Scripps News to lay off 118 journalists in Atlanta by Friday
The journalists will continue to be paid through the end of the year, the company affirmed in a letter to a state labor office.
The journalists will continue to be paid through the end of the year, the company affirmed in a letter to a state labor office.
Scripps reported a record $646 million in overall revenue during Q3, spurred in large part by an uptick in political ad spending against local TV channels.
The CEO of Scripps said the company took on a significant amount of debt to purchase Ion three years ago, which informed certain recent cost-cutting measures.
Her departure coincides with the winding down of the Scripps News brand as a national TV channel.
Advertising revenue woes are largely to blame for the falling apart of Scripps News, a highly-decorated national news brand that aimed to reach viewers with facts-first, non-partisan journalism.
The E. W. Scripps Company is eliminating its Chief Operating Officer role, a move that will see the departure of current COO Lisa Knutson, The Desk has confirmed.
Scripps is hoping to capitalize on social causes and the race for the White House, which should earn it a record amount from political ad spending, executives said this week.
The CEO of E. W. Scripps confirms the broadcaster is interested in selling off its Black-centric TV network Bounce.
Scripps says it will leverage its broadcast stations, Ion television network and other properties to grab sports rights under a new division.
Scripps says its free-to-air news channel Newsy will re-brand to Scripps News early next year.