Scripps to sell its last group of radio stations to SummitMedia for $47 million

▤ Summary

Scripps Company (NASDAQ: SSP) has reached an agreement to sell its last group of 19 radio stations in four markets to SummitMedia LLC for $47 million. "With Summit, these stations will be able to fully live out their mission of informing and entertaining local audiences. This is a significant milestone toward executing our strategy to divest of non-core assets, improve near-term operating performance and focus on the growth ahead." Scripps Company (NASDAQ: SSP) serves audiences and businesses through a growing portfolio of local and national media brands. Founded in 1878, Scripps has held for decades to the motto, "Give light and the people will find their own way."

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