E.W. SCRIPPS Co — Director's Dealing 2019

May 20, 2019

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: E.W. SCRIPPS Co (SSP)
CIK: 0000832428
Period of Report: 2019-05-16

Reporting Person: Scripps Gerald J. (10% Owner)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2019-05-16	Class A Common Shares, $.01 par value per share	J	31332	$17.495	Disposed	0	Indirect
2019-05-16	Class A Common Shares, $.01 par value per share	J	31332	$17.495	Acquired	103854	Direct
2019-05-16	Common Voting Shares, $.01 par value per share	J	41191	$17.495	Disposed	0	Indirect
2019-05-16	Common Voting Shares, $.01 par value per share	J	41191	$17.495	Acquired	92000	Direct

Footnotes

F1: On May 16, 2019, the reporting person exchanged assets of equal value for 31,332 Class A Common Shares, which were valued based on the average of the high and low market price of the Class A Common Shares on such date, with a grantor-retained annuity trust of which the reporting person is trustee. As a result, these Class A Common Shares are again directly owned by the reporting person.

F2: Immediately following the transactions reported on the reporting person's previously filed Form 4, the reporting person: (i) directly held 103,854 Class A Common Shares and 15 Common Voting Shares; and (ii) indirectly held 91,985 Common Voting Shares through a grantor-retained annuity trust of which the reporting person was trustee (the "2016 GRAT"). Since that last filing, the reporting person: (a) received all shares held by the 2016 GRAT in satisfaction of the 2016 GRAT's annuity obligations; and (b) contributed 31,332 Class A Common Shares and 41,191 Common Voting Shares on May 14, 2018 to a separate grantor-retained annuity trust of which the reporting person is trustee (the "2018 GRAT"). Therefore, the reporting person indirectly held all shares in the 2018 GRAT and directly held all other shares immediately prior to the transactions reported on this Form 4, and there has been no change in the aggregate number of shares reported since the last filing.

F3: On May 16, 2019, the reporting person exchanged assets of equal value for 41,191 Common Voting Shares, which were valued based on the average of the high and low market price of the Class A Common Shares on such date, with a grantor-retained annuity trust of which the reporting person is trustee. As a result, these Common Voting Shares are again directly owned by the reporting person.