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Scripps Buys ION Media for $2.65 Billion, Dramatically Expanding TV Footprint

RSS Feed - September 23, 2020 - 0 comments

Key Insight: After exiting the newspaper business in 2015 and leaving radio in 2018, Scripps has refocused on TV. 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 Berkshire Hathaway, which will make a…

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