SEC Form 3
FORM 3 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person*
BERKSHIRE HATHAWAY INC

(Last) (First) (Middle)
3555 FARNAM STREET

(Street)
OMAHA NE 68131

(City) (State) (Zip)
2. Date of Event Requiring Statement (Month/Day/Year)
01/07/2021
3. Issuer Name and Ticker or Trading Symbol
E.W. SCRIPPS Co [ SSP ]
4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director X 10% Owner
Officer (give title below) Other (specify below)
5. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
Form filed by One Reporting Person
X Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4) 2. Amount of Securities Beneficially Owned (Instr. 4) 3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) 4. Nature of Indirect Beneficial Ownership (Instr. 5)
Preferred Shares, Series A 6,000 I See footnote(1)
Table II - Derivative Securities Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4) 2. Date Exercisable and Expiration Date (Month/Day/Year) 3. Title and Amount of Securities Underlying Derivative Security (Instr. 4) 4. Conversion or Exercise Price of Derivative Security 5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) 6. Nature of Indirect Beneficial Ownership (Instr. 5)
Date Exercisable Expiration Date Title Amount or Number of Shares
Warrant (right to buy) (2) (3) Class A Common Shares 23,076,923 $13 I See footnote(4)
1. Name and Address of Reporting Person*
BERKSHIRE HATHAWAY INC

(Last) (First) (Middle)
3555 FARNAM STREET

(Street)
OMAHA NE 68131

(City) (State) (Zip)

Relationship of Reporting Person(s) to Issuer
Director X 10% Owner
Officer (give title below) Other (specify below)
1. Name and Address of Reporting Person*
BUFFETT WARREN E

(Last) (First) (Middle)
3555 FARNAM STREET

(Street)
OMAHA NE 68131

(City) (State) (Zip)

Relationship of Reporting Person(s) to Issuer
Director X 10% Owner
Officer (give title below) Other (specify below)
Explanation of Responses:
1. 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.
2. The warrant shall be exercisable after the receipt of all applicable regulatory approvals required under the terms of the warrant.
3. 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.
4. 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.
Remarks:
/s/ Warren E. Buffett, on behalf of himself and each other reporting person hereunder 01/15/2021
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 5 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
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