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December 10, 2013 01:51 am GMT
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.
Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/rLo5IPStmFQ/
Scripps Buys Newsy For $35M To Expand From TV And Newspapers To Digital Video
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.Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/rLo5IPStmFQ/
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