Scripps will move Katz, Newsy to Ion digital subchannels
Grit, Laff, Court TV and Newsy will eventually replace Ion Plus, Qubo and two home shopping channels.
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.
Grit, Laff, Court TV and Newsy will eventually replace Ion Plus, Qubo and two home shopping channels.
Consolidation coupled with a focus on re-transmission agreements have helped local stations weather the economic effects of the COVID-19 pandemic.
Around 60 channels operated by E. W. Scripps in 42 local markets have gone dark on the satellite service.
Mission is known to exercise shared services agreements with Nexstar Media.
The satellite radio giant will pay $265 million now and $60 million later.
The premium audio giant has made aggressive purchases in recent years as it looks to diversity beyond satellite radio.
Haystack TV, a free streaming TV service that aggregates news stories from local and national organizations, has launched a dedicated Super Tuesday channel.
Nexstar Media Group formally acquired Tribune Media on Thursday, taking control of three dozen stations and selling off about a dozen more.
Chief Executive Peter Kern is also expected to depart the combined company shortly after the deal closes, according to the memo.