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E.W. Scripps Jumps 8% On Warren Buffett-Backed ION Media Deal

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E.W. Scripps Jumps 8% On Warren Buffett-Backed ION Media Deal

Shares of TV station owner E.W. Scripps jumped 7.6% on Thursday after confirming the acquisition of broadcast network ION Media for $2.65 billion. As part of the deal, billionaire investor Warren Buffett-led Berkshire Hathaway will make a preferred equity investment of $600 million in Scripps. In exchange, Berkshire will receive a warrant to purchase 23.1 […]

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E.W. Scripps Jumps 8% On Warren Buffett-Backed ION Media Deal

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E.W. Scripps Jumps 8% On Warren Buffett-Backed ION Media Deal

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