intangible assets consisted of the following:

(in thousands)	As of   September 30,   2015			As of   December 31,   2014
Amortizable intangible assets:
Carrying amount:
Television network affiliation relationships	$	248,444		$	93,944
Customer lists and advertiser relationships	56,300			20,000
Other	7,319			4,019
Total carrying amount	312,063			117,963
Accumulated amortization:
Television network affiliation relationships	(21,483		)	(14,092		)
Customer lists and advertiser relationships	(13,895		)	(7,765		)
Other	(2,494		)	(1,062		)
Total accumulated amortization	(37,872		)	(22,919		)
Net amortizable intangible assets	274,191			95,044
Other indefinite-lived intangible assets — FCC licenses	203,815			92,215
Total other intangible assets	$	478,006		$	187,259

Estimated amortization expense of intangible assets for each of the next five years is $5.6 million for the remainder of 2015, $21.8 million in 2016, $19.4 million in 2017, $19.0 million in 2018, $17.5 million in 2019, $16.9 million in 2020, and $176.9 million in later years.

Goodwill and other indefinite-lived assets are tested for impairment annually and 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. Such indicators of impairment include, but are not limited to, changes in business climate or other factors resulting in low cash flow related to such assets. The testing for impairment is a two-step process. The first step is the estimation of the fair value of each of the reporting units, which is then compared to their carrying values. If the fair value is less than the carrying value of the reporting unit then an impairment of goodwill may exist. Step two is then performed to determine the amount of impairment.

Changes in the market for the distribution of video programming services, including the development of over-the-top distribution platforms such as Apple TV, Comcast Watchable, PlutoTV, Xumo, Roku and Sling, has resulted in the need for additional investment in our digital news service, Newsy. The additional investment, combined with the slower development of our original revenue model, created indications of impairment of goodwill as of September 30, 2015.

Under the two-step process required by GAAP, we estimated the fair value of Newsy. Fair values were determined using a combination of an income approach, which estimated fair value based upon future revenues, expenses and cash flows discounted to their present value, and a market approach, which estimated fair value using market multiples of various financial measures compared to a set of comparable public companies. The discounted cash flow approach utilized unobservable factors, such as projected revenues and expenses and a discount rate applied to the estimated cash flows. The determination of the discount rate was based on a cost of capital model, using a risk-free rate, adjusted by a stock-beta adjusted risk premium and a size premium. The inputs to the nonrecurring fair value determination of our reporting units are classified as Level 3 fair value measurements under GAAP.

The valuation methodology and underlying financial information used to determine fair value requires significant judgments to be made by management. These judgments include, but are not limited to, long-term projections of future financial performance and the selection of appropriate discount rates used to determine the present value of future cash flows. Changes in such estimates or the application of alternative assumptions could produce significantly different results.

We concluded that the fair value of Newsy did not exceed its carrying value as of September 30, 2015. Because of the timing and complexity of the calculations required under step two of the process, we have not yet completed the valuation of goodwill process as of the issuance of our September 30, 2015 financial statements. However, based upon our preliminary valuations, we recorded a $21 million non-cash charge in the three months ended September 30, 2015 to reduce the carrying

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value of goodwill and $2.9 million to reduce the value of intangible assets. We expect to complete step two of the goodwill impairment analysis in the fourth quarter of 2015 and any difference between the preliminary estimated impairment charge and the final amount will be recorded at that time.

We also recorded a $1.5 million goodwill impairment charge on a second small business.

8. Long-Term Debt

Long-term debt consisted of the following:

(in thousands)	As of   September 30,   2015		As of   December 31,   2014
Variable rate credit facility	$	—	$	—
Term loan	395,500		198,000
Unsecured subordinated notes payable	8,104		—
Long-term debt	403,604		198,000
Current portion of long-term debt	6,792		2,000
Long-term debt (less current portion)	$	396,812	$	196,000
Fair value of long-term debt *	$	400,800	$	194,000

* Fair value of the term loan was estimated based on quoted private market transactions and is classified as Level 1 in the fair value hierarchy. The fair value of the unsecured promissory notes is determined based on a discounted cash flow analysis using current market interest rates of comparable instruments and is classified as a Level 2 in the fair value hierarchy.

Financing Agreement

On April 1, 2015, we entered into a $500 million second amended revolving credit and term loan agreement ("Second Amended Financing Agreement") to amend the terms of our existing revolving credit and term loan agreement ("Amended Financing Agreement"), to add an incremental $200 million term loan B borrowing and to increase the line of credit by $25 million. The proceeds from the incremental term loan B borrowing were used to pay off the $116 million Journal term loan assumed in connection with the Journal acquisition, fund the $60 million special dividend paid to the Scripps shareholders and for the payment of transaction expenses. The $400 million term loan B matures in November 2020 and the $100 million revolving credit facility matures in November 2018.

The Second Amended Financing Agreement includes the maintenance of a net leverage ratio if we borrow more than 20% on the revolving credit facility. The term loan B requires that if we borrow additional amounts or make a permitted acquisition that we cannot exceed a stated net leverage ratio on a pro forma basis at the date of the transaction.

The Second Amended Financing Agreement allows us to make restricted payments (dividends and share repurchases) up to $70 million plus additional amounts based on our financial results and condition. We can also make additional stock repurchases equal to the amount of proceeds that we receive from the exercise of stock options held by our employees. Additionally, we can make acquisitions as long as the pro forma net leverage ratio is less than 4.5 to 1.0 of assets.

The Second Amended Financing Agreement in certain circumstances requires that we must use a portion of excess cash flow, and the proceeds from the sale, to repay debt. As of September 30, 2015, we were not required to make additional principal payments based on excess cash flow. Under an amendment completed in the third quarter of 2015, any proceeds, up to a stipulated amount, that we receive from the upcoming FCC spectrum auction, should we choose to participate and our bid is accepted, will not be required to be used to pay down the term loan.

Under the terms of the Second Amended Financing Agreement, we granted the lenders mortgages on certain of our real property, pledges of our equity interests in our subsidiaries and security interests in substantially all other personal property including cash, accounts receivables, and equipment.

Interest is payable on the term loan B at rates based on LIBOR with a 0.75% floor, plus a fixed margin of 2.75%. Interest is payable on the revolving credit facility at rates based on LIBOR plus a margin based on our leverage ratio ranging from 2.25% to 2.75%. As of September 30, 2015 and December 31, 2014, the interest rate was 3.50% and 3.25%, respectively, on the term loan B. The weighted-average interest rate on borrowings was 3.42% and 3.25% for the nine months ended September 30,2015 and 2014, respectively.

Scheduled principal payments on the term loan at September 30, 2015 are: $1.0 million for the remainder of 2015, $4.0 million in 2016, $4.0 million in 2017, $4.0 million in 2018, $4.0 million in 2019 and $378.5 million in 2020.

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.

As of September 30, 2015 and December 31, 2014, we had outstanding letters of credit totaling $0.8 million and $0.2 million, respectively.

Unsecured Subordinated Notes Payable

The unsecured subordinated promissory notes bear interest at a rate of 7.25% per annum payable quarterly. The notes are payable in equal annual installments of $2.7 million on September 30 of 2016, 2017 and 2018, with no prepayment right.

9. Financial Instruments

We are exposed to various market risks, including changes in interest rates. To manage risks associated with the volatility of changes in interest rates, we may enter into interest rate management instruments.

We may utilize interest rate swaps to manage our interest expense exposure by fixing our interest rate on portions of our floating rate term loan. We have entered into a $75 million notional value interest rate swap expiring in December 2016. Under the terms of the swap, we pay a fixed interest rate of 1.08% and receive interest at a variable rate equal to 30 day LIBOR. We did not provide or receive any collateral for this contract.

Fair Value of Derivative Instruments

The notional amounts and fair values of derivative instruments are shown in the table below:

	As of September 30, 2015						As of December 31, 2014
	Notional amount		Fair value				Notional amount		Fair value
(in thousands)			Asset		Liability (1)				Asset		Liability (1)
Undesignated derivatives:
Interest rate swap	$	75,000	$	—	$	596	$	75,000	$	—	$	471

⁽¹⁾ Balance recorded as other liabilities in Condensed Consolidated Balance Sheets

Through November 2013, the above derivative instrument was designated as and qualified as a cash flow hedge and the effective portion of the unrealized gains and losses on the derivative was reported as a component of accumulated other comprehensive loss and reclassified into earnings in the periods during which the hedged transactions affected earnings. Upon refinancing our term loan in November 2013, this hedge no longer qualified as a cash flow hedge and gains and losses on the derivative are recorded in current period earnings. The balance in accumulated other comprehensive loss at the date of discontinuance of hedge accounting is being amortized into earnings on a straight-line basis through December 2016. For the period ended September 30, 2015, approximately $0.3 million was amortized into earnings from accumulated other comprehensive loss and is included in the table below as amounts reclassified from accumulated OCL, gain/(loss).

	Three Months Ended   September 30,			Nine Months Ended   September 30,
(in thousands)	2015		2014	2015		2014
Amounts reclassified from accumulated OCL, gain/(loss)	96		96	288		288
Gain/(loss) on derivative	(15	)	362	(125	)	300

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10. Fair Value Measurement

We measure certain financial assets and liabilities at fair value on a recurring basis, such as cash equivalents and derivatives. The fair values of these financial assets and liabilities 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 and liabilities that are measured at fair value on a recurring basis at September 30, 2015 and December 31, 2014:

	As of September 30, 2015
(in thousands)	Total			Level 1		Level 2			Level 3
Assets/(Liabilities):
Cash equivalents	$	5,043		$	5,043	$	—		$	—
Interest rate swap	(596		)	—		(596		)	—

	As of December 31, 2014
(in thousands)	Total			Level 1		Level 2			Level 3
Assets/(Liabilities):
Cash equivalents	$	10,000		$	10,000	$	—		$	—
Interest rate swap	(471		)	—		(471		)	—

11. Other Liabilities

Other liabilities consisted of the following:

(in thousands)	As of   September 30,   2015		As of   December 31,   2014
Employee compensation and benefits	$	16,844	$	15,914
Liability for pension benefits	230,967		136,429
Liabilities for uncertain tax positions	7,667		6,741
Other	22,261		10,087
Other liabilities (less current portion)	$	277,739	$	169,171

F-16

12. Supplemental Cash Flow Information

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

	Nine Months Ended   September 30,
(in thousands)	2015			2014
Other changes in certain working capital accounts, net
Accounts and notes receivable	$	(14,461	)	$	3,197
Transition services receivable, net	(2,473		)	—
Income taxes receivable/payable, net	(14,450		)	(5,764		)
Accounts payable	(11,303		)	1,522
Accrued employee compensation and benefits	2,059			7,611
Other accrued liabilities	(1,649		)	4,550
Other, net	(3,814		)	4,632
Total	$	(46,091	)	$	15,748

13. Employee Benefit Plans

We sponsor various noncontributory defined benefit pension plans covering substantially all full-time employees that began employment prior to June 30, 2008. Benefits earned by employees are generally based upon employee compensation and years of service credits. We also have a non-qualified Supplemental Executive Retirement Plan ("SERP"). Effective June 30, 2009, we froze the accrual of benefits under our defined benefit pension plans and our SERP that cover the majority of our employees.

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. In connection with freezing the accrual of service credits under certain of our defined benefit pension plans, we began contributing additional amounts (referred to as transition credits) to certain employees' defined contribution retirement accounts in 2011. These transition credits, which will be made through the end of 2015, are determined based upon the employee’s age, compensation and years of service.

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.

The components of the expense consisted of the following:

	Three Months Ended   September 30,						Nine Months Ended   September 30,
(in thousands)	2015			2014			2015			2014
Service cost	$	—		$	21		$	—		$	64
Interest cost	8,169			6,600			22,797			19,155
Expected return on plan assets, net of expenses	(6,625		)	(5,893		)	(18,334		)	(17,611		)
Amortization of actuarial loss	1,179			862			3,515			2,145
Curtailment	—			—			1,080			—
Total for defined benefit plans	2,723			1,590			9,058			3,753
Multi-employer plans	43			100			140			324
Withdrawal from GCIU multi-employer plan	—			—			—			4,100
SERP	253			80			800			672
Defined contribution plans	2,094			2,419			7,805			8,635
Net periodic benefit cost	5,113			4,189			17,803			17,484
Allocated to discontinued operations	—			(1,178		)	(1,096		)	(7,819		)
Net periodic benefit cost — continuing operations	$	5,113		$	3,011		$	16,707		$	9,665

F-17

We contributed $0.3 million to fund current benefit payments for our SERP during the nine months ended September 30, 2015. We anticipate contributing an additional $0.5 million to fund the SERP’s benefit payments during the remainder of 2015. No contributions were made to our defined benefit pension plans during the first nine months of 2015. A one-time curtailment charge of $1.1 million was recorded in the second quarter of 2015 related to our defined benefit pension plan as a result of the impact of the spin-off of our Newspaper business. We also remeasured the pension liabilities as a result of the newspaper spin-off on April 1, 2015.

On August 24, 2015, we offered eligible former employees with vested, deferred pension plan benefits the option of receiving their benefits either as a lump-sum distribution or an immediate annuity payment. Approximately 4,300 former Scripps employees were eligible for this offer; former Journal Communications employees were not affected. Company funds will not be used to make the lump-sum distributions. All distributions will be made from existing pension plan assets. The company expects the funded status of the plan to remain materially unchanged as a result of this offer. Eligible participants had until October 13, 2015 to make an election. The lump-sum payments are expected to be made in November 2015. After distribution of the lump-sum amounts, we will record a non-cash pension settlement charge in the fourth quarter of approximately $45 million, based on the estimated rate of acceptance.

We participate in multi-employer pension plans that cover certain employees that are members of unions or trade associations that have a collective bargaining agreement with us. In 2014, unions ratified our plan to withdraw from the Graphics Communication International Union (GCIU) Employer Retirement Fund. Upon ratification of the agreement, we estimated the undiscounted liability to be approximately $6.5 million and recorded a liability of $4.1 million in 2014 for the present value withdrawal liability. Once we reach a final agreement with the GCIU, we either will pay the liability in a lump sum or make equal monthly installments over 20 years.

14. Segment Information

We determine our business segments based upon our management and internal reporting structures. Our reportable segments are strategic businesses that offer different products and services.

Our television segment includes 15 ABC affiliates, five NBC affiliates, two FOX affiliates, two CBS affiliates and four non big-four affiliated stations. We also own five Azteca America affiliates. Our television stations reach approximately 18% of the nation’s television households. Our television stations earn revenue primarily from the sale of advertising time to local and national advertisers and retransmission fees received from cable operators and satellite carriers.

Our radio segment consists of 34 radio stations in eight markets. We operate 28 FM stations and six AM stations. Our radio stations earn revenue primarily from the sale of advertising to local advertisers.

Our digital segment includes the digital operations of our local television and radio businesses. It also includes the operations of national digital businesses such as Newsy, a digital video news service, and Midroll, a podcast industry leader. Our digital operations earn revenue primarily through the sale of advertising and marketing services.

Syndication and other primarily includes the syndication of news features and comics and other features for the newspaper industry.

We allocate a portion of certain corporate costs and expenses, including information technology, certain employee benefits and other shared services, to our business segments. The allocations are generally amounts agreed upon by management, which may differ from an arms-length amount. Corporate assets are primarily cash and cash equivalents, restricted cash, property and equipment primarily used for corporate purposes, and deferred income taxes.

Our chief operating decision maker evaluates the operating performance of our business segments and makes decisions about the allocation of resources to our business segments using a measure called segment profit. Segment profit excludes interest, defined benefit pension plan expense, 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.

Effective April 1, 2015, we began reporting our digital operations as a segment. We have recast the operating results for television, syndication and other, and shared services and corporate in prior periods to reflect this change.

F-18

Information regarding our business segments is as follows:

	Three Months Ended   September 30,						Nine Months Ended   September 30,
(in thousands)	2015			2014			2015			2014
Segment operating revenues:
Television	$	157,437		$	116,425		$	439,049		$	325,511
Radio	20,421			—			39,834			—
Digital	10,861			5,355			25,698			16,036
Syndication and other	972			1,346			6,267			6,579
Total operating revenues	$	189,691		$	123,126		$	510,848		$	348,126
Segment profit (loss):
Television	$	31,707		$	30,508		$	98,357		$	80,344
Radio	4,073			—			8,981			—
Digital	(3,639		)	(6,206		)	(13,210		)	(17,477		)
Syndication and other	(572		)	(674		)	(1,229		)	(1,230		)
Shared services and corporate	(8,658		)	(7,827		)	(33,701		)	(30,426		)
Defined benefit pension plan expense	(2,976		)	(1,613		)	(9,782		)	(4,253		)
Acquisition and related integration costs	(4,206		)	(2,783		)	(36,953		)	(6,984		)
Depreciation and amortization of intangibles	(16,273		)	(8,706		)	(37,934		)	(23,631		)
Impairment of goodwill and intangibles	(24,613		)	—			(24,613		)	—
(Losses) gains, net on disposal of property, plant and equipment	(200		)	2,979			(579		)	2,931
Interest expense	(4,246		)	(2,050		)	(10,523		)	(6,345		)
Miscellaneous, net	1,061			170			12			(210		)
(Loss) income from continuing operations before income taxes	$	(28,542	)	$	3,798		$	(61,174	)	$	(7,281	)
Depreciation:
Television	$	9,765		$	5,894		$	22,389		$	16,033
Radio	554			—			1,103			—
Digital	132			96			394			275
Syndication and other	66			40			195			80
Shared services and corporate	575			498			1,802			1,458
Total depreciation	$	11,092		$	6,528		$	25,883		$	17,846
Amortization of intangibles:
Television	$	4,262		$	1,909		$	10,412		$	5,108
Radio	280			—			560			—
Digital	639			269			1,079			677
Total amortization of intangibles	$	5,181		$	2,178		$	12,051		$	5,785
Additions to property, plant and equipment:
Television	$	5,607		$	4,100		$	13,350		$	10,540
Radio	623			—			639			—
Digital	46			46			46			108
Syndication and other	7			256			76			324
Shared services and corporate	190			253			1,133			979
Total additions to property, plant and equipment	$	6,473		$	4,655		$	15,244		$	11,951

No single customer provides more than 10% of our revenue.

F-19

15. Capital Stock

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.

Share Repurchase Plan — In May 2014, our Board of Directors authorized a repurchase program of up to $100 million of our Class A Common shares through December 2016. Shares may be repurchased from time to time at management's discretion, either in the open market, through pre-arranged trading plans or in privately negotiated block transactions. Under the authorization, we repurchased $10.9 million of shares at prices ranging from $15.90 to $24.08 per share during the first nine months of 2015. As of September 30, 2015, we have $89.1 million remaining for share repurchases under this authorization.

16. Accumulated Other Comprehensive Loss

Changes in accumulated other comprehensive loss ("AOCL") by component, including items reclassified out of AOCL, were as follows:

	Three Months Ended September 30, 2015
(in thousands)	Gains and Losses on Derivatives			Defined Benefit Pension Items			Other		Total
Beginning balance, June 30, 2015	$	(360	)	$	(125,524	)	$	11	$	(125,873	)
Other comprehensive income before reclassifications									—
Amounts reclassified from accumulated other   comprehensive loss
Interest rate swap, net of tax of $37 (a)	59			—			—		59
Actuarial loss, net of tax of $471 (b)				762			—		762
Net current-period other comprehensive loss	59			762			—		821
Ending balance, September 30, 2015	$	(301	)	$	(124,762	)	$	11	$	(125,052	)

	Three Months Ended September 30, 2014
(in thousands)	Gains and Losses on Derivatives			Defined Benefit Pension Items			Other		Total
Beginning balance, June 30, 2014	$	(600	)	$	(79,489	)	$	172	$	(79,917	)
Other comprehensive income before reclassifications	—			—			—		—
Amounts reclassified from accumulated other   comprehensive loss
Interest rate swap, net of tax of $37 (a)	59			—			—		59
Actuarial loss, net of tax of $364 (b)	—			441			—		441
Net current-period other comprehensive income	59			441			—		500
Ending balance, September 30, 2014	$	(541	)	$	(79,048	)	$	172	$	(79,417	)

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	Nine Months Ended September 30, 2015
(in thousands)	Gains and Losses on Derivatives			Defined Benefit Pension Items			Other			Total
Beginning balance, December 31, 2014	$	(479	)	$	(125,877	)	$	(87	)	$	(126,443	)
Other comprehensive income before reclassifications										—
Amounts reclassified from accumulated other   comprehensive loss
Interest rate swap, net of tax of $110(a)	178			—			—			178
Actuarial loss, net of tax of $(740) (b)	—			(1,197		)	84			(1,113		)
Net current-period other comprehensive income	178			(1,197		)	84			(935		)
Spin-off of Newspapers, net of tax of $1,517	—			2,312			14			2,326
Ending balance, September 30, 2015	$	(301	)	$	(124,762	)	$	11		$	(125,052	)

	Nine Months Ended September 30, 2014
(in thousands)	Gains and Losses on Derivatives			Defined Benefit Pension Items			Other		Total
Beginning balance, December 31, 2013	$	(718	)	$	(80,377	)	$	172	$	(80,923	)
Other comprehensive income before reclassifications	—			—			—		—
Amounts reclassified from accumulated other   comprehensive loss
Interest rate swap, net of tax of $111 (a)	177			—			—		177
Actuarial loss, net of tax of $924 (b)	—			1,329			—		1,329
Net current-period other comprehensive income	177			1,329			—		1,506
Ending balance, September 30, 2014	$	(541	)	$	(79,048	)	$	172	$	(79,417	)

^(a) Interest rate swap is included in interest expense in the Condensed Consolidated Statements of Operations

^(b) Actuarial loss is included in defined benefit pension plan expense in the Condensed Consolidated Statements of Operations

17. Journal Broadcast Merger and Newspaper Spin-off (Discontinued Operations)

On July 30, 2014, Scripps and Journal Communications, Inc. ("Journal") agreed to merge their broadcast operations and spin-off their newspaper businesses and combine them into a separate publicly traded company. On April 1, 2015, Scripps and Journal separated their respective newspaper businesses and merged them, resulting in each becoming a wholly owned subsidiary of Journal Media Group, Inc. Journal Media Group is headquartered in Milwaukee and combines the 13 Scripps newspapers with Journal's Milwaukee Journal Sentinel.

Immediately following the spin-off and merger of the newspaper businesses, the Journal broadcast operations and its related digital business, were merged into Scripps. The merged broadcast and digital media company, based in Cincinnati, retains The E.W. Scripps Company name and continues to be controlled by the Scripps family. The company’s television operations reaches approximately 18% of all U.S. television households and has approximately 4,000 employees across its television, radio and digital media operations.

