Scripps Acquires Video News Provider Newsy.com - Video News Alert on InvestmentPitch.com

Vancouver, British Columbia--(Newsfile Corp. - December 11, 2013) - The E.W. Scripps Company (NYSE: SSP) has acquired video news provider Newsy.com for $35 million. Columbia, Missouri-based Newsy, a five-year old start-up, describes itself as a multisource video news service that highlights unique perspectives from across the media spectrum.

InvestmentPitch.com has produced a "video news alert" about this acquisition. If this link is not enabled, please visit www.InvestmentPitch.com and enter "Scripps" in the search box.

If you cannot view the video above, please visit:
http://www.investmentpitch.com/video/0_ht56ho20/Scripps-NYSE-SSP-buys-video-content-producer-Newsycom-for-35-million

Newsy's anchors deliver short news videos, which incorporate shorter videos from other news sources, giving viewers different perspectives. Its revenue comes from advertising on its digital products, selling news and original content to major digital journalism brands such as AOL/Huffington Post, Microsoft and Mashable, and syndicating its content.

Scripps, perhaps best known for its "Scripps Spelling Bee" educational program, delivers news through a growing portfolio of television, print and digital media brands. It owns 19 local television stations and daily newspapers in 13 markets across the United States, as well as an expanding collection of local and national digital journalism and information businesses.

Rich Boehne, Scripps president & CEO stated, "This acquisition fits our digital strategy to run a national news brand that both enhances our local content offerings and gives us more access to the fast-growing digital news audiences and revenues on national programs."

Adam Symson, senior vice president and chief digital officer for Scripps added, "Scripps is committed to participating in the future of digital media. Newsy is built for the digital audience, especially on the platforms we're seeing emerge now with highly connected consumers."

Newsy will operate as a wholly owned subsidiary of Scripps, and with 35 full-time employees that's a cool million per employee.

For more information, please visit the companies' websites www.scripps.com or www.newsy.com.

About InvestmentPitch

InvestmentPitch.com, a multimedia company that provides a combined solution for creating and hosting financial video content, and distributing it across multiple platforms to investors and financial professionals, specializes in producing short three minute videos based on significant news releases and research reports. Please visit InvestmentPitch.com and browse the extensive library of investment videos.

CONTACT:
InvestmentPitch.com
Barry Morgan, CFO
604-684-5524
bmorgan@investmentpitch.com

 
Copyright 2014 Newsfile Corp. All rights reserved.
Terms and Conditions of Use | Privacy Policy | Contact Us