Risk Factors Update Summary
- Revenue from broadcast advertising decreased from 29% to 27% in 2023, impacting financial performance.
- Affiliation agreements with major networks expire between Q3 2023 and 2026, posing renewal risks.
- Cybersecurity incidents could result in business interruption, financial consequences, and reputational damage.
- Impairment charges of $29 million and $18 million were recognized in 2023 and 2022, impacting assets.
- Interest rate caps protect against fluctuations, limiting annual interest to a maximum of 4.97%.
- Changes in media ownership rules may impact the acquisition of network-affiliated programming post-December 26, 2023.
Full Text Changes in Most Recent 10-K
Intended use: review the highlighted statements. These are additions to the risk factors disclosure in the most recent 10-K filing compared to the previous 10-K filing. Deleted and moved text is less important and is shown for context.
To view the full company filings, click on the following link to be taken to the SEC EDGAR database landing page for the company: https://www.sec.gov/edgar/browse/?CIK=43196&owner=exclude
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