Scripps launches cost cutting, AI integration in latest effort to generate earnings growth [CNBC]
E.W. Scripps Company (The) - Class A (SSP)
Last e.w. scripps company (the) - class a earnings: 11/8 07:30 am
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Source: CNBC
Scripps will go through a number of cost savings and revenue growth measures that lean on technology, namely AI, CNBC can exclusively report. CEO Adam Symson said in an interview the changes are intended to alleviate journalists from administrative tasks, but not replace them with AI. In this article FILE PHOTO: E.W. Scripps Co. signage is displayed on a monitor on the floor of the New York Stock Exchange (NYSE) in New York, U.S., on Friday, June 3, 2016. Michael Nagle | Bloomberg | Getty Images E.W. Scripps is setting into motion what it calls a transformation plan for the broadcast station company — intended to generate growth for both earnings and its local TV stations. The company plans to announce Wednesday that it's targeting growth of between $125 million and $150 million in annual enterprise earnings before interest, taxes, depreciation and amortization by 2028. In order to get there, Scripps will go through a number of cost savings and revenue growth measures tha
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