Scripps - M&A Summary and Business Overview

MediaCompany

Scripps M&A Summary

Scripps has acquired 18 companies, including 1 in the last 5 years. It has also divested 11 assets.

Scripps’ largest acquisition to date was in 2020, when it acquired ION Media Networks for $2.7B. It’s largest disclosed sale occurred in 2020, when it sold Stitcher to Sirius XM Holdings for $325M. Scripps has acquired in 9 different US states, and 2 countries. The Company’s most targeted sectors include media (39%) and internet software and services (28%).

Scripps Business Overview

Where is Scripps headquartered?

Scripps is headquartered in Cincinnati, Ohio.

What is Scripps’ revenue?

Scripps disclosed revenue of 2,293M USD for 2023 and 2,453M USD for 2022.

How many employees does Scripps have?

Scripps has 5,200 employees.

What sector is Scripps in?

Scripps is a media company.

When was Scripps founded?

Scripps was founded in 1878.

M&A Summary

  • M&A Total Activity29
    • M&A Buy Activity18
    • M&A Sell Activity11
  • Total Sectors Invested 6
  • Total Countries Invested 2
  • M&A Buy/Sell Connections 20
  • M&A Advisors 7

Scripps

The E. W. Scripps Company

Scripps Center, Suite 2800,
Cincinnati, Ohio 45202
United States,
(513) 977-3000
www.scripps.com

Scripps is a diverse media concern with interests in national lifestyle television networks, newspaper publishing, broadcast television, television retailing, interactive media and licensing and syndication. All of the company’s media businesses provide content and advertising services via the Internet. Scripps was founded in 1878 and is based in Cincinnati, Ohio.


M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (0.2/yr) # 17 1 - - - - 18
vol $2.1B $2.7B $4.8B
Sell (0.8/yr) # 7 3 1 - - - 11
vol $501M $325M $230M $1.1B
  29

Most Recent M&A

Company Date Value Type
Triton Digital LLC 2021-02-17 230M USD Divestiture
Sherman Oaks, California · www.tritondigital.com
The E. W. Scripps Company - WPIX 2020-12-30 - Divestiture
Cincinnati, Ohio
ION Media Networks, Inc. 2020-09-24 2.7B USD Add-on Acquisition
Palm Beach, Florida · www.ionmedia.com
Stitcher, Inc. 2020-07-13 325M USD Divestiture
San Francisco, California · www.stitcher.com
GeoTerrestrial, Inc. 2020-05-28 - Divestiture
Los Angeles, California · www.weathersphere.com
Cordillera Communications LLC - 15 Television Stations 2018-10-29 - Divestiture
Saint Paul, Minnesota
Triton Digital LLC 2018-10-17 150M USD Divestiture
Sherman Oaks, California · www.tritondigital.com
The E. W. Scripps Company - Milwaukee Radio Stations 2018-07-27 16M USD Divestiture
Cincinnati, Ohio
The E. W. Scripps Company - Radio Stations 2018-06-25 13M USD Divestiture
Cincinnati, Ohio
Katz Broadcasting LLC - Television Networks 2017-08-01 302M USD Divestiture
Atlanta, Georgia
View All >>

M&A by Sector

Sector Buy # Value Sell # Value
Media 7 (39%) 3.4B (71%) 5 (45%) 309M (29%)
Internet Software and Services 5 (28%) 640M (13%) 4 (36%) 257M (24%)
Digital Media 2 (11%) 5M (< 1%) 1 (9%) 325M (31%)
Publishing 2 (11%) - - -
Marketing 1 (6%) 525M (11%) 1 (9%) 165M (16%)
Communications 1 (6%) 212M (4%) - -
Total 18 $4.8B 11 $1.1B

By Geo

State/Country Buy Value Sell Value
United States 17 4.4B 10 1.0B
  California 5 719M 4 720M
  Florida 3 2.8B - -
  Minnesota 2 50M 1 17M
  Ohio - - 3 29M
  Wisconsin 1 - 1 280M
  Tennessee 1 140M 1 -
  Missouri 1 35M - -
  Kentucky 1 - - -
  Georgia 1 302M - -
United Kingdom 1 366M 1 10M
Domestic 17 (94%) 4.4B (92%) 10 (91%) 1.0B (99%)
Cross-border 1 (6%) 366M (8%) 1 (9%) 10M (1%)
Total 18 $4.8B 11 $1.1B

Top M&A Advisors

Financial Deals
Evercore Group
 1
LionTree
 1
Morgan Stanley
 1
Legal Deals
BakerHostetler
 2
Simpson Thacher & Bartlett
 1
Kirkland & Ellis
 1

Deal Values

buy # Total
> $1B 1 $2.7B
$100M to $1B 8 $2.0B
< $100M 4 $128M
TOTAL $4.8B
Largest ION Media Networks, Inc.
$2.7B (2020-09-24)
sell # Total
$100M to $1B 4 $1.0B
< $100M 4 $56M
TOTAL $1.1B
Largest Stitcher, Inc.
$325M (2020-07-13)

M&A Connections

Deals
Acquired from
Strategic(s)
56%
10 (56%)
Divested to
Investor(s)
9%
1 (9%)
Strategic(s)
82%
9 (82%)

Company Summary

SECTOR

Media

Revenue

2,293   7% 2023
2,453   8% 2022
2,284   23% 2021
1,857   31% 2020
1,424   18% 2019
1,208   40% 2018
865   9% 2017
943   32% 2016
716   18% 2015
869   102% 2014
432   53% 2013
903   2012
(millions of USD) Show More Show Less

Employees

5,200

Established

1878

Public

NASDAQ: SSP

Former Name

Scripps Howard, Inc.

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