E.W. Scripps’ Deal For ION Media: Payoff For Warren Buffett?
Earlier today, E.W. Scripps announced it has agreed to purchase ION Media for $2.65B.[actvistinvesting]Q2 2020 hedge fund letters, conferences and moreBelow is some commentary on this transaction from Justin Nielson. Justin Nielson is a senior analyst at Kagan, the media research unit of S&P Global Market Intelligence and he focuses on the covering the broadcast and media sectors.E.W. Scripps’ deal for ION Media“First impressions on E.W. Scripps’ deal for ION Media is that it is a transformational acquisition combing the local station and network assets into a nationwide TV platform with a rea...