Scripps Buys Newsy For $35M To Expand From TV And Newspapers To Digital Video

By: Ingrid Lunden | Tech Crunch

Another exit for a new media startup into the arms of the old media industry: E.W. Scripps, the storied owner of 19 local television stations and daily newspapers in 13 markets across the U.S., today announced that it has acquired Newsy, a digital video news platform, for $35 million in cash. Newsy will become a subsidiary of Scripps.

The deal is expected to close January 1, Scripps said.