As part of the transactions, Scripps' shareholders received a $60 million special cash dividend on April 1, 2015.

Certain agreements between Scripps and Journal Media Group, Inc. became effective in connection with the transactions, including Tax Matters Agreements and a Transition Services Agreement.

Under the Transition Services Agreement, Scripps and Journal Media Group provide certain services to each other for a period that generally does not extend beyond March 31, 2016. The fees for the services are at arm's length amounts. For the nine months ended September 30, 2015, we received $2.5 million for services provided to Journal Media Group and we paid Journal Media Group $0.9 million for services provided to us. Scripps continues to process and fund payrolls for its former

F-21

newspaper employees and Journal continues to process and fund payrolls for its former broadcast employees. In addition, during the initial transition period, each has paid various invoices for the other party. As of September 30, 2015, Journal Media Group owed Scripps $2.5 million.

The Tax Matters Agreements sets forth the allocations and responsibilities of Scripps and Journal Media Group with respect to liabilities for federal, state and local income taxes for periods before and after the spin-off, disputes with taxing authorities and indemnification of income taxes that would become due if the spin-off were taxable. Generally, Scripps is responsible for taxes prior to the separation and Journal Media Group will be responsible for taxes for periods after the separation of their respective businesses.

Until the completion of the spin-off of our newspaper business, generally accepted accounting principles (“GAAP”) required us to assess impairment of the newspaper business long-lived assets using the held-and-used model. Under this model, if the expected cash flows over the life of the primary asset of the reporting unit are in excess of the carrying amount there is no impairment. Under this model no impairment charges were recorded at March 31, 2015. At the date of the spin-off of our newspaper business, GAAP required us to assess impairment using the held-for-sale model. This model compares the fair value of the disposal unit to its carrying value and if the fair value is lower, an impairment loss is recorded. Our analysis determined that the carrying value of the newspaper business exceeds its fair value. Discontinued operations includes a $30 million non-cash impairment charge.

As a result of the spin-off, Scripps Newspapers has been presented as discontinued operations in the financial statements for all periods presented.

Operating results of our discontinued operations were as follows:

	Three Months Ended   September 30,					Nine Months Ended   September 30,
(in thousands)	2015		2014			2015			2014
Operating revenues	$	—	$	84,474		$	91,478		$	275,214
Total costs and expenses	—		(80,655		)	(79,517		)	(253,257		)
Depreciation and amortization of intangibles	—		(4,517		)	(3,608		)	(12,958		)
Other, net	—		(2,709		)	(3,298		)	(7,549		)
Loss on disposal of Scripps Newspapers	—		—			(30,000		)	—
Income (loss) on discontinued operations before income taxes	—		(3,407		)	(24,945		)	1,450
Benefit (provision) for income taxes	—		920			9,513			(967		)
Net income (loss) from discontinued operations	—		(2,487		)	(15,432		)	483
Noncontrolling interest	—		(103		)	—			(302		)
Net income (loss) from discontinued operations	$	—	$	(2,384	)	$	(15,432	)	$	785

The Company incurred certain non-recurring costs directly related to the spin-off of our newspapers and acquisition of the Journal broadcast stations of $4 million and $40 million for the quarter and nine months ended September 30, 2015, respectively. Accounting and other professional and consulting fees directly related to the newspaper spin-off of $3 million were allocated to discontinued operations in the Condensed Consolidated Statements of Operations. The remaining amount of $37 million was recorded in earnings from continuing operations for the nine months ended September 30, 2015.

F-22

The following table presents a summary of the net assets distributed on April 1, 2015 and the amounts included in discontinued operations as of December 31, 2014.

(in thousands)	As of April 1, 2015		As of December 31, 2014
Assets:
Total current assets	$	44,786	$	46,507
Property, plant and equipment	155,047		185,548
Intangible assets	—		2,001
Other assets	14,590		2,018
Total assets included in the disposal group	214,423		236,074
Liabilities:
Total current liabilities	47,664		47,642
Deferred income taxes	16,520		16,666
Other liabilities	9,008		13,089
Total liabilities included in the disposal group	73,192		77,397
Net assets included in the disposal group	$	141,231	$	158,677

F-23

Management’s Discussion and Analysis of Financial Condition and Results of Operations

This discussion and analysis of financial condition and results of operations is based upon the Condensed Consolidated Financial Statements and the Condensed Notes to Consolidated Financial Statements. You should read this discussion in conjunction with those financial statements.

Forward-Looking Statements

Certain forward-looking statements related to our businesses are included in this discussion. Those forward-looking statements reflect our current expectations. Forward-looking statements are subject to certain risks, trends and uncertainties that could cause actual results to differ materially from the expectations expressed in the forward-looking statements. Such risks, trends and uncertainties, which in most instances are beyond our control, include changes in advertising demand and other economic conditions; consumers’ tastes; program costs; labor relations; technological developments; competitive pressures; interest rates; regulatory rulings; and reliance on third-party vendors for various products and services. The words “believe,” “expect,” “anticipate,” “estimate,” “intend” and similar expressions identify forward-looking statements. You should evaluate our forward-looking statements, which are as of the date of this filing, with the understanding of their inherent uncertainty. We undertake no obligation to update any forward-looking statements to reflect events or circumstances after the date the statement is made.

Executive Overview

The E.W. Scripps Company (“Scripps”) is a diverse media enterprise with interests in television and radio stations, and local and national digital media. We serve audiences and businesses through a growing portfolio of television and digital media brands. We also operate an expanding collection of local and national digital journalism and information businesses including our podcast business, Midroll, and digital video news service, Newsy. We also produce television programming, run an award-winning investigative reporting newsroom in Washington, D.C., and serve as the longtime steward of the nation's largest, most successful and longest-running educational program, the Scripps National Spelling Bee.

On July 30, 2014, Scripps and Journal Communications, Inc. ("Journal") agreed to merge their broadcast operations and spin-off their newspaper businesses into a separate publicly traded company. The transactions closed on April 1, 2015. Upon completion of the transactions, Scripps shareholders received 0.25 shares of common stock of Journal Media Group for each share of Scripps stock. A $60 million special cash dividend, which was approximately $1.00 per share, was also paid to the Scripps shareholders. Journal shareholders received 0.195 shares of common stock of Journal Media Group and 0.5176 class A common shares of Scripps for each share of Journal stock they held.

Journal Media Group ("JMG") combined the 13 Scripps newspapers with Journal's Milwaukee Journal Sentinel. JMG has approximately 3,600 employees and is headquartered in Milwaukee. Scripps Newspapers' operations are included in our operating results for the periods prior to April 1, 2015 as discontinued operations for all periods presented.

The merged broadcast operations, which retain The E.W. Scripps Company name, is one of the nation’s largest independent TV station ownership groups, reaching nearly one in five U.S. television households serving 27 markets. The company has approximately 4,000 employees across its television, radio and digital media operations. The merger enhances our national broadcast footprint and expands our affiliations to all of the big four networks.

The merger with the Journal broadcast business further leverages Scripps' digital investments, adding large and attractive markets to the portfolio. We expect to build and launch market-leading digital brands that serve growing digital media audiences. Further, the company expects to benefit from the new geographic markets with the national reach of digital brands, such as Newsy and Midroll.

We continued our expansion of our digital business with the July 22, 2015 acquisition of Midroll Media, a Los Angeles-based company that creates original podcasts and operates a network that sells advertising for more than 200 shows, including “StartUp” and “Nerdist.” The purchase price was $50 million in cash, plus a $10 million earnout provision.

The evolution of the over-the-top market has created new distribution platforms for Newsy. We believe the over-the-top (OTT) market provides significant opportunities to expand the Newsy audience. We have announced agreements with Apple TV, Comcast Watchable, PlutoTV, Xumo, and Sling, and are accelerating our rollout to all such OTT services. The development of such OTT services will require additional investment in Newsy. The additional investment, combined with other market changes that resulted in the slower development of our original revenue model, created indications of impairment

F-24

of goodwill as of September 30, 2015. We recorded a $21 million non-cash charge to reduce the carrying value of goodwill and $2.9 million to reduce the value of intangible assets.

Results of Operations

The trends and underlying economic conditions affecting the operating performance and future prospects differ for each of our business segments. Accordingly, you should read the following discussion of our consolidated results of operations in conjunction with the discussion of the operating performance of our business segments that follows.

Consolidated Results of Operations

Consolidated results of operations were as follows:

	Three Months Ended September 30,								Nine Months Ended   September 30,
(in thousands)	2015			Change		2014			2015			Change		2014
Operating revenues	$	189,691		54.1	%	$	123,126		$	510,848		46.7	%	$	348,126
Employee compensation and benefits	(88,296		)	36.4	%	(64,713		)	(247,776		)	30.9	%	(189,294		)
Programs and program licenses	(36,791		)	127.4	%	(16,181		)	(88,837		)	106.8	%	(42,951		)
Other expenses	(41,693		)	57.7	%	(26,431		)	(115,037		)	35.9	%	(84,670		)
Defined benefit pension plan expense	(2,976		)			(1,613		)	(9,782		)			(4,253		)
Acquisition and related integration costs	(4,206		)			(2,783		)	(36,953		)			(6,984		)
Depreciation and amortization of intangibles	(16,273		)			(8,706		)	(37,934		)			(23,631		)
Impairment of goodwill and intangibles	(24,613		)			—			(24,613		)			—
(Losses) gains, net on disposal of property, plant and equipment	(200		)			2,979			(579		)			2,931
Operating (loss) income	(25,357		)			5,678			(50,663		)			(726		)
Interest expense	(4,246		)			(2,050		)	(10,523		)			(6,345		)
Miscellaneous, net	1,061					170			12					(210		)
(Loss) income from continuing operations before income taxes	(28,542		)			3,798			(61,174		)			(7,281		)
Benefit (provision) for income taxes	4,099					(2,755		)	15,661					1,308
Net (loss) income from continuing operations	(24,443		)			1,043			(45,513		)			(5,973		)
Net (loss) income from discontinued operations, net of tax	—					(2,384		)	(15,432		)			785
Net loss	$	(24,443	)			$	(1,341	)	$	(60,945	)			$	(5,188	)

Continuing Operations

The Company completed its acquisition of the Journal television and radio stations on April 1, 2015 and the acquisition of two Granite television stations on June 16, 2014, collectively referred to as the "acquired stations." Midroll was acquired on July 22, 2015. The inclusion of operating results from these businesses for the periods subsequent to the acquisitions impacts the comparability of our consolidated and division operating results.

Operating revenues increased 54% in the third quarter of 2015 compared to 2014 and 47% for the year-to-date period ended September 30, 2015. The acquired operations accounted for $68 million and $146 million of the increase in our revenues for the quarter and year-to-date period ended September 30, 2015. A $15 million decline in third quarter political advertising revenue at stations owned for the full period more than offset an $11 million increase in retransmission revenue. Political revenue was down $21 million year-to-date while retransmission revenue was up $39 million.

In 2014, we completed negotiations with satellite and cable television systems covering more than one-third of the subscribers in our legacy markets and our 2015 results reflect the renewal of those agreements.

Employee compensation and benefits increased 36% in the third quarter of 2015 and 31% for the year-to-date period ended September 30, 2015, primarily driven by the impact of the acquired stations.

F-25

Programs and program licenses expense nearly doubled for the three months and nine months ended September 30, 2015, primarily due to acquisitions and higher network fees. The acquired stations accounted for $8 million of the increase for the third quarter and $18 million of the increase in the year-to-date period and higher network license fees, offset by lower syndicated programming expense accounted for the rest. We completed new agreements for 10 of our ABC stations at the beginning of the 2015 and one of our CBS stations in July.

Other expenses include the following:

	Three Months Ended September 30,						Nine Months Ended   September 30,
(in thousands)	2015		Change		2014		2015		Change		2014
Facilities rent and maintenance	$	9,258	33.7	%	$	6,925	$	24,331	24.0	%	$	19,627
Purchased news and content	2,484		120.2	%	1,128		6,269		68.4	%	3,723
Marketing and promotion	2,503		203.8	%	824		8,170		73.6	%	4,706
Miscellaneous costs	27,448		56.4	%	17,554		76,267		34.7	%	56,614
Total other expenses	$	41,693	57.7	%	$	26,431	$	115,037	35.9	%	$	84,670

Other expenses increased primarily as a result of the acquired stations.

Acquisition and related integration costs of $4 million for the 2015 quarter and $37 million for the 2015 year-to-date period include costs for spinning off our newspaper operations and costs associated with acquisitions, such as legal and accounting fees, as well as costs to integrate the acquired operations.

In the third quarter of 2015, we recorded a $25 million non-cash charge to reduce the carrying value of our goodwill and certain intangible assets of Newsy and a smaller business.

Defined benefit plan expense increased year-over-year due to a $1.1 million curtailment charge in the second quarter resulting from the spin-off of our newspaper business and the additional expense related to the pension obligations assumed in the Journal acquisition.

Interest expense increased year-over-year due to the increased debt related to the Journal acquisition.

The effective income tax rate was 26% and 18% for the nine months ended September 30,2015 and 2014, respectively. The impact of state and local taxes and non-deductible expenses impacted our effective rate. Certain portions of the transaction costs we incurred in connection with the Journal transactions are not deductible. The write-down in the carrying value of Newsy goodwill is not deductible for income taxes.

Discontinued Operations

Discontinued operations reflect the historical results of our newspaper operations which were spun-off on April 1, 2015. Upon completion of the spin-off of our newspaper business, generally accepted accounting principles (“GAAP”) required us to assess impairment of the newspaper business long-lived assets using the held-for-sale model. This model compares the fair value of the disposal unit to its carrying value and if the fair value is lower, then an impairment loss is recorded. Our analysis indicated that as of April 1, 2015 there was a non-cash impairment loss on the disposal of the newspaper business of $30 million, which was recorded on the date of the spin-off, April 1, 2015, and is included as a component of discontinued operations.

F-26

Business Segment Results — As discussed in the Condensed Notes to Consolidated Financial Statements, our chief operating decision maker evaluates the operating performance of our business segments using a measure called segment profit. Segment profit excludes interest, defined benefit pension plan expense, 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.

Items excluded from segment profit generally result from decisions made in prior periods or from decisions made by corporate executives rather than the managers of the business segments. Depreciation and amortization charges are the result of decisions made in prior periods regarding the allocation of resources and are therefore excluded from the measure. Generally, our corporate executives make financing, tax structure and divestiture decisions. Excluding these items from measurement of our business segment performance enables us to evaluate business segment operating performance based upon current economic conditions and decisions made by the managers of those business segments in the current period.

We allocate a portion of certain corporate costs and expenses, including information technology, certain employee benefits and shared services to our business segments. The allocations are generally amounts agreed upon by management, which may differ from an arms-length amount. Corporate assets are primarily cash and cash equivalents, restricted cash, property and equipment primarily used for corporate purposes and deferred income taxes.

Effective April 1, 2015, we began reporting our digital operations as a segment. We have recast the operating results for television, syndication and other, and shared services and corporate in prior periods to reflect this change.

Information regarding the operating performance of our business segments and a reconciliation of such information to the consolidated financial statements is as follows:

	Three Months Ended September 30,								Nine Months Ended   September 30,
(in thousands)	2015			Change		2014			2015			Change		2014
Segment operating revenues:
Television	$	157,437		35.2	%	$	116,425		$	439,049		34.9	%	$	325,511
Radio	20,421					—			39,834					—
Digital	10,861			102.8	%	5,355			25,698			60.3	%	16,036
Syndication and other	972			(27.8	)%	1,346			6,267			(4.7	)%	6,579
Total operating revenues	$	189,691		54.1	%	$	123,126		$	510,848		46.7	%	$	348,126
Segment profit (loss):
Television	$	31,707		3.9	%	$	30,508		$	98,357		22.4	%	$	80,344
Radio	4,073					—			8,981					—
Digital	(3,639		)	(41.4	)%	(6,206		)	(13,210		)	(24.4	)%	(17,477		)
Syndication and other	(572		)	(15.1	)%	(674		)	(1,229		)	(0.1	)%	(1,230		)
Shared services and corporate	(8,658		)	10.6	%	(7,827		)	(33,701		)	10.8	%	(30,426		)
Defined benefit pension plan expense	(2,976		)			(1,613		)	(9,782		)			(4,253		)
Acquisition and related integration costs	(4,206		)			(2,783		)	(36,953		)			(6,984		)
Depreciation and amortization of intangibles	(16,273		)			(8,706		)	(37,934		)			(23,631		)
Impairment of goodwill and intangibles	(24,613		)			—			(24,613		)			—
(Losses) gains, net on disposal of property, plant and equipment	(200		)			2,979			(579		)			2,931
Interest expense	(4,246		)			(2,050		)	(10,523		)			(6,345		)
Miscellaneous, net	1,061					170			12					(210		)
(Loss) income from continuing operations before income taxes	$	(28,542	)			$	3,798		$	(61,174	)			$	(7,281	)

F-27

Television — Our television segment includes 15 ABC affiliates, five NBC affiliates, two FOX affiliates, two CBS affiliates and four non big-four affiliated stations. We also own five Azteca America affiliates. Multiple properties in the same market help us to better serve advertisers, viewers and listeners and help improve our operating results. Our television stations reach approximately 18% of the nation’s television households.

Our television stations earn revenue primarily from the sale of advertising time to local and national advertisers and retransmission fees received from cable operators and satellite carriers.

National television networks offer affiliates a variety of programs and sell the majority of advertising within those programs. In addition to network programs, we broadcast locally produced programs, syndicated programs, sporting events, and other programs of interest in each station's market. News is the primary focus of our locally-produced programming.

The operating performance of our television group is most affected by local and national economic conditions, particularly conditions within the automotive, services and retail categories, and by the volume of advertising time purchased by campaigns for elective offices and political issues. The demand for political advertising is significantly higher in the third and fourth quarters of even-numbered years.

Operating results for our television segment were as follows:

	Three Months Ended September 30,						Nine Months Ended   September 30,
(in thousands)	2015		Change		2014		2015		Change		2014
Segment operating revenues:
Local	$	78,816	41.8	%	$	55,567	$	224,848	28.9	%	$	174,440
National	34,964		31.3	%	26,629		99,593		23.8	%	80,470
Political	4,294		(75.3	)%	17,396		7,015		(72.3	)%	25,339
Retransmission	36,287		138.2	%	15,235		100,700		149.2	%	40,409
Other	3,076		92.5	%	1,598		6,893		42.0	%	4,853
Total operating revenues	157,437		35.2	%	116,425		439,049		34.9	%	325,511
Segment costs and expenses:
Employee compensation and benefits	62,483		28.4	%	48,677		175,912		25.9	%	139,696
Programs and program licenses	31,737		96.1	%	16,181		81,315		89.3	%	42,951
Other expenses	31,510		49.6	%	21,059		83,465		33.5	%	62,520
Total costs and expenses	125,730		46.3	%	85,917		340,692		39.0	%	245,167
Segment profit	$	31,707	3.9	%	$	30,508	$	98,357	22.4	%	$	80,344

The Company completed its acquisition of the Journal television stations on April 1, 2015 and the acquisition of the two Granite television stations on June 16, 2014. The inclusion of operating results from these transactions for the periods subsequent to the acquisitions impacts the comparability of the television division operating results.

Revenues

Total television revenues increased 35% in the third quarter of 2015 and for the nine months ended September 30, 2015. The Journal and Granite acquisitions accounted for just over $100 million of the year-to-date increase in revenues and $44 million of the increase for the third quarter, while increased retransmission revenues offset by lower political revenues in a off- election year drove most of the remaining change.

In 2014, we completed negotiations with satellite and cable television systems covering more than one-third of the subscribers in our legacy markets and our 2015 results reflect the renewal of those agreements.

Costs and expenses

Total costs and expenses increased 46% in the third quarter of 2015 and 39% for the nine months ended September 30, 2015.

F-28

Employee compensation and benefits increased 28% for the third quarter of 2015 and 26% for the nine months ended September 30, 2015 primarily due to the acquired stations.

Programs and program licenses expense nearly doubled for the three months and nine months ended September 30, 2015, primarily due to acquisitions and higher network fees. The acquired stations accounted for $8 million of the increase for the third quarter and $18 million of the increase in the year-to-date period and higher network license fees, offset by lower syndicated programming expense accounted for the rest. We completed new agreements for 10 of our ABC stations at the beginning of the 2015 and one of our CBS stations in July.

Other expenses increased 50% for the 2015 quarter and 34% for the nine months ended September 30, 2015 primarily due to the impact of the acquired stations.

Radio — Our radio segment consists of 34 radio stations in eight markets. We operate 28 FM stations and six AM stations. Multiple properties in the same market help us to better serve advertisers, viewers and listeners and help improve our operating results. Radio stations earn revenue primarily from the sale of advertising to local advertisers.

Our radio stations focus on providing targeted and relevant local programming that is responsive to the interest of the communities in which we serve, strengthening our brand identity and allowing us to provide effective marketing solutions for advertisers by reaching their targeted audiences.

Operating results for our radio segment were as follows:

	Three Months Ended September 30,					Nine Months Ended   September 30,
(in thousands)	2015		Change	2014		2015		Change	2014
Segment operating revenues:
Advertising	$	19,465		$	—	$	38,106		$	—
Other	956			—		1,728			—
Total operating revenues	20,421			—		39,834			—
Segment costs and expenses:
Employee compensation and benefits	7,355			—		14,825			—
Programs	5,054			—		7,522			—
Other expenses	3,939			—		8,506			—
Total costs and expenses	16,348			—		30,853			—
Segment profit	$	4,073		$	—	$	8,981		$	—

Revenues

Total radio revenues of $20.4 million for the third quarter are $1.0 million lower than the prior year amount of $21.6 million when owned by Journal.

Costs and expenses

Total costs and expenses for radio of $16.3 million for the third quarter were largely consistent with the prior year quarter amount of $17.5 million when owned by Journal.

F-29

Digital — Our digital segment includes the digital operations of our local television and radio businesses. It also includes the operations of national digital businesses such as Newsy, a digital video news service, and Midroll, a podcast industry leader. Our digital operations earn revenue primarily through the sale of advertising and marketing services.

Our digital operations earn revenue primarily through the sale of advertising and marketing services.

