Broadcast-streaming. The 140-year-old US media company E.W. Scripps has agreed to acquire 15 television stations in 10 markets from Cordillera Communications for $521m. The deal will give Scripps a total of 51 stations in 36 markets, reaching 21% of all US households. The acquisition follows a reorganisation of Scripps to focus on TV stations, some 10 years after it spun off the now-listed company Scripps Network Interactive (home of HGTV, The Food Network and The Cooking Channel). Two years ago, Scripps sold its newspapers to Gannett and, more recently, sold-off its remaining radio assets.
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Scripps buys 15 TV Stations for $521m
