Broadcasters will pay millions to settle ad price-fixing claims
Cox Media, Paramount Global and Fox Corporation have agreed to pay $48 million and cooperate in litigation against other media companies.
The E. W. Scripps Company (Scripps) [$SSP] is a mass media conglomerate that owns local television stations, digital broadcast networks and streaming television channels. The company operates the Ion Television Network, Scripps News (formerly Newsy), Court TV and dozens of local television stations. It also operates Bounce, Grit, True Real and Defy TV through its Katz Broadcasting subsidiary. Scripps is based in Cincinnati, Ohio.
Cox Media, Paramount Global and Fox Corporation have agreed to pay $48 million and cooperate in litigation against other media companies.
The E. W. Scripps Company’s free streaming news channel Scripps News received three National Headliner Awards this week.
Continued ad market woes contributed to lower revenue for Scripps, though the company said conditions are improving.
Scripps has become the latest broadcaster to land a lucrative deal with a pro sports team over the last few weeks.
The free news channel will broadcast live during most of the weekday, starting in May.
The deal marks the first time Ion Network will offer nationally-televised sports programming.
Scripps has elevated its Denver-based television executive Dean Littleton to the role of senior vice president of local media.
Scripps has shut down its TrueReal digital network in order to lease spectrum to Jewelry Television.
Nuvyyo is still developing a Tablo device that is capable of receiving ATSC 3.0 signals, a spokesperson confirmed.
Frndly TV has added several channels, including Movies!, Grit, Ion, Ion Mystery and Cowboy Way, to its budget streaming service.