Operating results for our digital segment were as follows:

	Three Months Ended September 30,								Nine Months Ended   September 30,
(in thousands)	2015			Change		2014			2015			Change		2014
Total operating revenue	$	10,861		102.8	%	$	5,355		$	25,698		60.3	%	$	16,036
Segment costs and expenses:
Employee compensation and benefits	9,688			3.7	%	9,339			27,147			3.4	%	26,265
Other expenses	4,812			116.6	%	2,222			11,761			62.3	%	7,248
Total costs and expenses	14,500			25.4	%	11,561			38,908			16.1	%	33,513
Segment profit	$	(3,639	)	(41.4	)%	$	(6,206	)	$	(13,210	)	(24.4	)%	$	(17,477	)

Revenues

Digital revenues doubled in the third quarter of 2015 and increased 60% for the nine months ended September 30, 2015. The increase for the third quarter and year-to-date period includes $3.6 million and $5.5 million, respectively, from the acquired Journal stations and the Midroll acquisition, while the remainder of the increase was driven by our focus on increasing digital advertising revenues with an expanded sales force in our television markets and increased revenue from programmatic advertising.

Cost and Expenses

Digital costs and expenses increased 25% in the third quarter of 2015 and 16% for the nine months ended September 30, 2015, primarily due to the impact of the acquired stations and the Midroll acquisition.

Shared services and corporate

We centrally provide certain services to our business segments. Such services include accounting, tax, cash management, procurement, human resources, employee benefits and information technology. The business segments are allocated costs for such services at amounts agreed upon by management. Such allocated costs may differ from amounts that might be negotiated at arms-length. Costs for such services that are not allocated to the business segments are included in shared services and corporate costs. Shared services and corporate also includes unallocated corporate costs, such as costs associated with being a public company.

F-30

Liquidity and Capital Resources

Our primary source of liquidity is our available cash and borrowing capacity under our revolving credit facility.

Operating activities

Cash flows from operating activities for the nine months endedSeptember 30 is as follows:

	Nine Months Ended   September 30,
(in thousands)	2015			2014
Cash Flows from Operating Activities:
Net loss	$	(60,945	)	$	(5,188	)
Loss (income) from discontinued operations	15,432			(785		)
Loss from continuing operations	(45,513		)	(5,973		)
Adjustments to reconcile net loss from continuing operations to net cash flows from operating activities:
Depreciation and amortization	37,934			23,631
Impairment of goodwill and intangibles	24,613			—
Losses (gains) on sale of property, plant and equipment	579			(2,931		)
Deferred income taxes	(14,410		)	4,824
Stock and deferred compensation plans	8,393			3,376
Pension expense, net of payments	10,065			3,759
Other changes in certain working capital accounts, net	(46,091		)	15,748
Miscellaneous, net	2,788			(1,384		)
Net cash (used in) provided by continuing operating activities	(21,642		)	41,050
Net cash provided by discontinued operating activities	6,861			29,984
Net operating activities	$	(14,781	)	$	71,034

The $63 million decrease in cash provided by continuing operating activities was primarily attributable to changes in working capital in 2015 compared to 2014, partially offset by a $31 million increase in segment profit. In addition, we incurred transaction costs of $37 million in 2015 and $7 million in 2014 in connection with the Journal transactions. Also, the tax benefit of $14 million will not provide cash until future years when the net operating loss carryforward will reduce taxes payable.

The primary factors affecting changes in operating activities are described below.

• Collections of accounts receivable decreased $18 million in 2015 compared to 2014. Collections in the first portion of an odd year are lower due to the impact of political advertising in the preceding period, which is paid in advance and displaces traditional local and national advertising.

• In 2015, estimated income tax payments resulted in a $15 million use of cash. We did not make any significant tax payments in 2014.

• The timing of payments for accounts payable decreased working capital by $14 million in 2015.

• The timing of payments for network fees decreased working capital in 2015.

F-31

Investing activities

Cash flows from investing activities for the nine months endedSeptember 30 is as follows:

	Nine Months Ended   September 30,
(in thousands)	2015			2014
Cash Flows from Investing Activities:
Acquisitions, net of cash acquired	$	(46,838	)	$	(149,334	)
Proceeds from sale of property, plant and equipment	15			6,318
Additions to property, plant and equipment	(15,244		)	(11,908		)
Purchase of investments	(7,087		)	(2,003		)
Change in restricted cash	250			1,400
Miscellaneous, net	—			389
Net cash used in continuing investing activities	(68,904		)	(155,138		)
Net cash used in discontinued investing activities	(1,561		)	(1,330		)
Net investing activities	$	(70,465	)	$	(156,468	)

In 2015 and 2014 we used $69 million and $155 million, respectively, in cash for continuing investing activities. The primary factors affecting our investing activities for the periods are described below.

• In January 2014, we completed our acquisition of Media Convergence Group, Inc., which operates as Newsy, a digital video news provider, for $35 million in cash.

• In June 2014, we completed our acquisition of two television stations owned by Granite Broadcasting Corporation for $110 million in cash.

• In the first quarter of 2015, we invested $5 million to fund the launch and operations of a media company specializing in digital multicasting.

• In July 2015, we acquired a podcast industry leader, Midroll, for $50 million in cash.

Financing activities

Cash flows from financing activities for the nine months endedSeptember 30 is as follows:

	Nine Months Ended   September 30,
(in thousands)	2015			2014
Cash Flows from Financing Activities:
Proceeds from issuance of long-term debt	$	200,000		$	—
Payments on long-term debt	(121,269		)	(1,500		)
Payments of financing costs	(2,592		)	(483		)
Dividends paid	(59,523		)	—
Repurchase of Class A Common shares	(10,901		)	(21,237		)
Proceeds from employee stock options	6,041			13,175
Tax payments related to shares withheld for RSU vesting	(5,126		)	(4,035		)
Miscellaneous, net	1,499			2,628
Net cash provided by (used in) continuing financing activities	8,129			(11,452		)
Net cash provided by (used in) discontinued financing activities	—			—
Net financing activities	$	8,129		$	(11,452	)

In 2015 we had $8 million in net cash flows and used $11 million in 2014 for continuing financing activities. The primary items included in our financing activities for the periods are described below.

On April 1, 2015, we entered into a $500 million second amended revolving credit and term loan agreement ("Second Amended Financing Agreement") to refinance our existing revolving credit and term loan agreement ("Amended Financing Agreement"). The $400 million term loan B matures in November 2020 and a $100 million revolving credit facility matures in November 2018. There were no borrowings under the revolving credit agreements in any of the years.

F-32

The Second Amended Financing Agreement includes the maintenance of a net leverage ratio if we borrow more than 20% on the revolving credit facility. The term loan B requires that if we borrow additional amounts or make a permitted acquisition that we cannot exceed a stated net leverage ratio on a pro forma basis at the date of the transaction. We were in compliance with all financial covenants in the Second Amended Financing Agreement at September 30, 2015 and December 31, 2014.

The Second Amended Financing Agreement also includes a provision that in certain circumstances we must use a portion of excess cash flow to repay debt. As of September 30, 2015, we were not required to make additional principal payments based on excess cash flow. Under an amendment completed in the third quarter of 2015, any proceeds, up to a stipulated amount, we receive from the upcoming spectrum auction, will not be required to pay down the term loan.

The proceeds from the incremental $200 million loan were used to pay off the $116 million Journal term loan assumed in connection with the Journal acquisition, fund the $60 million special dividend paid to the Scripps shareholders in connection with the Journal transactions and for the payment of transaction expenses.

In November 2012, our Board of Directors authorized a repurchase program of up to $100 million of our Class A Common shares through December 2014. We repurchased $21 million of shares under this authorization in 2014. No additional shares may be repurchased pursuant to this authorization.

In May 2014, our Board of Directors authorized a new repurchase program of up to $100 million of our Class A Common shares through December 2016. Shares may be repurchased from time to time at management's discretion, either in the open market, through pre-arranged trading plans or in privately negotiated block transactions. Under the authorization, we have repurchased $11 million of shares at prices ranging from $15.90 to 24.08 per share during 2015. As of September 30, 2015, we have $89 million remaining for share repurchases under this authorization. Through October 31, 2015, we purchased an additional 0.1 million shares for $2.2 million.

In 2015, we received $6 million of proceeds from the exercise of employee stock options compared to $13 million in 2014.

Other

We have met our funding requirements for our defined benefit pension plans under the provisions of the Pension Funding Equity Act of 2004 and the Pension Protection Act of 2006. We expect to contribute $0.5 million in the remainder of 2015 to our defined benefit pension plans, primarily to fund benefit payments under the Supplemental Executive Retirement Plan.

We expect that our cash, cash from operating activities and available borrowing capacity will be sufficient to meet our operating and capital needs over the next 12 months.

Off-Balance Sheet Arrangements and Contractual Obligations

Off-Balance Sheet Arrangements

There have been no material changes to the off-balance sheet arrangements disclosed in our Annual Report on Form 10-K for the year ended December 31, 2014.

F-33

Critical Accounting Policies and Estimates

The preparation of financial statements in accordance with accounting principles generally accepted in the United States of America (“GAAP”) requires us to make a variety of decisions that affect reported amounts and related disclosures, including the selection of appropriate accounting principles 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. We are committed to incorporating accounting principles, assumptions and estimates that promote the representational faithfulness, verifiability, neutrality and transparency of the accounting information included in the financial statements.

Note 1 to the Consolidated Financial Statements included in our Annual Report on Form 10-K for the year ended December 31, 2014 describes the significant accounting policies we have selected for use in the preparation of our financial statements and related disclosures. An accounting policy is deemed to be critical if it requires an accounting estimate to be made based on assumptions about matters that are highly uncertain at the time the estimate is made and if different estimates that reasonably could have been used or changes in estimates that are likely to occur could materially change the financial statements. We believe the accounting for acquisitions, long-lived assets, goodwill and indefinite-lived intangible assets, income taxes and pension plans to be our most critical accounting policies and estimates. A detailed description of these accounting policies is included in the Critical Accounting Policies section of Management's Discussion and Analysis of Financial Condition and Results of Operations included in our Annual Report on Form 10-K for the year ended December 31, 2014.

Recently Adopted Standards and Issued Accounting Standards

Recently Issued Accounting Standards — In April 2015, the Financial Accounting Standards Board (FASB) issued new guidance for the presentation of debt issuance costs in the financial statements. Under this new guidance, debt issuance costs (except for lines of credit) are classified in the balance sheet as a direct deduction from the related debt liability rather than as an asset. Additionally, amortization of these costs must be classified as interest expense. The guidance is effective for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2015. Early adoption is permitted. Adoption of this standard will result in us netting deferred loan costs, which as of September 30, 2015 totaled $3.5 million, against long-term debt. Reported interest expense will not be affected.

In August 2014, the FASB issued new guidance related to the disclosures around consideration of going concern. The new standard provides guidance around management's responsibility to evaluate whether there is substantial doubt about an entity's ability to continue as a going concern and to provide related footnote disclosures. The new standard is effective for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2015. Early adoption is permitted. The adoption of this standard is not expected to have a material impact on our consolidated financial statements.

In May 2014, the FASB issued new guidance on revenue recognition. Under this new standard, an entity shall recognize revenue when it transfers promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. The standard creates a five-step process that requires entities to exercise judgment when considering the terms of the contract(s) and all relevant facts and circumstances. This standard permits the use of either the retrospective or cumulative effect transition method and will be effective for us beginning in 2018. Early adoption is permitted in 2017. We are currently assessing the impact this new guidance will have on our consolidated financial statements and have not yet determined a transition method.

In April 2014, the FASB issued new guidance on reporting and disclosure requirements related to discontinued operations. With the new guidance, a disposal of a component or group of components of an entity is required to be reported in discontinued operations if the disposal represents a strategic shift that has or will have a major effect on an entity's operations and financial results. We adopted this guidance effective January 1, 2015.

F-34

Quantitative and Qualitative Disclosures About Market Risk

Earnings and cash flow can be affected by, among other things, economic conditions and interest rate changes. We are also exposed to changes in the market value of our investments.

Our objectives in managing interest rate risk are to limit the impact of interest rate changes on our earnings and cash flows and to reduce overall borrowing costs.

The following table presents additional information about market-risk-sensitive financial instruments:

	As of September 30, 2015				As of December 31, 2014
(in thousands)	Cost Basis		Fair Value		Cost Basis		Fair Value
Financial instruments subject to interest rate risk:
Variable rate credit facility	$	—	$	—	$	—	$	—
Term loan	395,500		393,000		198,000		194,000
Unsecured promissory notes	8,104		7,800		—		—
Total long-term debt including current portion	$	403,604	$	400,800	$	198,000	$	194,000
Interest rate swap	$	596	$	596	$	471	$	471
Financial instruments subject to market value risk:
Investments held at cost	$	9,677	(a)		$	5,503	(a)
(a) Includes securities that do not trade in public markets so the securities do not have readily determinable fair values. We estimate the fair value of these securities approximates their carrying value. There can be no assurance that we would realize the carrying value upon sale of the securities.

We may utilize interest rate swaps to manage our interest expense exposure by fixing our interest rate on portions of our floating rate term loan. We have entered into a $75 million notional value interest rate swap expiring in December 2016 which provides for use to pay a fixed interest rate of 1.08% and we receive interest at a variable rate equal to 30 day LIBOR. We did not provide or receive any collateral for this contract. The fair value of this financial derivative is based on quoted market prices which reflect the present values of the difference between estimated future variable-rate receipts and future fixed-rate payments.

F-35

Controls and Procedures

Evaluation of Disclosure Controls and Procedures

Scripps management is responsible for establishing and maintaining adequate internal controls designed to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with accounting principles generally accepted in the United States of America (“GAAP”). The Company’s internal control over financial reporting includes those policies and procedures that:

1. pertain to the maintenance of records that in reasonable detail accurately and fairly reflect the transactions and dispositions of the assets of the Company;

2. provide reasonable assurance that transactions are recorded as necessary to permit preparation of financial statements in accordance with GAAP, and that receipts and expenditures of the Company are being made only in accordance with authorizations of management and the directors of the Company; and

3. provide reasonable assurance regarding prevention or timely detection of unauthorized acquisition, use or disposition of the Company’s assets that could have a material effect on the financial statements.

All internal control systems, no matter how well designed, have inherent limitations, including the possibility of human error, collusion and the improper overriding of controls by management. Accordingly, even effective internal control can only provide reasonable but not absolute assurance with respect to financial statement preparation. Further, because of changes in conditions, the effectiveness of internal control may vary over time.

The effectiveness of the design and operation of our disclosure controls and procedures (as defined in Rule 13a-15(e) under the Securities Exchange Act of 1934) was evaluated as of the date of the financial statements. This evaluation was carried out under the supervision of and with the participation of management, including the Chief Executive Officer and the Chief Financial Officer. Based upon that evaluation, the Chief Executive Officer and the Chief Financial Officer concluded that the design and operation of these disclosure controls and procedures are effective. There were no changes to the Company's internal controls over financial reporting (as defined in Exchange Act Rule 13a-15(f)) during the period covered by this report that have materially affected, or are reasonably likely to materially affect, the Company's internal control over financial reporting.

F-36

The E.W. Scripps Company

Index to Exhibits

Exhibit Number	Exhibit Description
31(A)	Section 302 Certifications
31(B)	Section 302 Certifications
32(A)	Section 906 Certifications
32(B)	Section 906 Certifications
101.INS	XBRL Instance Document (furnished herewith)
101.SCH	XBRL Taxonomy Extension Schema Document (furnished herewith)
101.CAL	XBRL Taxonomy Extension Calculation Linkbase Document (furnished herewith)
101.DEF	XBRL Taxonomy Extension Definition Linkbase Document (furnished herewith)
101.LAB	XBRL Taxonomy Extension Label Linkbase Document (furnished herewith)
101.PRE	XBRL Taxonomy Extension Presentation Linkbase Document (furnished herewith)

E-1

EX-31.A

Exhibit 31(a)

Section 302 Certifications

Certifications

I, Richard A. Boehne, certify that:

1. I have reviewed this report on Form 10-Q of The E. W. Scripps Company;

2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3. Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;

4. The registrant's other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:

a. designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

b. designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

c. evaluated the effectiveness of the registrant's disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and

d. disclosed in this report any change in the registrant's internal control over financial reporting that occurred during the registrant's most recent fiscal quarter (the registrant's fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant's internal control over financial reporting; and

5. The registrant's other certifying officer and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant's auditors and the audit committee of registrant's board of directors (or persons performing the equivalent functions):

a. all significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting that are reasonably likely to adversely affect the registrant's ability to record, process, summarize and report financial information; and

b. any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant's internal control over financial reporting.

Date: November 6, 2015

BY: /s/ Richard A. Boehne

Richard A. Boehne

President and Chief Executive Officer

EX-31.B

Exhibit 31(b)

Section 302 Certifications

Certifications

I, Timothy M. Wesolowski, certify that:

1. I have reviewed this report on Form 10-Q of The E. W. Scripps Company;

2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3. Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;

4. The registrant's other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:

a. designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

b. designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

c. evaluated the effectiveness of the registrant's disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and

d. disclosed in this report any change in the registrant's internal control over financial reporting that occurred during the registrant's most recent fiscal quarter (the registrant's fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant's internal control over financial reporting; and

5. The registrant's other certifying officer and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant's auditors and the audit committee of registrant's board of directors (or persons performing the equivalent functions):

a. all significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting that are reasonably likely to adversely affect the registrant's ability to record, process, summarize and report financial information; and

b. any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant's internal control over financial reporting.

Date: November 6, 2015

BY: /s/ Timothy M. Wesolowski

Timothy M. Wesolowski

Senior Vice President and Chief Financial Officer  

EX-32.A

Exhibit 32(a)

Section 906 Certifications

Certification Pursuant to Section 906 of the Sarbanes-Oxley Act Of 2002

I, Richard A. Boehne, President and Chief Executive Officer of The E. W. Scripps Company (the “Company”), hereby certify, pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, that:

(1) The Quarterly Report on Form 10-Q of the Company for the period ended September 30, 2015 (the “Report”), which this certification accompanies, fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934; and

(2) The information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Company.

/s/ Richard A. Boehne

Richard A. Boehne

President and Chief Executive Officer

November 6, 2015

EX-32.B

Exhibit 32(b)

Section 906 Certifications

Certification Pursuant to Section 906 of the Sarbanes-Oxley Act Of 2002

I, Timothy M. Wesolowski, Senior Vice President and Chief Financial Officer of The E. W. Scripps Company (the “Company”), hereby certify, pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, that:

(1) The Quarterly Report on Form 10-Q of the Company for the period ended September 30, 2015 (the “Report”), which this certification accompanies, fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934; and

(2) The information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Company.

/s/ Timothy M. Wesolowski

Timothy M. Wesolowski

Senior Vice President and Chief Financial Officer

November 6, 2015

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Journal Broadcast Merger and Newspaper Spin-off Journal Broadcast Merger and Newspaper Spin-off (Tables)

9 Months Ended

Sep. 30, 2015

Spin-off

Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]

Discontinued Operations, Operating Results and Net Assets Distributed

Operating results of our discontinued operations were as follows:

	Three Months Ended   September 30,					Nine Months Ended   September 30,
(in thousands)	2015		2014			2015			2014
Operating revenues	$	—	$	84,474		$	91,478		$	275,214
Total costs and expenses	—		(80,655		)	(79,517		)	(253,257		)
Depreciation and amortization of intangibles	—		(4,517		)	(3,608		)	(12,958		)
Other, net	—		(2,709		)	(3,298		)	(7,549		)
Loss on disposal of Scripps Newspapers	—		—			(30,000		)	—
Income (loss) on discontinued operations before income taxes	—		(3,407		)	(24,945		)	1,450
Benefit (provision) for income taxes	—		920			9,513			(967		)
Net income (loss) from discontinued operations	—		(2,487		)	(15,432		)	483
Noncontrolling interest	—		(103		)	—			(302		)
Net income (loss) from discontinued operations	$	—	$	(2,384	)	$	(15,432	)	$	785

The following table presents a summary of the net assets distributed on April 1, 2015 and the amounts included in discontinued operations as of December 31, 2014.

