Scripps/Triton Sale Closed

• The E.W. Scripps Company has formally closed its $150 million acquisition of Triton. “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 Adam Symson, Scripps President and CEO.

Triton CEO Neal Schore said, “We are excited to join the Scripps family. 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.”

Triton is forecast to generate more than $3 million in revenue and more than $1 million in contribution to segment profit for the time Scripps owns it in 2018. It will be immediately accretive to Scripps’ earnings. Triton is headquartered in Los Angeles and has 145 employees worldwide.