Scripps CEO confirms broadcaster is selling Bounce TV network
The logo of the Bounce TV network.
The chief executive of the E. W. Scripps Company has confirmed the broadcaster’s intentions to sell off its Black-centric network Bounce TV.
In a statement that accompanied a routine financial earnings disclosure on Thursday, Scripps CEO Adam Symson confirmed the broadcaster is “progressing nicely with our efforts to sell the Bounce TV network,” as well as certain unspecified non-strategic real estate assets.
CNBC previously reported Scripps had tapped an investment banker to explore the sale of Bounce TV, which it acquired with three other digital multicast networks as part of its purchase of Katz Broadcasting in 2017.
Bounce operates as a digital multicast network that is available on broadcast television stations across the country. A companion free, ad-supported streaming TV (Fast) channel called Bounce Xl is available on platforms like Pluto TV, Xumo Play and Tubi, and simulcasts nearly all the same shows as the Bounce TV network,...
The chief executive of the E. W. Scripps Company has confirmed the broadcaster’s intentions to sell off its Black-centric network Bounce TV.
In a statement that accompanied a routine financial earnings disclosure on Thursday, Scripps CEO Adam Symson confirmed the broadcaster is “progressing nicely with our efforts to sell the Bounce TV network,” as well as certain unspecified non-strategic real estate assets.
CNBC previously reported Scripps had tapped an investment banker to explore the sale of Bounce TV, which it acquired with three other digital multicast networks as part of its purchase of Katz Broadcasting in 2017.
Bounce operates as a digital multicast network that is available on broadcast television stations across the country. A companion free, ad-supported streaming TV (Fast) channel called Bounce Xl is available on platforms like Pluto TV, Xumo Play and Tubi, and simulcasts nearly all the same shows as the Bounce TV network,...
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