(in thousands)	As of April 1, 2015		As of December 31, 2014
Assets:
Total current assets	$	44,786	$	46,507
Property, plant and equipment	155,047		185,548
Intangible assets	—		2,001
Other assets	14,590		2,018
Total assets included in the disposal group	214,423		236,074
Liabilities:
Total current liabilities	47,664		47,642
Deferred income taxes	16,520		16,666
Other liabilities	9,008		13,089
Total liabilities included in the disposal group	73,192		77,397
Net assets included in the disposal group	$	141,231	$	158,677

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Financial Instruments - Narrative (Details) - Interest rate swaps - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2015	Dec. 31, 2014
Derivatives, Fair Value [Line Items]
Notional Amount	$ 75,000	$ 75,000
Fixed LIBOR interest rate	1.08%
Derivative instrument, amortized into earnings from AOCI	$ 300

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Restricted Cash - Narrative (Details) - USD ($) $ in Thousands	Sep. 30, 2015	Dec. 31, 2014
Cash and Cash Equivalents [Abstract]
Restricted cash	$ 6,560	$ 6,810

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Income Taxes - Narrative (Details) - USD ($) $ in Millions	9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014
Income Tax Disclosure [Abstract]
Effective income tax rate	25.60%	18.00%
U.S. Federal statutory rate	35.00%	35.00%
Deferred tax assets	$ 25.4
Unrecognized deductions for share based compensation awards	$ 26.0	$ 31.0

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Fair Value Measurement (Tables)

9 Months Ended

Sep. 30, 2015

Fair Value Disclosures [Abstract]

Assets and liabilities that are measured at fair value on a recurring basis

The following tables set forth our assets and liabilities that are measured at fair value on a recurring basis at September 30, 2015 and December 31, 2014:

	As of September 30, 2015
(in thousands)	Total			Level 1		Level 2			Level 3
Assets/(Liabilities):
Cash equivalents	$	5,043		$	5,043	$	—		$	—
Interest rate swap	(596		)	—		(596		)	—

	As of December 31, 2014
(in thousands)	Total			Level 1		Level 2			Level 3
Assets/(Liabilities):
Cash equivalents	$	10,000		$	10,000	$	—		$	—
Interest rate swap	(471		)	—		(471		)	—

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Fair Value Measurement - Assets and Liabilities Measured at Fair Value (Details) - USD ($) $ in Thousands		Sep. 30, 2015	Dec. 31, 2014
Recurring Measurements
Assets and liabilities that are measured at fair value on a recurring basis
Cash equivalents		$ 5,043	$ 10,000
Level 1 | Recurring Measurements
Assets and liabilities that are measured at fair value on a recurring basis
Cash equivalents		5,043	10,000
Level 2 | Recurring Measurements
Assets and liabilities that are measured at fair value on a recurring basis
Cash equivalents		0	0
Level 3 | Recurring Measurements
Assets and liabilities that are measured at fair value on a recurring basis
Cash equivalents		0	0
Interest rate swaps
Assets and liabilities that are measured at fair value on a recurring basis
Interest rate swap	[1]	(596)	(471)
Interest rate swaps | Recurring Measurements
Assets and liabilities that are measured at fair value on a recurring basis
Interest rate swap		(596)	(471)
Interest rate swaps | Level 1 | Recurring Measurements
Assets and liabilities that are measured at fair value on a recurring basis
Interest rate swap		0	0
Interest rate swaps | Level 2 | Recurring Measurements
Assets and liabilities that are measured at fair value on a recurring basis
Interest rate swap		(596)	(471)
Interest rate swaps | Level 3 | Recurring Measurements
Assets and liabilities that are measured at fair value on a recurring basis
Interest rate swap		$ 0	$ 0

[1] (1) Balance recorded as other liabilities in Condensed Consolidated Balance Sheet

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Accumulated Other Comprehensive Loss

9 Months Ended

Sep. 30, 2015

Accumulated Other Comprehensive Income [Abstract]

Accumulated Other Comprehensive Loss

Accumulated Other Comprehensive Loss

Changes in accumulated other comprehensive loss ("AOCL") by component, including items reclassified out of AOCL, were as follows:

	Three Months Ended September 30, 2015
(in thousands)	Gains and Losses on Derivatives			Defined Benefit Pension Items			Other		Total
Beginning balance, June 30, 2015	$	(360	)	$	(125,524	)	$	11	$	(125,873	)
Other comprehensive income before reclassifications									—
Amounts reclassified from accumulated other   comprehensive loss
Interest rate swap, net of tax of $37 (a)	59			—			—		59
Actuarial loss, net of tax of $471 (b)				762			—		762
Net current-period other comprehensive loss	59			762			—		821
Ending balance, September 30, 2015	$	(301	)	$	(124,762	)	$	11	$	(125,052	)

	Three Months Ended September 30, 2014
(in thousands)	Gains and Losses on Derivatives			Defined Benefit Pension Items			Other		Total
Beginning balance, June 30, 2014	$	(600	)	$	(79,489	)	$	172	$	(79,917	)
Other comprehensive income before reclassifications	—			—			—		—
Amounts reclassified from accumulated other   comprehensive loss
Interest rate swap, net of tax of $37 (a)	59			—			—		59
Actuarial loss, net of tax of $364 (b)	—			441			—		441
Net current-period other comprehensive income	59			441			—		500
Ending balance, September 30, 2014	$	(541	)	$	(79,048	)	$	172	$	(79,417	)

	Nine Months Ended September 30, 2015
(in thousands)	Gains and Losses on Derivatives			Defined Benefit Pension Items			Other			Total
Beginning balance, December 31, 2014	$	(479	)	$	(125,877	)	$	(87	)	$	(126,443	)
Other comprehensive income before reclassifications										—
Amounts reclassified from accumulated other   comprehensive loss
Interest rate swap, net of tax of $110(a)	178			—			—			178
Actuarial loss, net of tax of $(740) (b)	—			(1,197		)	84			(1,113		)
Net current-period other comprehensive income	178			(1,197		)	84			(935		)
Spin-off of Newspapers, net of tax of $1,517	—			2,312			14			2,326
Ending balance, September 30, 2015	$	(301	)	$	(124,762	)	$	11		$	(125,052	)

	Nine Months Ended September 30, 2014
(in thousands)	Gains and Losses on Derivatives			Defined Benefit Pension Items			Other		Total
Beginning balance, December 31, 2013	$	(718	)	$	(80,377	)	$	172	$	(80,923	)
Other comprehensive income before reclassifications	—			—			—		—
Amounts reclassified from accumulated other   comprehensive loss
Interest rate swap, net of tax of $111 (a)	177			—			—		177
Actuarial loss, net of tax of $924 (b)	—			1,329			—		1,329
Net current-period other comprehensive income	177			1,329			—		1,506
Ending balance, September 30, 2014	$	(541	)	$	(79,048	)	$	172	$	(79,417	)

^(a) Interest rate swap is included in interest expense in the Condensed Consolidated Statements of Operations

^(b) Actuarial loss is included in defined benefit pension plan expense in the Condensed Consolidated Statements of Operations

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Goodwill and Other Intangible Assets - Summary of other intangible assets (Details) - USD ($) $ in Thousands	Sep. 30, 2015	Dec. 31, 2014
Carrying amount:
Total carrying amount	$ 312,063	$ 117,963
Accumulated amortization:
Total accumulated amortization	(37,872)	(22,919)
Net amortizable intangible assets	274,191	95,044
Total other intangible assets	478,006	187,259
Licensing agreements
Accumulated amortization:
Other indefinite-lived intangible assets — FCC licenses	203,815	92,215
Television network affiliation relationships
Carrying amount:
Total carrying amount	248,444	93,944
Accumulated amortization:
Total accumulated amortization	(21,483)	(14,092)
Customer lists and advertiser relationships
Carrying amount:
Total carrying amount	56,300	20,000
Accumulated amortization:
Total accumulated amortization	(13,895)	(7,765)
Other
Carrying amount:
Total carrying amount	7,319	4,019
Accumulated amortization:
Total accumulated amortization	$ (2,494)	$ (1,062)

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Recently Adopted Standards and Issued Accounting Standards (Details) $ in Millions	Sep. 30, 2015 USD ($)
Deferred loan costs
Debt Instrument [Line Items]
New accounting pronouncement, effect of adoption	$ 3.5

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Segment Information (Tables)

9 Months Ended

Sep. 30, 2015

Segment Reporting [Abstract]

Information regarding business segments

Information regarding our business segments is as follows:

	Three Months Ended   September 30,						Nine Months Ended   September 30,
(in thousands)	2015			2014			2015			2014
Segment operating revenues:
Television	$	157,437		$	116,425		$	439,049		$	325,511
Radio	20,421			—			39,834			—
Digital	10,861			5,355			25,698			16,036
Syndication and other	972			1,346			6,267			6,579
Total operating revenues	$	189,691		$	123,126		$	510,848		$	348,126
Segment profit (loss):
Television	$	31,707		$	30,508		$	98,357		$	80,344
Radio	4,073			—			8,981			—
Digital	(3,639		)	(6,206		)	(13,210		)	(17,477		)
Syndication and other	(572		)	(674		)	(1,229		)	(1,230		)
Shared services and corporate	(8,658		)	(7,827		)	(33,701		)	(30,426		)
Defined benefit pension plan expense	(2,976		)	(1,613		)	(9,782		)	(4,253		)
Acquisition and related integration costs	(4,206		)	(2,783		)	(36,953		)	(6,984		)
Depreciation and amortization of intangibles	(16,273		)	(8,706		)	(37,934		)	(23,631		)
Impairment of goodwill and intangibles	(24,613		)	—			(24,613		)	—
(Losses) gains, net on disposal of property, plant and equipment	(200		)	2,979			(579		)	2,931
Interest expense	(4,246		)	(2,050		)	(10,523		)	(6,345		)
Miscellaneous, net	1,061			170			12			(210		)
(Loss) income from continuing operations before income taxes	$	(28,542	)	$	3,798		$	(61,174	)	$	(7,281	)
Depreciation:
Television	$	9,765		$	5,894		$	22,389		$	16,033
Radio	554			—			1,103			—
Digital	132			96			394			275
Syndication and other	66			40			195			80
Shared services and corporate	575			498			1,802			1,458
Total depreciation	$	11,092		$	6,528		$	25,883		$	17,846
Amortization of intangibles:
Television	$	4,262		$	1,909		$	10,412		$	5,108
Radio	280			—			560			—
Digital	639			269			1,079			677
Total amortization of intangibles	$	5,181		$	2,178		$	12,051		$	5,785
Additions to property, plant and equipment:
Television	$	5,607		$	4,100		$	13,350		$	10,540
Radio	623			—			639			—
Digital	46			46			46			108
Syndication and other	7			256			76			324
Shared services and corporate	190			253			1,133			979
Total additions to property, plant and equipment	$	6,473		$	4,655		$	15,244		$	11,951

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Long-Term Debt - Components of Long-Term Debt (Details) - USD ($) $ in Thousands	Sep. 30, 2015		Dec. 31, 2014
Components of Long-term debt
Long-term debt	$ 403,604		$ 198,000
Current portion of long-term debt	6,792		2,000
Long-term debt (less current portion)	396,812		196,000
Fair value of long-term debt	400,800	[1]	194,000
Unsecured subordinated notes payable
Components of Long-term debt
Long-term debt	8,104		0
Variable rate credit facility
Components of Long-term debt
Long-term debt	0		0
Term loan
Components of Long-term debt
Long-term debt	$ 395,500		$ 198,000

[1] * Fair value of the term loan was estimated based on quoted private market transactions and is classified as Level 1 in the fair value hierarchy

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Journal Broadcast Merger and Newspaper Spin-off Discontinued Operations (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014	Apr. 01, 2015	Dec. 31, 2014
Operating results of discontinued operations:
Net income (loss) from discontinued operations	$ 0	$ (2,384)	$ (15,432)	$ 785
Assets:
Total current assets	0		0			$ 46,507
Liabilities:
Total current liabilities	0		0			47,642
Spin-off
Operating results of discontinued operations:
Operating revenues	0	84,474	91,478	275,214
Total costs and expenses	0	(80,655)	(79,517)	(253,257)
Depreciation and amortization of intangibles	0	(4,517)	(3,608)	(12,958)
Other, net	0	(2,709)	(3,298)	(7,549)
Loss on disposal of Scripps Newspapers	0	0	(30,000)	0
Income (loss) on discontinued operations before income taxes	0	(3,407)	(24,945)	1,450
Benefit (provision) for income taxes	0	920	9,513	(967)
Net income (loss) from discontinued operations	0	(2,487)	(15,432)	483
Noncontrolling interest	0	(103)	0	(302)
Net income (loss) from discontinued operations	0	$ (2,384)	(15,432)	$ 785
Non-recurring costs related to spin-off	$ 4,000		40,000
Professional fees allocated to discontinued operations			3,000
Professional fees			$ 37,000
Assets:
Total current assets					$ 44,786	46,507
Property, plant and equipment					155,047	185,548
Intangible assets					0	2,001
Other assets					14,590	2,018
Total assets included in the disposal group					214,423	236,074
Liabilities:
Total current liabilities					47,664	47,642
Deferred income taxes					16,520	16,666
Other liabilities					9,008	13,089
Total liabilities distributed					73,192	77,397
Net assets included in the disposal group					$ 141,231	$ 158,677

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Employee Benefit Plans - Narrative (Details) $ in Thousands		3 Months Ended			9 Months Ended
	Aug. 24, 2015 former_employee	Dec. 31, 2015 USD ($)	Sep. 30, 2015 USD ($)	Sep. 30, 2014 USD ($)	Sep. 30, 2015 USD ($)	Sep. 30, 2014 USD ($)
Defined Benefit Plan Disclosure [Line Items]
Withdrawal from multi-employer pension plan, undiscounted liability			$ 6,500		$ 6,500
Withdrawal from multi-employer pension plan, recorded liability			$ 4,100		4,100
Withdrawal from multi-employer pension plan, liability repayment, term			20 years
SERP
Defined Benefit Plan Disclosure [Line Items]
Contributions to benefit plan					300
Estimated future contributions					500
Defined benefit plans
Defined Benefit Plan Disclosure [Line Items]
Contributions to benefit plan					0
Curtailment charge			$ 0	$ 0	$ 1,080	$ 0
Number of former employees eligible under plan | former_employee	4,300
Defined benefit plans | Forecast
Defined Benefit Plan Disclosure [Line Items]
Non-cash pension settlement charge (up to)		$ 45,000

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Other Charges and Credits - Narrative (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Business Acquisition [Line Items]
Acquisition and related integration costs	$ 4,206	$ 2,783	$ 36,953	$ 6,984
Impairment of goodwill and intangibles	24,613	$ 0	24,613	$ 0
Journal Communications, Inc.
Business Acquisition [Line Items]
Acquisition and related integration costs	$ 4,206		$ 36,953

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Condensed Consolidated Statements of Equity (Parenthetical) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014
Statement of Stockholders' Equity [Abstract]
Shares issued on compensation plans	1,084,647	1,779,404
Repurchase of Class A Common shares	561,019	1,181,560
Tax payments related to shares withheld for vested stock and RSUs	$ 5,126	$ 4,035
Cash dividends declared (in dollars per share)	$ 1.03	$ 0
Cash dividends paid (in dollars per share)	$ 1.03	$ 0
Number of shares issued in business acquisition	26,350,993	0

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Segment Information - Narrative (Details)	Sep. 30, 2015 radio_station customer affiliate market
Segment Reporting Information [Line Items]
Number of major customers customers | customer	0
Percentage of revenue by major customer	10.00%
Television
Segment Reporting Information [Line Items]
Percentage of market capture	18.00%
Television | ABC affiliates
Segment Reporting Information [Line Items]
Number of affiliates	15
Television | NBC affiliates
Segment Reporting Information [Line Items]
Number of affiliates	5
Television | FOX affiliates
Segment Reporting Information [Line Items]
Number of affiliates	2
Television | CBS affiliates
Segment Reporting Information [Line Items]
Number of affiliates	2
Television | Non big four affiliates
Segment Reporting Information [Line Items]
Number of affiliates	4
Television | Azteca America affiliates
Segment Reporting Information [Line Items]
Number of affiliates	5
Radio
Segment Reporting Information [Line Items]
Number of radio stations | radio_station	34
Number of markets in which the company operates | market	8
Radio | Radio - FM
Segment Reporting Information [Line Items]
Number of radio stations | radio_station	28
Radio | Radio - AM
Segment Reporting Information [Line Items]
Number of radio stations | radio_station	6

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Acquisitions - Narrative (Details)							3 Months Ended	9 Months Ended
	Oct. 01, 2015 USD ($)	Jul. 22, 2015 USD ($) show	Apr. 01, 2015 USD ($) radio_station television_station shares	Sep. 16, 2014 USD ($)	Jun. 16, 2014 USD ($) television_station	Jan. 01, 2014 USD ($)	Sep. 30, 2015 USD ($)	Sep. 30, 2015 USD ($) shares	Sep. 30, 2014 shares	Dec. 31, 2014 USD ($)
Acquisitions (Textual) [Abstract]
Number of shares issued in business acquisition | shares								26,350,993	0
Goodwill							$ 586,342,000	$ 586,342,000		$ 106,261,000
KNIN [Member] | Raycom Media, Inc. [Member] | Subsequent event
Acquisitions (Textual) [Abstract]
Business disposition, consideration to be received	$ 14,500,000
Midroll Media
Acquisitions (Textual) [Abstract]
Number of television shows (more than) | show		200
Business acquisition, purchase price		$ 50,000,000
Business acquisition, earnout provision		10,000,000
Intangible assets		10,700,000
Goodwill		43,176,000
Business acquisition, purchase price		$ 54,586,000
Earnout provision, payment term		3 years
Earnout provision, fair value							5,000,000	$ 5,000,000
Midroll Media | Advertiser relationships
Acquisitions (Textual) [Abstract]
Intangible assets		$ 7,000,000
Intangible asset, estimated amortization period		5 years
Midroll Media | Other intangible assets
Acquisitions (Textual) [Abstract]
Intangible assets		$ 4,000,000
Journal Communications, Inc.
Acquisitions (Textual) [Abstract]
Number of television stations acquired | television_station			12
Number of radio stations acquired | radio_station			34
Business acquisition, purchase price			$ 636,000,000
Business acquisition, measurement period adjustment to preliminary purchase price							$ 12,200,000
Intangible assets			295,000,000
Goodwill			459,405,000
Business acquisition, purchase price			636,000,000
Journal Communications, Inc. | Retransmission agreements, television network affiliate relationships and advertiser relationships
Acquisitions (Textual) [Abstract]
Intangible assets			$ 183,000,000
Journal Communications, Inc. | Retransmission agreements, television network affiliate relationships and advertiser relationships | Minimum
Acquisitions (Textual) [Abstract]
Intangible asset, estimated amortization period			10 years
Journal Communications, Inc. | Retransmission agreements, television network affiliate relationships and advertiser relationships | Maximum
Acquisitions (Textual) [Abstract]
Intangible asset, estimated amortization period			20 years
Journal Communications, Inc. | FCC licenses
Acquisitions (Textual) [Abstract]
Intangible assets			$ 111,600,000
Journal Communications, Inc. | Common Stock | Common stock, Class A
Acquisitions (Textual) [Abstract]
Number of shares issued in business acquisition | shares			26,400,000
Detroit MyNetworkTV affiliate and Buffalo ABC affiliate
Acquisitions (Textual) [Abstract]
Number of television stations acquired | television_station					2
Acquisition cost in cash					$ 110,000,000
Intangible assets					53,500,000
Goodwill					44,715,000
Business acquisition, purchase price					110,000,000
Detroit MyNetworkTV affiliate and Buffalo ABC affiliate | Retransmission agreements, television network affiliate relationships and advertiser relationships
Acquisitions (Textual) [Abstract]
Intangible assets					$ 19,100,000
Detroit MyNetworkTV affiliate and Buffalo ABC affiliate | Retransmission agreements, television network affiliate relationships and advertiser relationships | Minimum
Acquisitions (Textual) [Abstract]
Intangible asset, estimated amortization period					10 years
Detroit MyNetworkTV affiliate and Buffalo ABC affiliate | Retransmission agreements, television network affiliate relationships and advertiser relationships | Maximum
Acquisitions (Textual) [Abstract]
Intangible asset, estimated amortization period					20 years
Detroit MyNetworkTV affiliate and Buffalo ABC affiliate | FCC licenses
Acquisitions (Textual) [Abstract]
Intangible assets					$ 34,400,000
Media Convergence Group (Newsy)
Acquisitions (Textual) [Abstract]
Acquisition cost in cash						$ 35,000,000
Intangible assets						5,900,000
Goodwill						28,983,000
Working capital adjustment						200,000
Business acquisition, purchase price						35,222,000
Media Convergence Group (Newsy) | Customer relationships
Acquisitions (Textual) [Abstract]
Intangible assets						4,100,000
Media Convergence Group (Newsy) | Other intangible assets
Acquisitions (Textual) [Abstract]
Intangible assets						$ 1,800,000
WeatherSphere
Acquisitions (Textual) [Abstract]
Business acquisition, purchase price				$ 4,100,000
Earnout provision, maximum				$ 2,500,000
Earnout provision, payment term				3 years
Earnout provision, fair value				$ 1,200,000

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Acquisitions (Tables)

9 Months Ended

Sep. 30, 2015

Business Combination, Separately Recognized Transactions [Line Items]

Pro forma results of operations

Pro forma results of operations, assuming the Granite and Journal transactions (collectively the "Acquired Stations") had taken place at the beginning of 2013 and 2014, respectively, are included in the following table. The pro forma results do not include Midroll, Newsy or Weathersphere as the impact of these acquisitions, individually or in the aggregate, are not material to prior year results of operations. The pro forma information includes the historical results of operations of Scripps and the Acquired Stations and adjustments for additional depreciation and amortization of the assets acquired, additional interest expense related to the financing of the transaction and reflecting the transaction costs incurred in 2015 as if they were incurred in the first quarter of 2014. The weighted average shares utilized in calculating the earnings per share assumes that the shares issued to the Journal shareholders were issued on January 1, 2014. The pro forma information does not include efficiencies, cost reductions or synergies expected to result from the acquisition. The unaudited pro forma financial information is not necessarily indicative of the results that actually would have occurred had the acquisition been completed at the beginning of the period.

	Three Months Ended   September 30,					Nine Months Ended   September 30,
(in thousands, except per share data) (unaudited)	2015			2014		2015			2014
Operating revenues	$	189,691		$	192,621	$	573,310		$	560,097
(Loss) income from continuing operations attributable to the shareholders of The E.W. Scripps Company	(23,606		)	6,093		(17,028		)	(18,586		)
(Loss) income per share from operations attributable to the shareholders of The E.W. Scripps Company:
Basic	$	(0.27	)	0.07		$	(0.19	)	(0.23		)
Diluted	(0.27		)	0.07		(0.19		)	(0.23		)

Midroll Media

Business Combination, Separately Recognized Transactions [Line Items]

Fair values of the assets acquired and the liabilities assumed

Pending the finalization of third-party valuations and other items, the following table summarizes the preliminary fair values of the assets acquired and the liabilities assumed:

(in thousands)
Assets:
Cash	$	632
Accounts receivable	2,925
Other assets	518
Intangible assets	10,700
Goodwill	43,176
Total assets acquired	57,951
Current liabilities	3,365
Net purchase price	$	54,586

Journal Communications, Inc.

Business Combination, Separately Recognized Transactions [Line Items]

Fair values of the assets acquired and the liabilities assumed

Pending the finalization of third-party valuations and other items, the following table summarizes the preliminary fair values of the assets acquired and the liabilities assumed:

(in thousands)
Assets:
Cash	$	2,530
Accounts receivable	47,977
Other current assets	2,236
Property, plant and equipment	123,264
Intangible assets	295,000
Goodwill	459,405
Other long-term assets	6,351
Assets held for sale	14,500
Total assets acquired	951,263
Accounts payable and accrued liabilities	43,262
Employee benefit obligations	85,261
Deferred tax liability	55,054
Long-term debt	126,873
Other long-term liabilities	4,813
Net purchase price	$	636,000

Detroit MyNetworkTV affiliate and Buffalo ABC affiliate

Business Combination, Separately Recognized Transactions [Line Items]

Fair values of the assets acquired and the liabilities assumed

The following table summarizes their final fair values.

(in thousands)
Assets:
Property, plant and equipment	$	12,025
Intangible assets	53,500
Goodwill	44,715
Total assets acquired	110,240
Current liabilities	240
Net purchase price	$	110,000

Media Convergence Group (Newsy)

Business Combination, Separately Recognized Transactions [Line Items]

Fair values of the assets acquired and the liabilities assumed

The following table summarizes their final fair values.

