Bulletin: E.W. Scripps' Acquisition Of Triton Is Consistent With The Company's National Media Growth Strategy; Ratings Unchanged

CHICAGO (S&P Global Ratings) Oct. 18, 2018--S&P Global Ratings today said that it views The E.W. Scripps Co.'s (BB-/Stable/--) acquisition of Triton as consistent with the company's national media growth strategy. While we expect that the transaction will have a modestly negative impact on the company's leverage, all of our ratings remain unchanged. Triton is a software-as-a-service (SaaS) digital audio measurement and technology company that audio streaming publishers use to distribute audio streams and insert advertising. The company captures consumer listening data and provides audience measurement data that enable audio publishers and digital audio advertisers to transact. We believe the acquisition is consistent with E.W. Scripps' national media strategy, which includes growing its podcasting business, and expect that it will

...CHICAGO (S&P Global Ratings) Oct. 18, 2018--S&P Global Ratings today said that it views The E.W. Scripps Co.'s (##-/Stable/--) acquisition of Triton as consistent with the company's national media growth strategy. While we expect that the transaction will have a modestly negative impact on the company's leverage, all of our ratings remain unchanged. Triton is a software-as-a-service (SaaS) digital audio measurement and technology company that audio streaming publishers use to distribute audio streams and insert advertising. The company captures consumer listening data and provides audience measurement data that enable audio publishers and digital audio advertisers to transact. We believe the acquisition is consistent with E.W. Scripps' national media strategy, which includes growing its podcasting business, and expect that it will immediately improve the profitability of the company's national media segment. E.W. Scripps will fund the acquisition with $150 million of cash from its balance...

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