E.W. SCRIPPS Co — Director's Dealing 2021

Jan 15, 2021

SEC Form 3 — Initial Statement of Beneficial Ownership

Issuer: E.W. SCRIPPS Co (SSP)
CIK: 0000832428
Period of Report: 2021-01-07

Reporting Person: BERKSHIRE HATHAWAY INC (10% Owner)
Reporting Person: BUFFETT WARREN E (10% Owner)

Holdings (Non-Derivative)

Security	Shares	Ownership
Preferred Shares, Series A	6000	Indirect

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Warrant (right to buy)	$13.00		Class A Common Shares (23076923)		Indirect

Footnotes

F1: The reported securities are owned directly by Columbia Insurance Company, a subsidiary of Berkshire Hathaway Inc. ("Berkshire"). As Berkshire is in the chain of ownership of such subsidiary listed above, it may be deemed presently to both beneficially own and have a pecuniary interest in all of the Preferred Shares, Series A (the "Preferred Shares") presently directly owned by such subsidiary. Warren E. Buffett, as the controlling stockholder of Berkshire, may be deemed presently to beneficially own, but only to the extent he has a pecuniary interest in, the Preferred Shares presently owned by such subsidiary. Mr. Buffett disclaims beneficial ownership of the reported securities except to the extent of his pecuniary interest therein.

F2: The warrant shall be exercisable after the receipt of all applicable regulatory approvals required under the terms of the warrant.

F3: The warrant shall expire on the one-year anniversary of the first date on which no Preferred Shares issued to Berkshire pursuant to the Securities Purchase Agreement, dated as of September 23, 2020, by and between issuer and Berkshire, remain outstanding.

F4: The reported securities are owned directly by Columbia Insurance Company, a subsidiary of Berkshire. As Berkshire is in the chain of ownership of such subsidiary listed above, it may be deemed presently to both beneficially own and have a pecuniary interest in all of the Class A Common Shares underlying the warrant (the "Warrant Shares") presently directly owned by such subsidiary. Warren E. Buffett, as the controlling stockholder of Berkshire, may be deemed presently to beneficially own, but only to the extent he has a pecuniary interest in, the Warrant Shares presently owned by such subsidiary. Mr. Buffett disclaims beneficial ownership of the reported securities except to the extent of his pecuniary interest therein.