(in thousands)
Assets:
Accounts receivable	$	640
Other assets	74
Equipment and software	631
Intangible assets	5,900
Goodwill	28,983
Total assets acquired	36,228
Current liabilities	116
Long-term deferred liability	890
Net purchase price	$	35,222

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Summary of Significant Accounting Policies (Tables)

9 Months Ended

Sep. 30, 2015

Accounting Policies [Abstract]

Components of basic and diluted weighted-average shares

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

	Three Months Ended   September 30,					Nine Months Ended   September 30,
(in thousands)	2015			2014		2015			2014
Numerator (for basic and diluted earnings per share)
Net (loss) income from continuing operations	$	(24,443	)	$	1,043	$	(45,513	)	$	(5,973	)
Less income allocated to RSUs	—			—		—			—
Numerator for basic and diluted earnings per share from continuing operations	$	(24,443	)	$	1,043	$	(45,513	)	$	(5,973	)
Denominator
Basic weighted-average shares outstanding	84,107			56,469		75,213			56,200
Effect of dilutive securities:
Stock options held by employees and directors	—			—		—			—
Diluted weighted-average shares outstanding	84,107			56,469		75,213			56,200
Anti-dilutive securities (1)	2,148			3,313		2,148			3,313

⁽¹⁾ Amount outstanding at balance sheet date, before application of the treasury stock method and not weighted for period outstanding.

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Financial Instruments - Effective Portion of Unrealized Gain and Loss (Details) - Interest rate swaps - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Derivatives designated as cash flow hedges:
Amounts reclassified from accumulated OCL, gain/(loss)	$ 96	$ 96	$ 288	$ 288
Gain/(loss) on derivative	$ (15)	$ 362	$ (125)	$ 300

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Acquisitions - Fair Value of Assets Acquired and Liabilities Assumed (Details) - USD ($) $ in Thousands	Sep. 30, 2015	Jul. 22, 2015	Apr. 01, 2015	Dec. 31, 2014	Jun. 16, 2014	Jan. 01, 2014
Business Combination, Recognized Identifiable Assets Acquired, Goodwill, and Liabilities Assumed, Net [Abstract]
Goodwill	$ 586,342			$ 106,261
Midroll Media
Business Combination, Recognized Identifiable Assets Acquired, Goodwill, and Liabilities Assumed, Net [Abstract]
Cash		$ 632
Accounts receivable		2,925
Intangible assets		10,700
Goodwill		43,176
Other long-term assets		518
Total assets acquired		57,951
Current liabilities		3,365
Net purchase price		$ 54,586
Journal Communications, Inc.
Business Combination, Recognized Identifiable Assets Acquired, Goodwill, and Liabilities Assumed, Net [Abstract]
Cash			$ 2,530
Accounts receivable			47,977
Other assets			2,236
Property, plant and equipment			123,264
Intangible assets			295,000
Goodwill			459,405
Other long-term assets			6,351
Assets held for sale			14,500
Total assets acquired			951,263
Accounts payable and accrued liabilities			43,262
Employee benefit obligations			85,261
Long-term deferred liability			55,054
Long-term debt			126,873
Other long-term liabilities			4,813
Net purchase price			$ 636,000
Detroit MyNetworkTV affiliate and Buffalo ABC affiliate
Business Combination, Recognized Identifiable Assets Acquired, Goodwill, and Liabilities Assumed, Net [Abstract]
Property, plant and equipment					$ 12,025
Intangible assets					53,500
Goodwill					44,715
Total assets acquired					110,240
Current liabilities					240
Net purchase price					$ 110,000
Media Convergence Group (Newsy)
Business Combination, Recognized Identifiable Assets Acquired, Goodwill, and Liabilities Assumed, Net [Abstract]
Accounts receivable						$ 640
Other assets						74
Property, plant and equipment						631
Intangible assets						5,900
Goodwill						28,983
Total assets acquired						36,228
Current liabilities						116
Long-term deferred liability						890
Net purchase price						$ 35,222

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Goodwill and Other Intangible Assets (Tables)

9 Months Ended

Sep. 30, 2015

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of Goodwill

Goodwill was as follows:

(in thousands)
Balance as of December 31, 2014	$	106,261
Journal acquisition	459,405
Midroll acquisition	43,176
Goodwill impairment	(22,500		)
Balance as of September 30, 2015	$	586,342

Summary of other intangible assets

Other intangible assets consisted of the following:

(in thousands)	As of   September 30,   2015			As of   December 31,   2014
Amortizable intangible assets:
Carrying amount:
Television network affiliation relationships	$	248,444		$	93,944
Customer lists and advertiser relationships	56,300			20,000
Other	7,319			4,019
Total carrying amount	312,063			117,963
Accumulated amortization:
Television network affiliation relationships	(21,483		)	(14,092		)
Customer lists and advertiser relationships	(13,895		)	(7,765		)
Other	(2,494		)	(1,062		)
Total accumulated amortization	(37,872		)	(22,919		)
Net amortizable intangible assets	274,191			95,044
Other indefinite-lived intangible assets — FCC licenses	203,815			92,215
Total other intangible assets	$	478,006		$	187,259

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Long-Term Debt (Tables)

9 Months Ended

Sep. 30, 2015

Debt Disclosure [Abstract]

Components of Long-term debt

Long-term debt consisted of the following:

(in thousands)	As of   September 30,   2015		As of   December 31,   2014
Variable rate credit facility	$	—	$	—
Term loan	395,500		198,000
Unsecured subordinated notes payable	8,104		—
Long-term debt	403,604		198,000
Current portion of long-term debt	6,792		2,000
Long-term debt (less current portion)	$	396,812	$	196,000
Fair value of long-term debt *	$	400,800	$	194,000

* Fair value of the term loan was estimated based on quoted private market transactions and is classified as Level 1 in the fair value hierarchy. The fair value of the unsecured promissory notes is determined based on a discounted cash flow analysis using current market interest rates of comparable instruments and is classified as a Level 2 in the fair value hierarchy.

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Condensed Consolidated Statements of Equity - USD ($) $ in Thousands		Total	Common Stock	Additional Paid-in Capital	Retained Earnings (Accumulated Loss)	Accumulated Other Comprehensive Loss	Noncontrolling Interests
Balance, beginning at Dec. 31, 2013		$ 547,737	$ 560	$ 509,243	$ 116,893	$ (80,923)	$ 1,964
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net loss		(5,490)			(5,188)
Net loss attributable to noncontrolling interests							(302)
Changes in defined benefit pension plans		1,329				1,329
Changes in fair value of derivative		177				177
Repurchase Class A Common shares: 1,181,560 in 2014 and 561,019 in 2015		(21,237)	(12)	(12,496)	(8,729)
Compensation plans: 1,779,404 net shares issued in 2014 and 1,084,647 in 2015	[1]	14,335	18	14,317
Balance, ending at Sep. 30, 2014		536,851	566	511,064	102,976	(79,417)	1,662
Balance, beginning at Dec. 31, 2014		519,933	570	525,456	118,693	(126,443)	1,657
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net loss		(60,945)			(60,945)
Net loss attributable to noncontrolling interests							0
Changes in defined benefit pension plans		(1,113)				(1,113)
Changes in fair value of derivative		178				178
Cash dividends: declared and paid — $1.03 per share		(59,523)
Shares issued for acquisition: 26,350,993 shares issued		636,000	263	635,737
Spin-off of Newspapers		(140,562)			(141,231)	2,326	(1,657)
Repurchase Class A Common shares: 1,181,560 in 2014 and 561,019 in 2015		(10,901)	(6)	(5,932)	(4,963)
Compensation plans: 1,779,404 net shares issued in 2014 and 1,084,647 in 2015	[1]	9,387	11	9,376
Balance, ending at Sep. 30, 2015		$ 892,454	$ 838	$ 1,164,637	$ (147,969)	$ (125,052)	$ 0

[1] * Net of tax payments related to shares withheld for vested stock and RSUs of $5,126 in 2015 and $4,035 in 2014.

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Financial Instruments (Tables)

9 Months Ended

Sep. 30, 2015

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Notional amounts and fair values of derivatives

The notional amounts and fair values of derivative instruments are shown in the table below:

	As of September 30, 2015						As of December 31, 2014
	Notional amount		Fair value				Notional amount		Fair value
(in thousands)			Asset		Liability (1)				Asset		Liability (1)
Undesignated derivatives:
Interest rate swap	$	75,000	$	—	$	596	$	75,000	$	—	$	471

⁽¹⁾ Balance recorded as other liabilities in Condensed Consolidated Balance Sheet

Effective portion of the unrealized gain and loss on the derivative

For the period ended September 30, 2015, approximately $0.3 million was amortized into earnings from accumulated other comprehensive loss and is included in the table below as amounts reclassified from accumulated OCL, gain/(loss).

	Three Months Ended   September 30,			Nine Months Ended   September 30,
(in thousands)	2015		2014	2015		2014
Amounts reclassified from accumulated OCL, gain/(loss)	96		96	288		288
Gain/(loss) on derivative	(15	)	362	(125	)	300

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Summary of Significant Accounting Policies - Narrative (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based compensation costs	$ 1.4	$ 0.3	$ 8.5	$ 4.9
Discontinued Operations
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based compensation costs		$ 0.1	$ 1.1	$ 1.2

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Long-Term Debt - Narrative (Details) - USD ($)		9 Months Ended
	Apr. 01, 2015	Sep. 30, 2015	Dec. 31, 2014	Sep. 30, 2014
Long-Term Debt (Textual) [Abstract]
Current portion of long-term debt		$ 6,792,000	$ 2,000,000
Long-term debt (less current portion)		396,812,000	196,000,000
Scheduled principal payments on long-term debt in 2015		1,000,000
Scheduled principal payments on long-term debt in 2016		4,000,000
Scheduled principal payments on long-term debt in 2017		4,000,000
Scheduled principal payments on long-term debt in 2018		4,000,000
Scheduled principal payments on long-term debt in 2019		4,000,000
Scheduled principal payments on long-term debt in 2020		378,500,000
Letters of credit outstanding amount		$ 800,000	$ 200,000
Minimum
Long-Term Debt (Textual) [Abstract]
Percentage of commitment fees of total unused commitment under revolving credit facility		0.30%
Maximum
Long-Term Debt (Textual) [Abstract]
Percentage of commitment fees of total unused commitment under revolving credit facility		0.50%
Spin-off
Long-Term Debt (Textual) [Abstract]
Special cash dividend	$ 60,000,000
Financing Agreement
Long-Term Debt (Textual) [Abstract]
Revolving credit and term loan agreement to finance acquisition	500,000,000
Restricted payment for dividend and share repurchase, maximum		$ 70,000,000
Ratio of Indebtedness to Net Capital		4.5
Term loan B | Journal Communications, Inc.
Long-Term Debt (Textual) [Abstract]
Repayments of debt	116,000,000
Term loan B | Financing Agreement
Long-Term Debt (Textual) [Abstract]
Revolving credit and term loan agreement, increase in borrowing capacity	200,000,000
Long-term debt, term loan	400,000,000
Long-term Debt, Percentage Bearing Variable Interest, Percentage Rate		3.50%	3.25%
LIBOR plus margin range		2.75%
Weighted average interest rate		3.42%		3.25%
Term loan B | Financing Agreement | Minimum
Long-Term Debt (Textual) [Abstract]
Long-term Debt, Percentage Bearing Variable Interest, Percentage Rate		0.75%
Revolving credit facility | Financing Agreement
Long-Term Debt (Textual) [Abstract]
Revolving credit and term loan agreement to finance acquisition	100,000,000
Revolving credit and term loan agreement, increase in borrowing capacity	$ 25,000,000
Revolving credit facility | Financing Agreement | Minimum
Long-Term Debt (Textual) [Abstract]
Line of Credit Facility, Amount Outstanding, Trigger Leverage Ratio, Percentage		20.00%
LIBOR plus margin range		2.25%
Revolving credit facility | Financing Agreement | Maximum
Long-Term Debt (Textual) [Abstract]
LIBOR plus margin range		2.75%
Unsecured subordinated notes payable
Long-Term Debt (Textual) [Abstract]
Stated interest rate (percent)		7.25%
Annual installment payments		$ 2,700,000

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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)	Sep. 30, 2015	Dec. 31, 2014
Current assets:
Cash and cash equivalents	$ 81,342,000	$ 158,459,000
Restricted cash	6,560,000	6,810,000
Accounts and notes receivable (less allowances — $1,657 and $1,390)	164,972,000	99,609,000
Transition services agreement receivable, net	2,473,000	0
Deferred income taxes	28,553,000	10,754,000
Income taxes receivable	1,622,000	0
Miscellaneous	8,751,000	6,521,000
Assets of discontinued operations — current	0	46,507,000
Total current assets	294,273,000	328,660,000
Investments	14,876,000	9,454,000
Property, plant and equipment	269,792,000	157,841,000
Goodwill	586,342,000	106,261,000
Other intangible assets	478,006,000	187,259,000
Deferred income taxes	0	54,612,000
Miscellaneous	23,921,000	15,743,000
Assets held for sale	14,500,000	0
Assets of discontinued operations — noncurrent	0	172,901,000
Total Assets	1,681,710,000	1,032,731,000
Current liabilities:
Accounts payable	21,994,000	13,987,000
Customer deposits and unearned revenue	10,999,000	8,812,000
Current portion of long-term debt	6,792,000	2,000,000
Accrued liabilities:
Employee compensation and benefits	29,762,000	20,901,000
Miscellaneous	30,241,000	31,890,000
Other current liabilities	11,716,000	9,306,000
Total current liabilities	0	47,642,000
Total current liabilities	111,504,000	134,538,000
Long-term debt (less current portion)	396,812,000	196,000,000
Deferred Tax Liabilities, Net, Noncurrent	3,201,000	0
Other liabilities (less current portion)	277,739,000	169,171,000
Liabilities of discontinued operations — noncurrent	0	13,089,000
Equity:
Preferred stock, $.01 par — authorized: 25,000,000 shares; none outstanding	0	0
Common stock, $.01 par: Class A - authorized: 240,000,000 shares; issued and outstanding; 71,937,143 and 45,062,522 shares; Voting - authorized: 60,000,000 shares; issued and outstanding; 11,932,722 and 11,932,722 shares	838,000	570,000
Additional paid-in capital	1,164,637,000	525,456,000
Retained earnings (accumulated deficit)	(147,969,000)	118,693,000
Accumulated other comprehensive loss, net of income taxes	(125,052,000)	(126,443,000)
The E.W. Scripps Company total shareholders’ equity	892,454,000	518,276,000
Noncontrolling interest — discontinued operations	0	1,657,000
Total equity	892,454,000	519,933,000
Total Liabilities and Equity	1,681,710,000	1,032,731,000
Common stock, Class A
Equity:
Common stock, $.01 par: Class A - authorized: 240,000,000 shares; issued and outstanding; 71,937,143 and 45,062,522 shares; Voting - authorized: 60,000,000 shares; issued and outstanding; 11,932,722 and 11,932,722 shares	719,000	451,000
Voting common stock
Equity:
Common stock, $.01 par: Class A - authorized: 240,000,000 shares; issued and outstanding; 71,937,143 and 45,062,522 shares; Voting - authorized: 60,000,000 shares; issued and outstanding; 11,932,722 and 11,932,722 shares	$ 119,000	$ 119,000

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Acquisitions - Pro Forma Disclosures (Details) - Journal Communications and Detroit My Network TV Affiliate and Buffalo ABC Affiliate - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Business Acquisition, Pro Forma Information, Nonrecurring Adjustment [Line Items]
Business Acquisition, Pro Forma Revenue	$ 189,691	$ 192,621	$ 573,310	$ 560,097
Business Acquisition, Pro Forma Net Income (Loss)	$ (23,606)	$ 6,093	$ (17,028)	$ (18,586)
Business Acquisition, Pro Forma Earnings Per Share, Basic	$ (0.27)	$ 0.07	$ (0.19)	$ (0.23)
Business Acquisition, Pro Forma Earnings Per Share, Diluted	$ (0.27)	$ 0.07	$ (0.19)	$ (0.23)

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Condensed Consolidated Statements of Comprehensive Loss (Parenthetical) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Changes in fair value of derivatives, tax amount	$ 37	$ 37	$ 110	$ 111
Changes in defined benefit pension plans, tax amount	$ 471	$ 364	$ (740)	$ 924

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Supplemental Cash Flow Information - Change in Certain Working Capital Accounts (Details) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014
Other changes in certain working capital accounts, net
Accounts and notes receivable	$ (14,461)	$ 3,197
Transition services receivable, net	(2,473)	0
Income taxes receivable/payable, net	(14,450)	(5,764)
Accounts payable	(11,303)	1,522
Accrued employee compensation and benefits	2,059	7,611
Other accrued liabilities	(1,649)	4,550
Other, net	(3,814)	4,632
Total	$ (46,091)	$ 15,748

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Supplemental Cash Flow Information (Tables)

9 Months Ended

Sep. 30, 2015

Supplemental Cash Flow Elements [Abstract]

Change in certain working capital accounts

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

	Nine Months Ended   September 30,
(in thousands)	2015			2014
Other changes in certain working capital accounts, net
Accounts and notes receivable	$	(14,461	)	$	3,197
Transition services receivable, net	(2,473		)	—
Income taxes receivable/payable, net	(14,450		)	(5,764		)
Accounts payable	(11,303		)	1,522
Accrued employee compensation and benefits	2,059			7,611
Other accrued liabilities	(1,649		)	4,550
Other, net	(3,814		)	4,632
Total	$	(46,091	)	$	15,748

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Accumulated Other Comprehensive Loss (Details) - USD ($) $ in Thousands		3 Months Ended				9 Months Ended
		Sep. 30, 2015		Sep. 30, 2014		Sep. 30, 2015	Sep. 30, 2014
Accumulated Other Comprehensive Loss [Roll Forward]
Beginning balance		$ (125,873)		$ (79,917)		$ (126,443)	$ (80,923)
Other comprehensive income before reclassifications		0		0		0	0
Spin-off of Newspapers, net of tax of $1,517						(140,562)
Ending balance		(125,052)		(79,417)		(125,052)	(79,417)
Reclassification out of Accumulated Other Comprehensive Income
Accumulated Other Comprehensive Loss [Roll Forward]
Amounts reclassified from accumulated other comprehensive loss, Interest rate swap	[1]	59		59		178	177
Amounts reclassified from accumulated other comprehensive loss, Actuarial loss	[2]	762		441		(1,113)	1,329
Net current-period other comprehensive income		821		500		(935)	1,506
Gains and Losses on Derivatives
Accumulated Other Comprehensive Loss [Roll Forward]
Beginning balance		$ (360)		(600)		$ (479)	(718)
Other comprehensive income before reclassifications				0			0
Spin-off of Newspapers, net of tax of $1,517						$ 0
Ending balance		$ (301)		(541)		(301)	(541)
Gains and Losses on Derivatives | Reclassification out of Accumulated Other Comprehensive Income
Accumulated Other Comprehensive Loss [Roll Forward]
Amounts reclassified from accumulated other comprehensive loss, Actuarial loss			[2]	0	[2]	0	0	[2]
Net current-period other comprehensive income		$ 59		59		178	177
Gains and Losses on Derivatives | Reclassification out of Accumulated Other Comprehensive Income | Interest rate swaps
Accumulated Other Comprehensive Loss [Roll Forward]
Amounts reclassified from accumulated other comprehensive loss, Interest rate swap	[1]	59		59		178	177
Amounts reclassified from accumulated other comprehensive loss, Interest rate swap, tax		37		37		110	111
Defined Benefit Pension Items
Accumulated Other Comprehensive Loss [Roll Forward]
Beginning balance		$ (125,524)		(79,489)		$ (125,877)	(80,377)
Other comprehensive income before reclassifications				0			0
Spin-off of Newspapers, net of tax of $1,517						$ 2,312
Spin-off on Newspapers, tax		$ 0				1,517
Ending balance		(124,762)		(79,048)		(124,762)	(79,048)
Defined Benefit Pension Items | Reclassification out of Accumulated Other Comprehensive Income
Accumulated Other Comprehensive Loss [Roll Forward]
Amounts reclassified from accumulated other comprehensive loss, Interest rate swap		0	[1]	0	[1]	0	0	[1]
Amounts reclassified from accumulated other comprehensive loss, Actuarial loss	[2]	762		441		(1,197)	1,329
Amounts reclassification from accumulated other comprehensive loss, Actuarial loss, tax		(471)		364		740	924
Net current-period other comprehensive income		762		441		(1,197)	1,329
Other
Accumulated Other Comprehensive Loss [Roll Forward]
Beginning balance		$ 11		172		$ (87)	172
Other comprehensive income before reclassifications				0			0
Spin-off of Newspapers, net of tax of $1,517						$ 14
Ending balance		$ 11		172		11	172
Other | Reclassification out of Accumulated Other Comprehensive Income
Accumulated Other Comprehensive Loss [Roll Forward]
Amounts reclassified from accumulated other comprehensive loss, Interest rate swap		0	[1]	0	[1]	0	0	[1]
Amounts reclassified from accumulated other comprehensive loss, Actuarial loss	[2]	0		0		84	0
Net current-period other comprehensive income		$ 0		$ 0		84	$ 0
AOCI Attributable to Parent [Member]
Accumulated Other Comprehensive Loss [Roll Forward]
Spin-off of Newspapers, net of tax of $1,517						$ 2,326

[1] (a) Interest rate swap is included in interest expense in the Condensed Consolidated Statements of Operations

[2] (b) Actuarial loss is included in defined benefit pension plan expense in the Condensed Consolidated Statements of Operations

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Employee Benefit Plans

9 Months Ended

Sep. 30, 2015

Compensation and Retirement Disclosure [Abstract]

Employee Benefit Plans

Employee Benefit Plans

We sponsor various noncontributory defined benefit pension plans covering substantially all full-time employees that began employment prior to June 30, 2008. Benefits earned by employees are generally based upon employee compensation and years of service credits. We also have a non-qualified Supplemental Executive Retirement Plan ("SERP"). Effective June 30, 2009, we froze the accrual of benefits under our defined benefit pension plans and our SERP that cover the majority of our employees.

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. In connection with freezing the accrual of service credits under certain of our defined benefit pension plans, we began contributing additional amounts (referred to as transition credits) to certain employees' defined contribution retirement accounts in 2011. These transition credits, which will be made through the end of 2015, are determined based upon the employee’s age, compensation and years of service.

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.

