Scripps sells podcasting business to SiriusXM

Television. station owner E.W. Scripps Co. is selling its podcast business Stitcher to SiriusXM for $325 million. Scripps says that the “figure is a return of more than double Scripps’ investment in podcasting over the last five years.” “As a result of this transaction, Scripps is improving our leverage ratio through higher company EBITDA and […]