What is Scripps?
Founded in 1878 and headquartered in Cincinnati, Ohio, E.W. Scripps operates across a diverse spectrum of media platforms. The company is dedicated to sharing news, information, and entertainment through digital audio, radio networks, cable and satellite television, and various digital channels. Its long-standing history and broad reach position it as a key player in the American media broadcasting sector, adapting to evolving consumer habits and technological advancements.
How much funding has Scripps raised?
Scripps has raised a total of $800M across 1 funding round:
Debt
$800M
Debt (2020): $800M with participation from Morgan Stanley, Wells Fargo, Truist Securities, J.P. Morgan, and BofA Securities
Key Investors in Scripps
Morgan Stanley
Morgan Stanley is a leading global financial services firm providing a wide range of investment banking, securities, wealth management and investment management services. Their involvement suggests a focus on the financial structuring and strategic growth of E.W. Scripps.
Wells Fargo
Wells Fargo is a leading U.S. financial services firm offering banking, lending, investment, and mortgage solutions. Their participation indicates a significant debt or credit facility, supporting E.W. Scripps's operational and expansionary needs.
J.P. Morgan
JPMorgan Chase & Co. is a global financial services firm specializing in investment banking and financial services. Their backing of E.W. Scripps highlights confidence in the company's market strategy and financial stability.
What's next for Scripps?
The recent major strategic investment signals a pivotal moment for E.W. Scripps, likely enabling further expansion and innovation across its media properties. This enterprise-level funding is expected to bolster its digital audio, radio, and television broadcasting capabilities, as well as enhance its digital platform offerings. The company is poised to leverage this capital to strengthen its market position and pursue new growth opportunities in the competitive media industry.
See full Scripps company page