The components of the expense consisted of the following:

	Three Months Ended   September 30,						Nine Months Ended   September 30,
(in thousands)	2015			2014			2015			2014
Service cost	$	—		$	21		$	—		$	64
Interest cost	8,169			6,600			22,797			19,155
Expected return on plan assets, net of expenses	(6,625		)	(5,893		)	(18,334		)	(17,611		)
Amortization of actuarial loss	1,179			862			3,515			2,145
Curtailment	—			—			1,080			—
Total for defined benefit plans	2,723			1,590			9,058			3,753
Multi-employer plans	43			100			140			324
Withdrawal from GCIU multi-employer plan	—			—			—			4,100
SERP	253			80			800			672
Defined contribution plans	2,094			2,419			7,805			8,635
Net periodic benefit cost	5,113			4,189			17,803			17,484
Allocated to discontinued operations	—			(1,178		)	(1,096		)	(7,819		)
Net periodic benefit cost — continuing operations	$	5,113		$	3,011		$	16,707		$	9,665

We contributed $0.3 million to fund current benefit payments for our SERP during the nine months ended September 30, 2015. We anticipate contributing an additional $0.5 million to fund the SERP’s benefit payments during the remainder of 2015. No contributions were made to our defined benefit pension plans during the first nine months of 2015. A one-time curtailment charge of $1.1 million was recorded in the second quarter of 2015 related to our defined benefit pension plan as a result of the impact of the spin-off of our Newspaper business. We also remeasured the pension liabilities as a result of the newspaper spin-off on April 1, 2015.

On August 24, 2015, we offered eligible former employees with vested, deferred pension plan benefits the option of receiving their benefits either as a lump-sum distribution or an immediate annuity payment. Approximately 4,300 former Scripps employees were eligible for this offer; former Journal Communications employees were not affected. Company funds will not be used to make the lump-sum distributions. All distributions will be made from existing pension plan assets. The company expects the funded status of the plan to remain materially unchanged as a result of this offer. Eligible participants had until October 13, 2015 to make an election. The lump-sum payments are expected to be made in November 2015. After distribution of the lump-sum amounts, we will record a non-cash pension settlement charge in the fourth quarter of approximately $45 million, based on the estimated rate of acceptance.

We participate in multi-employer pension plans that cover certain employees that are members of unions or trade associations that have a collective bargaining agreement with us. In 2014, unions ratified our plan to withdraw from the Graphics Communication International Union (GCIU) Employer Retirement Fund. Upon ratification of the agreement, we estimated the undiscounted liability to be approximately $6.5 million and recorded a liability of $4.1 million in 2014 for the present value withdrawal liability. Once we reach a final agreement with the GCIU, we either will pay the liability in a lump sum or make equal monthly installments over 20 years.

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Employee Benefit Plans (Tables)

9 Months Ended

Sep. 30, 2015

Compensation and Retirement Disclosure [Abstract]

Components of benefit expense

The components of the expense consisted of the following:

	Three Months Ended   September 30,						Nine Months Ended   September 30,
(in thousands)	2015			2014			2015			2014
Service cost	$	—		$	21		$	—		$	64
Interest cost	8,169			6,600			22,797			19,155
Expected return on plan assets, net of expenses	(6,625		)	(5,893		)	(18,334		)	(17,611		)
Amortization of actuarial loss	1,179			862			3,515			2,145
Curtailment	—			—			1,080			—
Total for defined benefit plans	2,723			1,590			9,058			3,753
Multi-employer plans	43			100			140			324
Withdrawal from GCIU multi-employer plan	—			—			—			4,100
SERP	253			80			800			672
Defined contribution plans	2,094			2,419			7,805			8,635
Net periodic benefit cost	5,113			4,189			17,803			17,484
Allocated to discontinued operations	—			(1,178		)	(1,096		)	(7,819		)
Net periodic benefit cost — continuing operations	$	5,113		$	3,011		$	16,707		$	9,665

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Capital Stock

9 Months Ended

Sep. 30, 2015

Equity [Abstract]

Capital Stock

Capital Stock

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.

Share Repurchase Plan — In May 2014, our Board of Directors authorized a repurchase program of up to $100 million of our Class A Common shares through December 2016. Shares may be repurchased from time to time at management's discretion, either in the open market, through pre-arranged trading plans or in privately negotiated block transactions. Under the authorization, we repurchased $10.9 million of shares at prices ranging from $15.90 to $24.08 per share during the first nine months of 2015. As of September 30, 2015, we have $89.1 million remaining for share repurchases under this authorization.

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Condensed Consolidated Statements of Cash Flows - USD ($)	9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014
Cash Flows from Operating Activities:
Net loss	$ (60,945,000)	$ (5,188,000)
Loss (income) from discontinued operations	15,432,000	(785,000)
Loss from continuing operations	(45,513,000)	(5,973,000)
Adjustments to reconcile net loss from continuing operations to net cash flows from operating activities:
Depreciation and amortization	37,934,000	23,631,000
Impairment of goodwill and intangibles	24,613,000	0
Losses (gains) on sale of property, plant and equipment	(579,000)	2,931,000
Deferred income taxes	(14,410,000)	4,824,000
Stock and deferred compensation plans	8,393,000	3,376,000
Pension expense, net of payments	10,065,000	3,759,000
Other changes in certain working capital accounts, net	(46,091,000)	15,748,000
Miscellaneous, net	2,788,000	(1,384,000)
Net cash (used in) provided by continuing operating activities	(21,642,000)	41,050,000
Net cash provided by discontinued operating activities	6,861,000	29,984,000
Net operating activities	(14,781,000)	71,034,000
Cash Flows from Investing Activities:
Acquisitions, net of cash acquired	(46,838,000)	(149,334,000)
Proceeds from sale of property, plant and equipment	15,000	6,318,000
Additions to property, plant and equipment	(15,244,000)	(11,908,000)
Purchase of investments	(7,087,000)	(2,003,000)
Change in restricted cash	250,000	1,400,000
Miscellaneous, net	0	389,000
Net cash used in continuing investing activities	(68,904,000)	(155,138,000)
Net cash used in discontinued investing activities	(1,561,000)	(1,330,000)
Net investing activities	(70,465,000)	(156,468,000)
Cash Flows from Financing Activities:
Proceeds from issuance of long-term debt	200,000,000	0
Payments on long-term debt	(121,269,000)	(1,500,000)
Payments of financing costs	(2,592,000)	(483,000)
Dividends paid	(59,523,000)	0
Repurchase of Class A Common shares	(10,901,000)	(21,237,000)
Proceeds from employee stock options	6,041,000	13,175,000
Tax payments related to shares withheld for RSU vesting	(5,126,000)	(4,035,000)
Miscellaneous, net	1,499,000	2,628,000
Net cash provided by (used in) continuing financing activities	8,129,000	(11,452,000)
Net cash provided by (used in) discontinued financing activities	0	0
Net financing activities	8,129,000	(11,452,000)
Decrease in cash and cash equivalents	(77,117,000)	(96,886,000)
Cash and cash equivalents:
Beginning of year	158,459,000	221,255,000
End of period	81,342,000	124,369,000
Supplemental Cash Flow Disclosures
Interest paid	9,353,000	5,511,000
Income taxes paid	$ 14,709,000	$ 397,000

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Condensed Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands	Sep. 30, 2015	Dec. 31, 2014
Allowances for accounts and notes receivable	$ 1,657	$ 1,390
Preferred stock, par value (USD per share)	$ 0.01	$ 0.01
Preferred stock, shares authorized	25,000,000	25,000,000
Preferred stock, shares outstanding	0	0
Common stock, par value (USD per share)	$ 0.01	$ 0.01
Common stock, Class A
Common stock, shares authorized	240,000,000	240,000,000
Common stock, shares issued	71,937,143	45,062,522
Common stock, shares outstanding	71,937,143	45,062,522
Voting common stock
Common stock, shares authorized	60,000,000	60,000,000
Common stock, shares issued	11,932,722	11,932,722
Common stock, shares outstanding	11,932,722	11,932,722

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Long-Term Debt

9 Months Ended

Sep. 30, 2015

Debt Disclosure [Abstract]

Long-Term Debt

Long-Term Debt

Long-term debt consisted of the following:

(in thousands)	As of   September 30,   2015		As of   December 31,   2014
Variable rate credit facility	$	—	$	—
Term loan	395,500		198,000
Unsecured subordinated notes payable	8,104		—
Long-term debt	403,604		198,000
Current portion of long-term debt	6,792		2,000
Long-term debt (less current portion)	$	396,812	$	196,000
Fair value of long-term debt *	$	400,800	$	194,000

* Fair value of the term loan was estimated based on quoted private market transactions and is classified as Level 1 in the fair value hierarchy. The fair value of the unsecured promissory notes is determined based on a discounted cash flow analysis using current market interest rates of comparable instruments and is classified as a Level 2 in the fair value hierarchy.

Financing Agreement

On April 1, 2015, we entered into a $500 million second amended revolving credit and term loan agreement ("Second Amended Financing Agreement") to amend the terms of our existing revolving credit and term loan agreement ("Amended Financing Agreement"), to add an incremental $200 million term loan B borrowing and to increase the line of credit by $25 million. The proceeds from the incremental term loan B borrowing were used to pay off the $116 million Journal term loan assumed in connection with the Journal acquisition, fund the $60 million special dividend paid to the Scripps shareholders and for the payment of transaction expenses. The $400 million term loan B matures in November 2020 and the $100 million revolving credit facility matures in November 2018.

The Second Amended Financing Agreement includes the maintenance of a net leverage ratio if we borrow more than 20% on the revolving credit facility. The term loan B requires that if we borrow additional amounts or make a permitted acquisition that we cannot exceed a stated net leverage ratio on a pro forma basis at the date of the transaction.

The Second Amended Financing Agreement allows us to make restricted payments (dividends and share repurchases) up to $70 million plus additional amounts based on our financial results and condition. We can also make additional stock repurchases equal to the amount of proceeds that we receive from the exercise of stock options held by our employees. Additionally, we can make acquisitions as long as the pro forma net leverage ratio is less than 4.5 to 1.0 of assets.

The Second Amended Financing Agreement in certain circumstances requires that we must use a portion of excess cash flow, and the proceeds from the sale, to repay debt. As of September 30, 2015, we were not required to make additional principal payments based on excess cash flow. Under an amendment completed in the third quarter of 2015, any proceeds, up to a stipulated amount, that we receive from the upcoming FCC spectrum auction, should we choose to participate and our bid is accepted, will not be required to be used to pay down the term loan.

Under the terms of the Second Amended Financing Agreement, we granted the lenders mortgages on certain of our real property, pledges of our equity interests in our subsidiaries and security interests in substantially all other personal property including cash, accounts receivables, and equipment.

Interest is payable on the term loan B at rates based on LIBOR with a 0.75% floor, plus a fixed margin of 2.75%. Interest is payable on the revolving credit facility at rates based on LIBOR plus a margin based on our leverage ratio ranging from 2.25% to 2.75%. As of September 30, 2015 and December 31, 2014, the interest rate was 3.50% and 3.25%, respectively, on the term loan B. The weighted-average interest rate on borrowings was 3.42% and 3.25% for the nine months ended September 30,2015 and 2014, respectively.

Scheduled principal payments on the term loan at September 30, 2015 are: $1.0 million for the remainder of 2015, $4.0 million in 2016, $4.0 million in 2017, $4.0 million in 2018, $4.0 million in 2019 and $378.5 million in 2020.

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.

As of September 30, 2015 and December 31, 2014, we had outstanding letters of credit totaling $0.8 million and $0.2 million, respectively.

Unsecured Subordinated Notes Payable

The unsecured subordinated promissory notes bear interest at a rate of 7.25% per annum payable quarterly. The notes are payable in equal annual installments of $2.7 million on September 30 of 2016, 2017 and 2018, with no prepayment right.

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Document and Entity Information	9 Months Ended
	Sep. 30, 2015 shares
Document Information [Line Items]
Entity Registrant Name	E.W. SCRIPPS Co
Entity Central Index Key	0000832428
Current Fiscal Year End Date	--12-31
Entity Filer Category	Accelerated Filer
Document Type	10-Q
Document Period End Date	Sep. 30, 2015
Document Fiscal Year Focus	2015
Document Fiscal Period Focus	Q3
Amendment Flag	false
Common stock, Class A
Document Information [Line Items]
Entity Common Stock, Shares Outstanding	71,937,143
Voting common stock
Document Information [Line Items]
Entity Common Stock, Shares Outstanding	11,932,722

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Financial Instruments

9 Months Ended

Sep. 30, 2015

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Financial Instruments

Financial Instruments

We are exposed to various market risks, including changes in interest rates. To manage risks associated with the volatility of changes in interest rates, we may enter into interest rate management instruments.

We may utilize interest rate swaps to manage our interest expense exposure by fixing our interest rate on portions of our floating rate term loan. We have entered into a $75 million notional value interest rate swap expiring in December 2016. Under the terms of the swap, we pay a fixed interest rate of 1.08% and receive interest at a variable rate equal to 30 day LIBOR. We did not provide or receive any collateral for this contract.

Fair Value of Derivative Instruments

The notional amounts and fair values of derivative instruments are shown in the table below:

	As of September 30, 2015						As of December 31, 2014
	Notional amount		Fair value				Notional amount		Fair value
(in thousands)			Asset		Liability (1)				Asset		Liability (1)
Undesignated derivatives:
Interest rate swap	$	75,000	$	—	$	596	$	75,000	$	—	$	471

⁽¹⁾ Balance recorded as other liabilities in Condensed Consolidated Balance Sheets

Through November 2013, the above derivative instrument was designated as and qualified as a cash flow hedge and the effective portion of the unrealized gains and losses on the derivative was reported as a component of accumulated other comprehensive loss and reclassified into earnings in the periods during which the hedged transactions affected earnings. Upon refinancing our term loan in November 2013, this hedge no longer qualified as a cash flow hedge and gains and losses on the derivative are recorded in current period earnings. The balance in accumulated other comprehensive loss at the date of discontinuance of hedge accounting is being amortized into earnings on a straight-line basis through December 2016. For the period ended September 30, 2015, approximately $0.3 million was amortized into earnings from accumulated other comprehensive loss and is included in the table below as amounts reclassified from accumulated OCL, gain/(loss).

	Three Months Ended   September 30,			Nine Months Ended   September 30,
(in thousands)	2015		2014	2015		2014
Amounts reclassified from accumulated OCL, gain/(loss)	96		96	288		288
Gain/(loss) on derivative	(15	)	362	(125	)	300

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Condensed Consolidated Statements of Operations (Unaudited) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Operating Revenues:
Advertising	$ 144,983	$ 103,700	$ 389,088	$ 292,472
Retransmission	36,287	15,235	100,700	40,409
Other	8,421	4,191	21,060	15,245
Total operating revenues	189,691	123,126	510,848	348,126
Costs and Expenses:
Employee compensation and benefits	88,296	64,713	247,776	189,294
Programs and program licenses	36,791	16,181	88,837	42,951
Other expenses	41,693	26,431	115,037	84,670
Defined benefit pension plan expense	2,976	1,613	9,782	4,253
Acquisition and related integration costs	4,206	2,783	36,953	6,984
Total costs and expenses	173,962	111,721	498,385	328,152
Depreciation, Amortization, and Losses (Gains):
Depreciation	11,092	6,528	25,883	17,846
Amortization of intangible assets	5,181	2,178	12,051	5,785
Impairment of goodwill and intangibles	24,613	0	24,613	0
Losses (gains), net on disposal of property, plant and equipment	200	(2,979)	579	(2,931)
Net depreciation, amortization, and losses (gains)	41,086	5,727	63,126	20,700
Operating (loss) income	(25,357)	5,678	(50,663)	(726)
Interest expense	(4,246)	(2,050)	(10,523)	(6,345)
Miscellaneous, net	1,061	170	12	(210)
(Loss) income from continuing operations before income taxes	(28,542)	3,798	(61,174)	(7,281)
(Benefit) provision for income taxes	(4,099)	2,755	(15,661)	(1,308)
Net (loss) income from continuing operations	(24,443)	1,043	(45,513)	(5,973)
Net (loss) income from discontinued operations, net of tax	0	(2,384)	(15,432)	785
Net loss	$ (24,443)	$ (1,341)	$ (60,945)	$ (5,188)
Net (loss) income per basic share of common stock:
(Loss) income from continuing operations (in dollars per share)	$ (0.29)	$ 0.02	$ (0.61)	$ (0.10)
(Loss) income from discontinued operations (in dollars per share)	0.00	(0.04)	(0.21)	0.01
Net loss per basic share of common stock (in dollars per share)	(0.29)	(0.02)	(0.82)	(0.09)
Net (loss) income per diluted share of common stock:
(Loss) income from continuing operations (in dollars per share)	(0.29)	0.02	(0.61)	(0.10)
(Loss) income from discontinued operations (in dollars per share)	0.00	(0.04)	(0.21)	0.01
Net loss per diluted share of common stock (in dollars per share)	$ (0.29)	$ (0.02)	$ (0.82)	$ (0.09)

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Acquisitions

9 Months Ended

Sep. 30, 2015

Business Combinations [Abstract]

Acquisitions

Acquisitions

Midroll Media

On July 22, 2015, we acquired Midroll Media, a Los Angeles-based company that creates original podcasts and operates a network that generates advertising revenue for more than 200 shows, including “StartUp” and “Nerdist.” The purchase price was $50 million in cash, plus a $10 million earnout payable over three years. We have estimated the fair value of the earnout to be $5 million.

Pending the finalization of third-party valuations and other items, the following table summarizes the preliminary fair values of the assets acquired and the liabilities assumed:

(in thousands)
Assets:
Cash	$	632
Accounts receivable	2,925
Other assets	518
Intangible assets	10,700
Goodwill	43,176
Total assets acquired	57,951
Current liabilities	3,365
Net purchase price	$	54,586

Of the $11 million allocated to intangible assets, $7 million was allocated to advertiser relationships with an estimated amortization period of 5 years and the balance of $4 million was allocated to various other intangible assets.

The goodwill of $43 million arising from the transaction consists largely of the benefit we will derive from being able to enter the podcast market with an established business. We allocated the goodwill to our digital segment. We treated the transaction as an asset acquisition for income tax purposes with a step-up in the assets acquired. The goodwill is deductible for income tax purposes.

Journal Communications Broadcast Group

On April 1, 2015, we acquired the broadcast group owned by Journal Communications, Inc. ("Journal") as part of the transactions described in Note 17. The businesses acquired include 12 television stations and 34 radio stations. We issued 26.4 million Class A common shares to the Journal shareholders in exchange for their interest in Journal resulting in a purchase price of $636 million. The fair value of the shares issued was determined on the basis of the closing market price of our Class A common shares shares on April 1, 2015, the acquisition date.

Pending the finalization of third-party valuations and other items, the following table summarizes the preliminary fair values of the assets acquired and the liabilities assumed:

(in thousands)
Assets:
Cash	$	2,530
Accounts receivable	47,977
Other current assets	2,236
Property, plant and equipment	123,264
Intangible assets	295,000
Goodwill	459,405
Other long-term assets	6,351
Assets held for sale	14,500
Total assets acquired	951,263
Accounts payable and accrued liabilities	43,262
Employee benefit obligations	85,261
Deferred tax liability	55,054
Long-term debt	126,873
Other long-term liabilities	4,813
Net purchase price	$	636,000

During the third quarter of 2015, we recorded measurement period adjustments to the preliminary purchase price allocation, including an increase to the deferred tax liability of $12.2 million with a corresponding increase in goodwill.

Of the $295 million allocated to intangible assets, $112 million was for FCC licenses which we determined to have an indefinite life and, therefore, are not amortized. The remaining balance of $183 million was allocated to television network affiliation relationships and advertiser relationships with estimated amortization periods of 10 to 20 years.

The goodwill of $459 million arising from the transaction consists largely of synergies and economies of scale and other benefits of a larger broadcast footprint. The goodwill will be allocated to our television, radio and digital segments once the final allocation is completed. We treated the transaction as a stock acquisition for income tax purposes resulting in no step-up in the assets acquired. The goodwill is not deductible for income tax purposes.

Concurrent with the acquisition of the Journal television stations, due to FCC conflict ownership rules, Journal was required to dispose of KNIN, the Fox affiliate located in Boise, ID. The station was placed in a divestiture trust for our benefit and was sold to Raycom Media, Inc. on October 1, 2015 for $14.5 million. The sale did not result in a gain or loss. The assets of this station are classified as held for sale in our balance sheet at September 30, 2015.

Granite Broadcasting

On June 16, 2014, we closed our acquisition of two television stations owned by Granite Broadcasting Corporation — the Detroit MyNetworkTV affiliate WMYD-TV and the Buffalo, N.Y. ABC affiliate WKBW-TV ("Acquired Granite Stations") — for $110 million in cash. The acquisition of WMYD-TV created a duopoly with our Detroit ABC affiliate WXYZ-TV.

We finalized the determination of fair values of the assets acquired and the liabilities assumed in the fourth quarter of 2014. There were no material changes in the fair values of the assets acquired and the liabilities assumed from the preliminary amounts. The following table summarizes their final fair values.

(in thousands)
Assets:
Property, plant and equipment	$	12,025
Intangible assets	53,500
Goodwill	44,715
Total assets acquired	110,240
Current liabilities	240
Net purchase price	$	110,000

Of the $54 million allocated to intangible assets, $34 million was for FCC licenses which we determined to have an indefinite life and, therefore, are not amortized. The remaining balance of $19 million was allocated to television network affiliation relationships and advertiser relationships with estimated amortization periods of 10 to 20 years.

The goodwill of $45 million arising from the transaction consists largely of synergies and economies of scale and other benefits of a larger broadcast footprint, as well as synergies from being able to create a duopoly in our Detroit market. We allocated the goodwill to our television segment. We treated the transaction as an asset acquisition for income tax purposes resulting in a step-up in the assets acquired. The goodwill is deductible for income tax purposes.

Media Convergence Group

On January 1, 2014 we completed our acquisition of Media Convergence Group, Inc., which operates as Newsy, a digital video news provider, for $35 million in cash, plus a working capital adjustment of $0.2 million.

We finalized the determination of fair values of the assets acquired and the liabilities assumed in the fourth quarter of 2014. There were no material changes in the fair values of the assets acquired and the liabilities assumed from the preliminary amounts. The following table summarizes their final fair values.

(in thousands)
Assets:
Accounts receivable	$	640
Other assets	74
Equipment and software	631
Intangible assets	5,900
Goodwill	28,983
Total assets acquired	36,228
Current liabilities	116
Long-term deferred liability	890
Net purchase price	$	35,222

Of the $6 million allocated to intangible assets, $4 million was allocated to customer relationships with an estimated amortization period of 5 years and the balance of $2 million was allocated to various other intangible assets.

The goodwill of $29 million arising from the transaction consists largely of the benefit we will derive from being able to enter the digital video market with an established business. We allocated the goodwill to our digital segment. We treated the transaction as a purchase of stock for income tax purposes with no step-up in the assets acquired. The goodwill is not deductible for income tax purposes.

