Scripps Closes On Triton Acquisition

Deal Closing

THE E.W. SCRIPPS COMPANY has closed on the purchase of digital audio technology and measurement firm TRITON for $150 million.

"The TRITON acquisition aligns with the SCRIPPS strategy of fueling company growth by being opportunistic in the marketplace and responsive to the changing needs of media consumers," said SCRIPPS President/CEO ADAM SYMSON.

"By recognizing and capitalizing on the growth of the streaming audio industry, TRITON has formed relationships with some of the biggest names in audio and positioned itself as the international leader in this space," said SCRIPPS SVP of National Media LAURA TOMLIN. "Through this acquisition, SCRIPPS further improves its position in the growing global digital audio marketplace."

"We are excited to join the SCRIPPS family," said TRITON CEO NEAL SCHORE. "SCRIPPS is an exceptional company, and we look forward to a bright future where we will continue to build, innovate and create world-class products for our clients and the global digital audio industry."

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