Old Media Scripps Buys Newsy for Digital Video Platform
December 17, 2013
An article on TechCrunch titled Scripps Buys Newsy For $35M to Expand from TV and Newspapers to Digital Video explains the acquisition of Newsy, the media startup that is a digital video news platform, by Scripps, the TV and newspaper magnate. A Youtube video heralds the subsidization of Newsy, which should be made final in the beginning of 2014.
The article explains:
“This is about Scripps… buying an asset that gives it a digital video component to complement its existing TV and online services — effectively a bridge between the three areas where it already does business if you also count newspapers. It also gives the company access into an audience that consumes their news (and video) on devices like tablets, and has largely turned away from some of those more traditional platforms where Scripps still bases a majority of its business.”
Old media is on the move (quite old, Scripps was founded in 1879.) The company spent 35M on the acquisition, which it believes will bring them into the next generation of digital audiences. Newsy’s ad-supported videos are presently sent through web, mobile, tablet and certain TV platforms. The article suggests that the partnership Newsy had with AOL, Microsoft and Mashable may continue, but the companies haven’t announced their plans yet.
Chelsea Kerwin, December 17, 2013
Sponsored by ArnoldIT.com, developer of Augmentext
Comments
-
- Subscribe to Beyond Search
Feature archive
News archive
-