Geoterrestrial

On September 16, 2014, we completed our acquisition of Geoterrestrial, Inc. ("WeatherSphere") for $4 million. WeatherSphere is a provider of weather-related mobile apps. The stock purchase agreement includes an earnout provision, whereby up to an additional $2.5 million may be payable over a three year period. We estimated the fair value of the earnout to be $1.2 million.

Pro forma results of operations

Pro forma results of operations, assuming the Granite and Journal transactions (collectively the "Acquired Stations") had taken place at the beginning of 2013 and 2014, respectively, are included in the following table. The pro forma results do not include Midroll, Newsy or Weathersphere as the impact of these acquisitions, individually or in the aggregate, are not material to prior year results of operations. The pro forma information includes the historical results of operations of Scripps and the Acquired Stations and adjustments for additional depreciation and amortization of the assets acquired, additional interest expense related to the financing of the transaction and reflecting the transaction costs incurred in 2015 as if they were incurred in the first quarter of 2014. The weighted average shares utilized in calculating the earnings per share assumes that the shares issued to the Journal shareholders were issued on January 1, 2014. The pro forma information does not include efficiencies, cost reductions or synergies expected to result from the acquisition. The unaudited pro forma financial information is not necessarily indicative of the results that actually would have occurred had the acquisition been completed at the beginning of the period.

	Three Months Ended   September 30,					Nine Months Ended   September 30,
(in thousands, except per share data) (unaudited)	2015			2014		2015			2014
Operating revenues	$	189,691		$	192,621	$	573,310		$	560,097
(Loss) income from continuing operations attributable to the shareholders of The E.W. Scripps Company	(23,606		)	6,093		(17,028		)	(18,586		)
(Loss) income per share from operations attributable to the shareholders of The E.W. Scripps Company:
Basic	$	(0.27	)	0.07		$	(0.19	)	(0.23		)
Diluted	(0.27		)	0.07		(0.19		)	(0.23		)

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Recently Adopted Standards and Issued Accounting Standards (Notes)

9 Months Ended

Sep. 30, 2015

Accounting Policies [Abstract]

Recently Adopted Standards and Issued Accounting Standards

Recently Adopted Standards and Issued Accounting Standards

Recently Issued Accounting Standards — In April 2015, the Financial Accounting Standards Board (FASB) issued new guidance for the presentation of debt issuance costs in the financial statements. Under this new guidance, debt issuance costs (except for lines of credit) are classified in the balance sheet as a direct deduction from the related debt liability rather than as an asset. Additionally, amortization of these costs must be classified as interest expense. The guidance is effective for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2015. Early adoption is permitted. Adoption of this standard will result in us netting deferred loan costs, which as of September 30, 2015 totaled $3.5 million, against long-term debt. Reported interest expense will not be affected.

In August 2014, the FASB issued new guidance related to the disclosures around consideration of going concern. The new standard provides guidance around management's responsibility to evaluate whether there is substantial doubt about an entity's ability to continue as a going concern and to provide related footnote disclosures. The new standard is effective for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2015. Early adoption is permitted. The adoption of this standard is not expected to have a material impact on our consolidated financial statements.

In May 2014, the FASB issued new guidance on revenue recognition. Under this new standard, an entity shall recognize revenue when it transfers promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. The standard creates a five-step process that requires entities to exercise judgment when considering the terms of the contract(s) and all relevant facts and circumstances. This standard permits the use of either the retrospective or cumulative effect transition method and will be effective for us beginning in 2018. Early adoption is permitted in 2017. We are currently assessing the impact this new guidance will have on our consolidated financial statements and have not yet determined a transition method.

Recently Adopted Accounting Standards — In April 2014, the FASB issued new guidance on reporting and disclosure requirements related to discontinued operations. With the new guidance, a disposal of a component or group of components of an entity is required to be reported in discontinued operations if the disposal represents a strategic shift that has or will have a major effect on an entity's operations and financial results. We adopted this guidance effective January 1, 2015.

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Segment Information

9 Months Ended

Sep. 30, 2015

Segment Reporting [Abstract]

Segment Information

Segment Information

We determine our business segments based upon our management and internal reporting structures. Our reportable segments are strategic businesses that offer different products and services.

Our television segment includes 15 ABC affiliates, five NBC affiliates, two FOX affiliates, two CBS affiliates and four non big-four affiliated stations. We also own five Azteca America affiliates. Our television stations reach approximately 18% of the nation’s television households. Our television stations earn revenue primarily from the sale of advertising time to local and national advertisers and retransmission fees received from cable operators and satellite carriers.

Our radio segment consists of 34 radio stations in eight markets. We operate 28 FM stations and six AM stations. Our radio stations earn revenue primarily from the sale of advertising to local advertisers.

Our digital segment includes the digital operations of our local television and radio businesses. It also includes the operations of national digital businesses such as Newsy, a digital video news service, and Midroll, a podcast industry leader. Our digital operations earn revenue primarily through the sale of advertising and marketing services.

Syndication and other primarily includes the syndication of news features and comics and other features for the newspaper industry.

We allocate a portion of certain corporate costs and expenses, including information technology, certain employee benefits and other shared services, to our business segments. The allocations are generally amounts agreed upon by management, which may differ from an arms-length amount. Corporate assets are primarily cash and cash equivalents, restricted cash, property and equipment primarily used for corporate purposes, and deferred income taxes.

Our chief operating decision maker evaluates the operating performance of our business segments and makes decisions about the allocation of resources to our business segments using a measure called segment profit. Segment profit excludes interest, defined benefit pension plan expense, 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.

Effective April 1, 2015, we began reporting our digital operations as a segment. We have recast the operating results for television, syndication and other, and shared services and corporate in prior periods to reflect this change.

Information regarding our business segments is as follows:

	Three Months Ended   September 30,						Nine Months Ended   September 30,
(in thousands)	2015			2014			2015			2014
Segment operating revenues:
Television	$	157,437		$	116,425		$	439,049		$	325,511
Radio	20,421			—			39,834			—
Digital	10,861			5,355			25,698			16,036
Syndication and other	972			1,346			6,267			6,579
Total operating revenues	$	189,691		$	123,126		$	510,848		$	348,126
Segment profit (loss):
Television	$	31,707		$	30,508		$	98,357		$	80,344
Radio	4,073			—			8,981			—
Digital	(3,639		)	(6,206		)	(13,210		)	(17,477		)
Syndication and other	(572		)	(674		)	(1,229		)	(1,230		)
Shared services and corporate	(8,658		)	(7,827		)	(33,701		)	(30,426		)
Defined benefit pension plan expense	(2,976		)	(1,613		)	(9,782		)	(4,253		)
Acquisition and related integration costs	(4,206		)	(2,783		)	(36,953		)	(6,984		)
Depreciation and amortization of intangibles	(16,273		)	(8,706		)	(37,934		)	(23,631		)
Impairment of goodwill and intangibles	(24,613		)	—			(24,613		)	—
(Losses) gains, net on disposal of property, plant and equipment	(200		)	2,979			(579		)	2,931
Interest expense	(4,246		)	(2,050		)	(10,523		)	(6,345		)
Miscellaneous, net	1,061			170			12			(210		)
(Loss) income from continuing operations before income taxes	$	(28,542	)	$	3,798		$	(61,174	)	$	(7,281	)
Depreciation:
Television	$	9,765		$	5,894		$	22,389		$	16,033
Radio	554			—			1,103			—
Digital	132			96			394			275
Syndication and other	66			40			195			80
Shared services and corporate	575			498			1,802			1,458
Total depreciation	$	11,092		$	6,528		$	25,883		$	17,846
Amortization of intangibles:
Television	$	4,262		$	1,909		$	10,412		$	5,108
Radio	280			—			560			—
Digital	639			269			1,079			677
Total amortization of intangibles	$	5,181		$	2,178		$	12,051		$	5,785
Additions to property, plant and equipment:
Television	$	5,607		$	4,100		$	13,350		$	10,540
Radio	623			—			639			—
Digital	46			46			46			108
Syndication and other	7			256			76			324
Shared services and corporate	190			253			1,133			979
Total additions to property, plant and equipment	$	6,473		$	4,655		$	15,244		$	11,951

No single customer provides more than 10% of our revenue.

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Fair Value Measurement

9 Months Ended

Sep. 30, 2015

Fair Value Disclosures [Abstract]

Fair Value Measurement

Fair Value Measurement

We measure certain financial assets and liabilities at fair value on a recurring basis, such as cash equivalents and derivatives. The fair values of these financial assets and liabilities 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 and liabilities that are measured at fair value on a recurring basis at September 30, 2015 and December 31, 2014:

	As of September 30, 2015
(in thousands)	Total			Level 1		Level 2			Level 3
Assets/(Liabilities):
Cash equivalents	$	5,043		$	5,043	$	—		$	—
Interest rate swap	(596		)	—		(596		)	—

	As of December 31, 2014
(in thousands)	Total			Level 1		Level 2			Level 3
Assets/(Liabilities):
Cash equivalents	$	10,000		$	10,000	$	—		$	—
Interest rate swap	(471		)	—		(471		)	—

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Restricted Cash

9 Months Ended

Sep. 30, 2015

Cash and Cash Equivalents [Abstract]

Restricted Cash

Restricted Cash

At September 30, 2015 and December 31, 2014, we had $6.6 million and $6.8 million, respectively, in a restricted cash account on deposit with our insurance carrier. This account serves as collateral, in place of an irrevocable stand-by letter of credit, to provide financial assurance that we will fulfill our obligations with respect to cash requirements associated with our workers compensation self-insurance. This cash is to remain on deposit with the carrier until all claims have been paid or we provide a letter of credit in lieu of the cash deposit.

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Employee Benefit Plans - Components of Expense (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Defined Benefit Plan, Net Periodic Benefit Cost [Abstract]
Net periodic benefit cost	$ 5,113	$ 4,189	$ 17,803	$ 17,484
Allocated to discontinued operations	0	(1,178)	(1,096)	(7,819)
Net periodic benefit cost — continuing operations	5,113	3,011	16,707	9,665
Defined contribution plans
Defined Benefit Plan, Net Periodic Benefit Cost [Abstract]
Net periodic benefit cost	2,094	2,419	7,805	8,635
Withdrawal from GCIU multi-employer plan
Defined Benefit Plan, Net Periodic Benefit Cost [Abstract]
Net periodic benefit cost	0	0	0	4,100
Multi-employer plans
Defined Benefit Plan, Net Periodic Benefit Cost [Abstract]
Net periodic benefit cost	43	100	140	324
Defined benefit plans
Defined Benefit Plan, Net Periodic Benefit Cost [Abstract]
Service cost	0	21	0	64
Interest cost	8,169	6,600	22,797	19,155
Expected return on plan assets, net of expenses	(6,625)	(5,893)	(18,334)	(17,611)
Amortization of actuarial loss	1,179	862	3,515	2,145
Curtailment	0	0	1,080	0
Total for defined benefit plans	2,723	1,590	9,058	3,753
SERP
Defined Benefit Plan, Net Periodic Benefit Cost [Abstract]
Net periodic benefit cost	$ 253	$ 80	$ 800	$ 672

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Income Taxes

9 Months Ended

Sep. 30, 2015

Income Tax Disclosure [Abstract]

Income Taxes

Income Taxes

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

The income tax provision for interim periods is generally determined based upon the expected effective income tax rate for the full year and the tax rate applicable to certain discrete transactions in the interim period. To determine the annual effective income tax rate, we must estimate both the total income (loss) before income tax for the full year and the jurisdictions in which that income (loss) is subject to tax. The actual effective income tax rate for the full year may differ from these estimates if income (loss) before income tax is greater than or less than what was estimated or if the allocation of income (loss) to jurisdictions in which it is taxed is different from the estimated allocations. We review and adjust our estimated effective income tax rate for the full year each quarter based upon our most recent estimates of income (loss) before income tax for the full year and the jurisdictions in which we expect that income will be taxed.

The effective income tax rate for the nine months ended September 30,2015 and 2014 was 26% and 18%, respectively. The primary reason for the difference between these rates and the U.S. federal statutory rate of 35% is the impact of state taxes, non-deductible expenses (including a portion of transaction expense related to the Journal transactions) and adjustments to reserves for uncertain tax positions (including interest). In addition, the non-cash goodwill impairment charge in 2015 is not deductible for income tax purposes.

Deferred tax assets totaled $25 million at September 30, 2015. Management believes that it is more likely than not that we will realize the benefits of our federal deferred tax assets and therefore has not recorded a valuation allowance for our federal deferred tax assets. If economic conditions worsen, future estimates of taxable income could be lower than our current estimates which may require valuation allowances to be recorded in future reporting periods.

We recognize 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.

During the periods ended September 30, 2015 and 2014, deferred tax assets relating to employee share-based compensation from the vesting of RSU's and the exercise of stock options have not been recognized since we are in a net tax loss position for both periods. The additional tax benefits will be reflected as net operating loss carryforwards on our tax returns, but the additional tax benefits are not recorded under GAAP until the tax deduction reduces taxes payable. When the benefit is recognized, it will be recorded as additional paid-in capital. The amount of unrecognized tax deductions for the nine months ended September 30,2015 and 2014 was approximately $26 million and $31 million, respectively.

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Other Charges and Credits

9 Months Ended

Sep. 30, 2015

Asset Write-Downs and Other Charges and Credits [Abstract]

Other Charges and Credits

Other Charges and Credits

Acquisition and related integration costs of $4.2 million and $37.0 million for the three and nine months endedSeptember 30, 2015, respectively, include costs for spinning off our newspaper operations and costs associated with acquisitions, such as legal and accounting fees, as well as costs to integrate the acquired operations.

In the third quarter of 2015, we recorded a $24.6 million non-cash charge to reduce the carrying value of our goodwill and certain intangible assets of Newsy and a smaller business. See Note 7 for additional information.

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Goodwill and Other Intangible Assets

9 Months Ended

Sep. 30, 2015

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill and Other Intangible Assets

Goodwill and Other Intangible Assets

Goodwill was as follows:

(in thousands)
Balance as of December 31, 2014	$	106,261
Journal acquisition	459,405
Midroll acquisition	43,176
Goodwill impairment	(22,500		)
Balance as of September 30, 2015	$	586,342

Other intangible assets consisted of the following:

(in thousands)	As of   September 30,   2015			As of   December 31,   2014
Amortizable intangible assets:
Carrying amount:
Television network affiliation relationships	$	248,444		$	93,944
Customer lists and advertiser relationships	56,300			20,000
Other	7,319			4,019
Total carrying amount	312,063			117,963
Accumulated amortization:
Television network affiliation relationships	(21,483		)	(14,092		)
Customer lists and advertiser relationships	(13,895		)	(7,765		)
Other	(2,494		)	(1,062		)
Total accumulated amortization	(37,872		)	(22,919		)
Net amortizable intangible assets	274,191			95,044
Other indefinite-lived intangible assets — FCC licenses	203,815			92,215
Total other intangible assets	$	478,006		$	187,259

Estimated amortization expense of intangible assets for each of the next five years is $5.6 million for the remainder of 2015, $21.8 million in 2016, $19.4 million in 2017, $19.0 million in 2018, $17.5 million in 2019, $16.9 million in 2020, and $176.9 million in later years.

Goodwill and other indefinite-lived assets are tested for impairment annually and 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. Such indicators of impairment include, but are not limited to, changes in business climate or other factors resulting in low cash flow related to such assets. The testing for impairment is a two-step process. The first step is the estimation of the fair value of each of the reporting units, which is then compared to their carrying values. If the fair value is less than the carrying value of the reporting unit then an impairment of goodwill may exist. Step two is then performed to determine the amount of impairment.

Changes in the market for the distribution of video programming services, including the development of over-the-top distribution platforms such as Apple TV, Comcast Watchable, PlutoTV, Xumo, Roku and Sling, has resulted in the need for additional investment in our digital news service, Newsy. The additional investment, combined with the slower development of our original revenue model, created indications of impairment of goodwill as of September 30, 2015.

Under the two-step process required by GAAP, we estimated the fair value of Newsy. Fair values were determined using a combination of an income approach, which estimated fair value based upon future revenues, expenses and cash flows discounted to their present value, and a market approach, which estimated fair value using market multiples of various financial measures compared to a set of comparable public companies. The discounted cash flow approach utilized unobservable factors, such as projected revenues and expenses and a discount rate applied to the estimated cash flows. The determination of the discount rate was based on a cost of capital model, using a risk-free rate, adjusted by a stock-beta adjusted risk premium and a size premium. The inputs to the nonrecurring fair value determination of our reporting units are classified as Level 3 fair value measurements under GAAP.

The valuation methodology and underlying financial information used to determine fair value requires significant judgments to be made by management. These judgments include, but are not limited to, long-term projections of future financial performance and the selection of appropriate discount rates used to determine the present value of future cash flows. Changes in such estimates or the application of alternative assumptions could produce significantly different results.

We concluded that the fair value of Newsy did not exceed its carrying value as of September 30, 2015. Because of the timing and complexity of the calculations required under step two of the process, we have not yet completed the valuation of goodwill process as of the issuance of our September 30, 2015 financial statements. However, based upon our preliminary valuations, we recorded a $21 million non-cash charge in the three months ended September 30, 2015 to reduce the carrying value of goodwill and $2.9 million to reduce the value of intangible assets. We expect to complete step two of the goodwill impairment analysis in the fourth quarter of 2015 and any difference between the preliminary estimated impairment charge and the final amount will be recorded at that time.

We also recorded a $1.5 million goodwill impairment charge on a second small business.

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Capital Stock - Narrative (Details)	9 Months Ended
	Sep. 30, 2015 USD ($) director common_share $ / shares	Sep. 30, 2014 USD ($)	May. 31, 2014 USD ($)
Class of Stock [Line Items]
Classes of common shares | common_share	2
Minimum number of directors up for election to entitle shareholders to vote | director	3
Stock repurchased during period, value	$ 10,901,000	$ 21,237,000
Common stock, Class A
Class of Stock [Line Items]
Stock repurchase program, authorized amount			$ 100,000,000
Stock repurchased during period, value	10,900,000
Stock repurchase program, remaining authorized amount	$ 89,100,000
Common stock, Class A | Minimum
Class of Stock [Line Items]
Stock repurchased during period (in dollars per share) | $ / shares	$ 15.90
Common stock, Class A | Maximum
Class of Stock [Line Items]
Stock repurchased during period (in dollars per share) | $ / shares	$ 24.08

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Journal Broadcast Merger and Newspaper Spin-off Narrative (Details) employee in Thousands		3 Months Ended	9 Months Ended
	Apr. 01, 2015 USD ($) employee newspaper	Sep. 30, 2015 USD ($)	Sep. 30, 2015 USD ($)	Dec. 31, 2014 USD ($)
Business Acquisition [Line Items]
Outstanding debt		$ 403,604,000	$ 403,604,000	$ 198,000,000
Transition services agreement receivable, net		2,473,000	2,473,000	0
Incremental term loan
Business Acquisition [Line Items]
Outstanding debt		395,500,000	395,500,000	$ 198,000,000
Journal Communications, Inc.
Business Acquisition [Line Items]
Proceeds from services provided to merger partner		2,500,000
Payments for services performed by merger partner		$ 900,000
Spin-off
Business Acquisition [Line Items]
Special cash dividend	$ 60,000,000
Spin-off | Journal Communications, Inc.
Business Acquisition [Line Items]
Impairment of long-lived assets, held-and-used			$ 0
Impairment of long-lived assets, held-for-sale	$ 30,000,000
Spin-off | Television operations | Journal Communications, Inc.
Business Acquisition [Line Items]
Approximate number of employees | employee	4
Television operations, percentage of U.S. households reached	18.00%
Spin-off | Newspaper operations | Parent company
Business Acquisition [Line Items]
Number of newspapers | newspaper	13

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Segment Information - Schedule of Business Segments (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Information regarding business segments
Total operating revenues	$ 189,691	$ 123,126	$ 510,848	$ 348,126
Defined benefit pension plan expense	(2,976)	(1,613)	(9,782)	(4,253)
Acquisition and related integration costs	(4,206)	(2,783)	(36,953)	(6,984)
Depreciation and amortization of intangibles	(16,273)	(8,706)	(37,934)	(23,631)
Impairment of goodwill and intangibles	(24,613)	0	(24,613)	0
(Losses) gains, net on disposal of property, plant and equipment	(200)	2,979	(579)	2,931
Interest expense	(4,246)	(2,050)	(10,523)	(6,345)
Miscellaneous, net	1,061	170	12	(210)
(Loss) income from continuing operations before income taxes	(28,542)	3,798	(61,174)	(7,281)
Depreciation:
Total depreciation	11,092	6,528	25,883	17,846
Amortization of intangibles:
Total amortization of intangibles	5,181	2,178	12,051	5,785
Additions to property, plant and equipment:
Total additions to property, plant and equipment	6,473	4,655	15,244	11,951
Television
Information regarding business segments
Total operating revenues	157,437	116,425	439,049	325,511
Segment profit (loss)	31,707	30,508	98,357	80,344
Depreciation:
Total depreciation	9,765	5,894	22,389	16,033
Amortization of intangibles:
Total amortization of intangibles	4,262	1,909	10,412	5,108
Additions to property, plant and equipment:
Total additions to property, plant and equipment	5,607	4,100	13,350	10,540
Radio
Information regarding business segments
Total operating revenues	20,421	0	39,834	0
Segment profit (loss)	4,073	0	8,981	0
Depreciation:
Total depreciation	554	0	1,103	0
Amortization of intangibles:
Total amortization of intangibles	280	0	560	0
Additions to property, plant and equipment:
Total additions to property, plant and equipment	623	0	639	0
Digital
Information regarding business segments
Total operating revenues	10,861	5,355	25,698	16,036
Segment profit (loss)	(3,639)	(6,206)	(13,210)	(17,477)
Depreciation:
Total depreciation	132	96	394	275
Amortization of intangibles:
Total amortization of intangibles	639	269	1,079	677
Additions to property, plant and equipment:
Total additions to property, plant and equipment	46	46	46	108
Syndication and other
Information regarding business segments
Total operating revenues	972	1,346	6,267	6,579
Segment profit (loss)	(572)	(674)	(1,229)	(1,230)
Depreciation:
Total depreciation	66	40	195	80
Additions to property, plant and equipment:
Total additions to property, plant and equipment	7	256	76	324
Shared services and corporate
Information regarding business segments
Segment profit (loss)	(8,658)	(7,827)	(33,701)	(30,426)
Depreciation:
Total depreciation	575	498	1,802	1,458
Additions to property, plant and equipment:
Total additions to property, plant and equipment	$ 190	$ 253	$ 1,133	$ 979

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Other Liabilities (Tables)

9 Months Ended

Sep. 30, 2015

Other Liabilities Disclosure [Abstract]

Other liabilities

Other liabilities consisted of the following:

(in thousands)	As of   September 30,   2015		As of   December 31,   2014
Employee compensation and benefits	$	16,844	$	15,914
Liability for pension benefits	230,967		136,429
Liabilities for uncertain tax positions	7,667		6,741
Other	22,261		10,087
Other liabilities (less current portion)	$	277,739	$	169,171

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Goodwill and Other Intangible Assets - Narrative (Details) $ in Thousands	3 Months Ended	9 Months Ended
	Sep. 30, 2015 USD ($)	Sep. 30, 2015 USD ($)
Goodwill and Intangible Assets Disclosure [Abstract]
Estimated amortization expense of intangible assets for the remainder of 2015	$ 5,600	$ 5,600
Estimated amortization expense of intangible assets for 2016	21,800	21,800
Estimated amortization expense of intangible assets for 2017	19,400	19,400
Estimated amortization expense of intangible assets for 2018	19,000	19,000
Estimated amortization expense of intangible assets for 2019	17,500	17,500
Estimated amortization expense of intangible assets for 2020	16,900	16,900
Estimated amortization expense of intangible assets for later years	176,900	176,900
Goodwill [Line Items]
Impairment of goodwill		$ 22,500
Media Convergence Group (Newsy)
Goodwill [Line Items]
Impairment of goodwill	21,000
Impairment of Intangible Assets (Excluding Goodwill)	2,900
Other small business
Goodwill [Line Items]
Impairment of goodwill	$ 1,500

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Supplemental Cash Flow Information

9 Months Ended

Sep. 30, 2015

Supplemental Cash Flow Elements [Abstract]

Supplemental Cash Flow Information

Supplemental Cash Flow Information

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

	Nine Months Ended   September 30,
(in thousands)	2015			2014
Other changes in certain working capital accounts, net
Accounts and notes receivable	$	(14,461	)	$	3,197
Transition services receivable, net	(2,473		)	—
Income taxes receivable/payable, net	(14,450		)	(5,764		)
Accounts payable	(11,303		)	1,522
Accrued employee compensation and benefits	2,059			7,611
Other accrued liabilities	(1,649		)	4,550
Other, net	(3,814		)	4,632
Total	$	(46,091	)	$	15,748

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Journal Broadcast Merger and Newspaper Spin-off (Notes)

9 Months Ended

Sep. 30, 2015

Spin-off

Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]

Journal Broadcast Merger and Newspaper Spin-off

Journal Broadcast Merger and Newspaper Spin-off (Discontinued Operations)

On July 30, 2014, Scripps and Journal Communications, Inc. ("Journal") agreed to merge their broadcast operations and spin-off their newspaper businesses and combine them into a separate publicly traded company. On April 1, 2015, Scripps and Journal separated their respective newspaper businesses and merged them, resulting in each becoming a wholly owned subsidiary of Journal Media Group, Inc. Journal Media Group is headquartered in Milwaukee and combines the 13 Scripps newspapers with Journal's Milwaukee Journal Sentinel.

