Call it profiteering. Or, have investors sniffed out a deficiency in what appears to be a solid Q3 report from The E.W. Scripps Co.
The former owner of radio stations, which is doubling down on TV with its recently announced half billion-dollar acquisition of 15 Cordillera Communications, on October 17 revealed that it is purchasing Triton, a top tech provider serving the audio media industry, for $150 million.
Is Scripps spending money a bit too fast?