Scripps to Sell Remaining Radio Stations to SummitMedia
E.W. Scripps will sell its remaining 19 radio stations in four markets to SummitMedia for $47 million, the seller said Wednesday. This is the fourth and final deal in Scripps’ plan to sell its complete stable of 34 radio stations.…
Sign up for a free preview to unlock the rest of this article
If your job depends on informed compliance, you need International Trade Today. Delivered every business day and available any time online, only International Trade Today helps you stay current on the increasingly complex international trade regulatory environment.
“This is a significant milestone toward executing our strategy to divest of non-core assets,” Scripps said. The deals will total $83.5 million when finished, it said. The SummitMedia deal includes stations in Wichita, Kansas; Springfield, Missouri; Omaha, Nebraska; and Knoxville, Tennessee and is expected to close in Q4.