Immediately following the spin-off and merger of the newspaper businesses, the Journal broadcast operations and its related digital business, were merged into Scripps. The merged broadcast and digital media company, based in Cincinnati, retains The E.W. Scripps Company name and continues to be controlled by the Scripps family. The company’s television operations reaches approximately 18% of all U.S. television households and has approximately 4,000 employees across its television, radio and digital media operations.

As part of the transactions, Scripps' shareholders received a $60 million special cash dividend on April 1, 2015.

Certain agreements between Scripps and Journal Media Group, Inc. became effective in connection with the transactions, including Tax Matters Agreements and a Transition Services Agreement.

Under the Transition Services Agreement, Scripps and Journal Media Group provide certain services to each other for a period that generally does not extend beyond March 31, 2016. The fees for the services are at arm's length amounts. For the nine months ended September 30, 2015, we received $2.5 million for services provided to Journal Media Group and we paid Journal Media Group $0.9 million for services provided to us. Scripps continues to process and fund payrolls for its former newspaper employees and Journal continues to process and fund payrolls for its former broadcast employees. In addition, during the initial transition period, each has paid various invoices for the other party. As of September 30, 2015, Journal Media Group owed Scripps $2.5 million.

The Tax Matters Agreements sets forth the allocations and responsibilities of Scripps and Journal Media Group with respect to liabilities for federal, state and local income taxes for periods before and after the spin-off, disputes with taxing authorities and indemnification of income taxes that would become due if the spin-off were taxable. Generally, Scripps is responsible for taxes prior to the separation and Journal Media Group will be responsible for taxes for periods after the separation of their respective businesses.

Until the completion of the spin-off of our newspaper business, generally accepted accounting principles (“GAAP”) required us to assess impairment of the newspaper business long-lived assets using the held-and-used model. Under this model, if the expected cash flows over the life of the primary asset of the reporting unit are in excess of the carrying amount there is no impairment. Under this model no impairment charges were recorded at March 31, 2015. At the date of the spin-off of our newspaper business, GAAP required us to assess impairment using the held-for-sale model. This model compares the fair value of the disposal unit to its carrying value and if the fair value is lower, an impairment loss is recorded. Our analysis determined that the carrying value of the newspaper business exceeds its fair value. Discontinued operations includes a $30 million non-cash impairment charge.

As a result of the spin-off, Scripps Newspapers has been presented as discontinued operations in the financial statements for all periods presented.

Operating results of our discontinued operations were as follows:

	Three Months Ended   September 30,					Nine Months Ended   September 30,
(in thousands)	2015		2014			2015			2014
Operating revenues	$	—	$	84,474		$	91,478		$	275,214
Total costs and expenses	—		(80,655		)	(79,517		)	(253,257		)
Depreciation and amortization of intangibles	—		(4,517		)	(3,608		)	(12,958		)
Other, net	—		(2,709		)	(3,298		)	(7,549		)
Loss on disposal of Scripps Newspapers	—		—			(30,000		)	—
Income (loss) on discontinued operations before income taxes	—		(3,407		)	(24,945		)	1,450
Benefit (provision) for income taxes	—		920			9,513			(967		)
Net income (loss) from discontinued operations	—		(2,487		)	(15,432		)	483
Noncontrolling interest	—		(103		)	—			(302		)
Net income (loss) from discontinued operations	$	—	$	(2,384	)	$	(15,432	)	$	785

The Company incurred certain non-recurring costs directly related to the spin-off of our newspapers and acquisition of the Journal broadcast stations of $4 million and $40 million for the quarter and nine months ended September 30, 2015, respectively. Accounting and other professional and consulting fees directly related to the newspaper spin-off of $3 million were allocated to discontinued operations in the Condensed Consolidated Statements of Operations. The remaining amount of $37 million was recorded in earnings from continuing operations for the nine months ended September 30, 2015.

The following table presents a summary of the net assets distributed on April 1, 2015 and the amounts included in discontinued operations as of December 31, 2014.

(in thousands)	As of April 1, 2015		As of December 31, 2014
Assets:
Total current assets	$	44,786	$	46,507
Property, plant and equipment	155,047		185,548
Intangible assets	—		2,001
Other assets	14,590		2,018
Total assets included in the disposal group	214,423		236,074
Liabilities:
Total current liabilities	47,664		47,642
Deferred income taxes	16,520		16,666
Other liabilities	9,008		13,089
Total liabilities included in the disposal group	73,192		77,397
Net assets included in the disposal group	$	141,231	$	158,677

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Goodwill and Other Intangible Assets - Goodwill (Details) $ in Thousands	9 Months Ended
	Sep. 30, 2015 USD ($)
Goodwill [Roll Forward]
Goodwill, beginning balance	$ 106,261
Goodwill impairment	(22,500)
Goodwill, ending balance	586,342
Journal Communications, Inc.
Goodwill [Roll Forward]
Goodwill acquisition	459,405
Midroll Media
Goodwill [Roll Forward]
Goodwill acquisition	$ 43,176

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Summary of Significant Accounting Policies - Earnings Per Share (Details) - USD ($) shares in Thousands, $ in Thousands		3 Months Ended		9 Months Ended
		Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Accounting Policies [Abstract]
Loss from continuing operations		$ (24,443)	$ 1,043	$ (45,513)	$ (5,973)
Numerator (for basic and diluted earnings per share)
Less income allocated to RSUs		0	0	0	0
Numerator for basic and diluted earnings per share from continuing operations		$ (24,443)	$ 1,043	$ (45,513)	$ (5,973)
Denominator
Basic weighted-average shares outstanding		84,107	56,469	75,213	56,200
Effect of dilutive securities:
Stock options held by employees and directors		0	0	0	0
Diluted weighted-average shares outstanding		84,107	56,469	75,213	56,200
Anti-dilutive securities	[1]	2,148	3,313	2,148	3,313

[1] (1) Amount outstanding at balance sheet date, before application of the treasury stock method and not weighted for period outstanding

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Condensed Consolidated Statements of Comprehensive Loss - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Net loss	$ (24,443)	$ (1,341)	$ (60,945)	$ (5,188)
Changes in fair value of derivative, net of tax of $37, $37, $110 and $111	59	59	178	177
Changes in defined benefit pension plans, net of tax of $471, $364, $(740) and $924	762	441	(1,113)	1,329
Total comprehensive loss	$ (23,622)	$ (841)	$ (61,880)	$ (3,682)

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Summary of Significant Accounting Policies

9 Months Ended

Sep. 30, 2015

Accounting Policies [Abstract]

Summary of Significant Accounting Policies

Summary of Significant Accounting Policies

As used in the Condensed 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.

Basis of Presentation — The condensed consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America for interim financial information and with the instructions to Form 10-Q and Rule 10-01 of Regulation S-X. The interim financial statements should be read in conjunction with the audited consolidated financial statements, including the notes thereto included in our 2014 Annual Report on Form 10-K. In management's opinion, all adjustments (consisting of normal recurring accruals) necessary for a fair presentation of the interim periods have been made.

Results of operations are not necessarily indicative of the results that may be expected for future interim periods or for the full year.

Nature of Operations — We are a diverse media enterprise with a portfolio of television, radio and digital media brands. All of our media businesses provide content and advertising services via digital platforms, including the web, smartphones and tablets. Our media businesses are organized into the following reportable business segments: television, radio, digital, and syndication and other. Additional information for our business segments is presented in the Condensed Notes to Consolidated Financial Statements.

On April 1, 2015, we distributed our newspaper business to our shareholders in a tax-free spin-off. See Note 17 for additional information on the spin-off.

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 plans; 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.

Revenue Recognition — We recognize revenue when persuasive evidence of a sales arrangement exists, delivery occurs or services are rendered, the sales price is fixed or determinable and collectability is reasonably assured. When a sales arrangement contains multiple elements, such as the sale of advertising and other services, we allocate revenue to each element based upon its relative fair value. We report revenue net of sales and other taxes collected from our customers.

Our primary sources of revenue are from the sale of broadcast and digital advertising and retransmission fees received from cable operators and satellite carriers.

The revenue recognition policies for each source of revenue are described in our 2014 Annual Report on Form 10-K.

Share-Based Compensation — We have a Long-Term Incentive Plan (the “Plan”) which is described more fully in our Annual Report on Form 10-K for the year ended December 31, 2014. The Plan provides for the award of incentive and nonqualified stock options, stock appreciation rights, restricted stock units (RSUs), unrestricted Class A Common shares and performance units to key employees and non-employee directors.

Share-based compensation costs totaled $1.4 million and $0.3 million for the third quarter of 2015 and 2014, respectively, of which $0.1 million of third quarter 2014 is included in discontinued operations. Year-to-date share-based compensation costs totaled $8.5 million and $4.9 million in 2015 and 2014, respectively. Year-to-date costs included in discontinued operations were $1.1 million and $1.2 million in 2015 and 2014, respectively.

Earnings Per Share (“EPS”) — Unvested awards of share-based payments with rights to receive dividends or dividend equivalents, such as 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:

	Three Months Ended   September 30,					Nine Months Ended   September 30,
(in thousands)	2015			2014		2015			2014
Numerator (for basic and diluted earnings per share)
Net (loss) income from continuing operations	$	(24,443	)	$	1,043	$	(45,513	)	$	(5,973	)
Less income allocated to RSUs	—			—		—			—
Numerator for basic and diluted earnings per share from continuing operations	$	(24,443	)	$	1,043	$	(45,513	)	$	(5,973	)
Denominator
Basic weighted-average shares outstanding	84,107			56,469		75,213			56,200
Effect of dilutive securities:
Stock options held by employees and directors	—			—		—			—
Diluted weighted-average shares outstanding	84,107			56,469		75,213			56,200
Anti-dilutive securities (1)	2,148			3,313		2,148			3,313

⁽¹⁾ Amount outstanding at balance sheet date, before application of the treasury stock method and not weighted for period outstanding.

For the quarter ended September 30, 2015 and nine month periods ended September 30, 2015 and 2014, we incurred a net loss and the inclusion of RSUs and stock options held by employees and directors would have been anti-dilutive, and accordingly the diluted EPS calculation for the period excludes those common share equivalents. For the quarter ended September 30, 2014 there was net income from continuing operations. Prior to recasting the historical financial statements for discontinued operations, we incurred a net loss for the quarter ended September 30, 2014, and therefore we did not apply the two-class method. We have not changed our application of the two-class method due to the recasting of our historical financial statements, which changed income from continuing operations from a loss to income.

Derivative Financial Instruments — It is our policy that derivative transactions are executed only to manage exposures arising in the normal course of business and not for the purpose of creating speculative positions or trading. Derivative financial instruments are utilized to manage interest rate risks. We do not hold derivative financial instruments for trading purposes. All derivatives are recorded on the balance sheet at fair value. Each derivative is designated as a cash flow hedge or remains undesignated. Changes in the fair value of derivatives that are designated and effective as cash flow hedges are recorded in other comprehensive income (loss) and reclassified to earnings when the effects of the item being hedged are recognized in earnings. These changes are offset in earnings to the extent the hedge was effective by fair value changes related to the risk being hedged on the hedged item. Changes in the fair value of undesignated hedges are recognized currently in earnings. All ineffective changes in derivative fair values are recognized currently in earnings.

All designated hedges are formally documented as to the relationship with the hedged item as well as the risk-management strategy. Both at inception and on an ongoing basis, the hedging instrument is assessed as to its effectiveness, when applicable. If and when a derivative is determined not to be highly effective as a hedge, the underlying hedged transaction is no longer likely to occur, the hedge designation is removed, or the derivative is terminated, the hedge accounting discussed above is discontinued.

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Other Liabilities - Additional Information (Details) - USD ($) $ in Thousands	Sep. 30, 2015	Dec. 31, 2014
Other liabilities
Employee compensation and benefits	$ 16,844	$ 15,914
Liability for pension benefits	230,967	136,429
Liabilities for uncertain tax positions	7,667	6,741
Other	22,261	10,087
Other liabilities (less current portion)	$ 277,739	$ 169,171

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Summary of Significant Accounting Policies (Policies)

9 Months Ended

Sep. 30, 2015

Accounting Policies [Abstract]

Basis of Presentation

Basis of Presentation — The condensed consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America for interim financial information and with the instructions to Form 10-Q and Rule 10-01 of Regulation S-X. The interim financial statements should be read in conjunction with the audited consolidated financial statements, including the notes thereto included in our 2014 Annual Report on Form 10-K. In management's opinion, all adjustments (consisting of normal recurring accruals) necessary for a fair presentation of the interim periods have been made.

Results of operations are not necessarily indicative of the results that may be expected for future interim periods or for the full year.

Nature of Operations

Nature of Operations — We are a diverse media enterprise with a portfolio of television, radio and digital media brands. All of our media businesses provide content and advertising services via digital platforms, including the web, smartphones and tablets. Our media businesses are organized into the following reportable business segments: television, radio, digital, and syndication and other. Additional information for our business segments is presented in the Condensed Notes to Consolidated Financial Statements.

On April 1, 2015, we distributed our newspaper business to our shareholders in a tax-free spin-off. See Note 17 for additional information on the spin-off.

Use of Estimates

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 plans; 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.

Revenue Recognition

Revenue Recognition — We recognize revenue when persuasive evidence of a sales arrangement exists, delivery occurs or services are rendered, the sales price is fixed or determinable and collectability is reasonably assured. When a sales arrangement contains multiple elements, such as the sale of advertising and other services, we allocate revenue to each element based upon its relative fair value. We report revenue net of sales and other taxes collected from our customers.

Our primary sources of revenue are from the sale of broadcast and digital advertising and retransmission fees received from cable operators and satellite carriers.

The revenue recognition policies for each source of revenue are described in our 2014 Annual Report on Form 10-K.

Share-Based Compensation

Share-Based Compensation — We have a Long-Term Incentive Plan (the “Plan”) which is described more fully in our Annual Report on Form 10-K for the year ended December 31, 2014. The Plan provides for the award of incentive and nonqualified stock options, stock appreciation rights, restricted stock units (RSUs), unrestricted Class A Common shares and performance units to key employees and non-employee directors.

Share-based compensation costs totaled $1.4 million and $0.3 million for the third quarter of 2015 and 2014, respectively, of which $0.1 million of third quarter 2014 is included in discontinued operations. Year-to-date share-based compensation costs totaled $8.5 million and $4.9 million in 2015 and 2014, respectively. Year-to-date costs included in discontinued operations were $1.1 million and $1.2 million in 2015 and 2014, respectively.

Earnings Per Share (EPS)

Earnings Per Share (“EPS”) — Unvested awards of share-based payments with rights to receive dividends or dividend equivalents, such as 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.

Derivative Financial Instruments

Derivative Financial Instruments — It is our policy that derivative transactions are executed only to manage exposures arising in the normal course of business and not for the purpose of creating speculative positions or trading. Derivative financial instruments are utilized to manage interest rate risks. We do not hold derivative financial instruments for trading purposes. All derivatives are recorded on the balance sheet at fair value. Each derivative is designated as a cash flow hedge or remains undesignated. Changes in the fair value of derivatives that are designated and effective as cash flow hedges are recorded in other comprehensive income (loss) and reclassified to earnings when the effects of the item being hedged are recognized in earnings. These changes are offset in earnings to the extent the hedge was effective by fair value changes related to the risk being hedged on the hedged item. Changes in the fair value of undesignated hedges are recognized currently in earnings. All ineffective changes in derivative fair values are recognized currently in earnings.

All designated hedges are formally documented as to the relationship with the hedged item as well as the risk-management strategy. Both at inception and on an ongoing basis, the hedging instrument is assessed as to its effectiveness, when applicable. If and when a derivative is determined not to be highly effective as a hedge, the underlying hedged transaction is no longer likely to occur, the hedge designation is removed, or the derivative is terminated, the hedge accounting discussed above is discontinued.

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Accumulated Other Comprehensive Loss (Tables)

9 Months Ended

Sep. 30, 2015

Accumulated Other Comprehensive Income [Abstract]

Schedule of Accumulated Other Comprehensive Loss

Changes in accumulated other comprehensive loss ("AOCL") by component, including items reclassified out of AOCL, were as follows:

	Three Months Ended September 30, 2015
(in thousands)	Gains and Losses on Derivatives			Defined Benefit Pension Items			Other		Total
Beginning balance, June 30, 2015	$	(360	)	$	(125,524	)	$	11	$	(125,873	)
Other comprehensive income before reclassifications									—
Amounts reclassified from accumulated other   comprehensive loss
Interest rate swap, net of tax of $37 (a)	59			—			—		59
Actuarial loss, net of tax of $471 (b)				762			—		762
Net current-period other comprehensive loss	59			762			—		821
Ending balance, September 30, 2015	$	(301	)	$	(124,762	)	$	11	$	(125,052	)

	Three Months Ended September 30, 2014
(in thousands)	Gains and Losses on Derivatives			Defined Benefit Pension Items			Other		Total
Beginning balance, June 30, 2014	$	(600	)	$	(79,489	)	$	172	$	(79,917	)
Other comprehensive income before reclassifications	—			—			—		—
Amounts reclassified from accumulated other   comprehensive loss
Interest rate swap, net of tax of $37 (a)	59			—			—		59
Actuarial loss, net of tax of $364 (b)	—			441			—		441
Net current-period other comprehensive income	59			441			—		500
Ending balance, September 30, 2014	$	(541	)	$	(79,048	)	$	172	$	(79,417	)

	Nine Months Ended September 30, 2015
(in thousands)	Gains and Losses on Derivatives			Defined Benefit Pension Items			Other			Total
Beginning balance, December 31, 2014	$	(479	)	$	(125,877	)	$	(87	)	$	(126,443	)
Other comprehensive income before reclassifications										—
Amounts reclassified from accumulated other   comprehensive loss
Interest rate swap, net of tax of $110(a)	178			—			—			178
Actuarial loss, net of tax of $(740) (b)	—			(1,197		)	84			(1,113		)
Net current-period other comprehensive income	178			(1,197		)	84			(935		)
Spin-off of Newspapers, net of tax of $1,517	—			2,312			14			2,326
Ending balance, September 30, 2015	$	(301	)	$	(124,762	)	$	11		$	(125,052	)

	Nine Months Ended September 30, 2014
(in thousands)	Gains and Losses on Derivatives			Defined Benefit Pension Items			Other		Total
Beginning balance, December 31, 2013	$	(718	)	$	(80,377	)	$	172	$	(80,923	)
Other comprehensive income before reclassifications	—			—			—		—
Amounts reclassified from accumulated other   comprehensive loss
Interest rate swap, net of tax of $111 (a)	177			—			—		177
Actuarial loss, net of tax of $924 (b)	—			1,329			—		1,329
Net current-period other comprehensive income	177			1,329			—		1,506
Ending balance, September 30, 2014	$	(541	)	$	(79,048	)	$	172	$	(79,417	)

^(a) Interest rate swap is included in interest expense in the Condensed Consolidated Statements of Operations

^(b) Actuarial loss is included in defined benefit pension plan expense in the Condensed Consolidated Statements of Operations

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Other Liabilities

9 Months Ended

Sep. 30, 2015

Other Liabilities Disclosure [Abstract]

Other Liabilities

Other Liabilities

Other liabilities consisted of the following:

(in thousands)	As of   September 30,   2015		As of   December 31,   2014
Employee compensation and benefits	$	16,844	$	15,914
Liability for pension benefits	230,967		136,429
Liabilities for uncertain tax positions	7,667		6,741
Other	22,261		10,087
Other liabilities (less current portion)	$	277,739	$	169,171