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.…
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“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.