Restructuring Costs and Other Transactions

12 Months Ended

Dec. 31, 2024

Restructuring and Related Activities [Abstract]

Restructuring Costs and Other Transactions

Restructuring and Reorganization

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

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

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


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

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

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

Other Transactions

Acquisition and related integration costs were $1.6 million in 2022.