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Sep 24, 2020 · The E.W. Scripps Company will buy national broadcast network ION Media for $2.65 billion, combining the business with Scripps’ Katz networks and Newsy to create a full-scale national television networks business.
- Adam Symson
Adam Symson | Leadership
- Scripps Acquires ION Media Networks Inc.
CINCINNATI / GREENWICH, Conn. – The E.W. Scripps Company...
- Adam Symson
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Jan 7, 2021 · The highly accretive acquisition will yield $500 million in synergies, most of which are contractually based, over the next six years, reaching a $120 million run rate. Scripps also has...
Jan 7, 2021 · CINCINNATI / GREENWICH, Conn. – The E.W. Scripps Company (NASDAQ: SSP) and Black Diamond Capital Management LLC have closed Scripps’ acquisition of ION Media Networks Inc. Scripps is combining ION with the Katz networks and Newsy to create a full-scale national television networks business.
Pending regulatory approval and after select ION station divestitures, Scripps will own 59 local television stations and 48 ION stations in 76 markets. In its first full year of operating ION, Scripps expects revenue of about $2.5 billion and double the EBITDA it would have expected that year.
Sep 24, 2020 · E.W. Scripps has reached a deal to acquire Ion Media for $2.65 billion in a deal that will be partially financed by a $600 million investment from Warren Buffett’s Berkshire Hathaway. Based...
Sep 24, 2020 · The E.W. Scripps Company says it plans to buy broadcast network ION Media for $2.65 billion. It will combine ION with Scripps’ Katz networks and Newsy streamer to create a national television networks business. …
The E.W. Scripps Company is pushing further into the national TV networks business, announcing the purchase of ION Media for $2.65 billion today. The purchase is backed by Warren Buffett’s...
