E.W. Scripps (EWSCO) Announces Sale of Court TV Network to Law&Crime

E.W. Scripps (EWSCO) announced on February 9, 2026, the sale of its Court TV network to Law&Crime, effective March 31, 2026. The transaction, valued at $120 million, is expected to contribute positively to the company's second-quarter 2026 earnings per share and free cash flow. Terms of the agreement include a combination of cash and stock, with E.W. Scripps issuing 200,000 shares of its common stock valued at $20 million, and the remainder paid in cash. The sale reflects the company's strategic shift to focus on core cable and digital platforms.