Atlanta, Georgia-based Scripps News, a news channel, has announced the closure of its 24/7 national, over-the-air broadcast news channel as the company concentrates on its streaming and digital platforms.
The closure will impact 290 employees.
According to CEO Adam Symson, "Amidst an already difficult linear television advertising marketplace, many brands and agencies have decided that advertising around national news is just too risky for them given the polarized nature of this country, no matter the accolades and credentials a news organization like Scripps receives for its objectivity. I vehemently disagree, but it is hurting Scripps News, along with every other national linear and digital news outlet. The prospects for the necessary revenue growth haven't materialized since the company launched the channel."
"This is not the end of Scripps News as an important part of our company. We expect approximately 50 Scripps News staff members will remain to report for our local news audiences and produce the streaming and digital content, all under the Scripps News brand. We will prioritize field reporting, our strong political coverage, investigative reporting and our digital and social media presence. This company has a long history of national reporting for local audiences, and Scripps News will continue to connect our viewers to the important events and ideas outside of their communities.”
Change is coming. There will always be a tomorrow, no matter how much you may try to ignore it. There are no guarantees in life or promises for a bright future. We see good people being laid off through no fault of their own. Just because something terrible hasn't happened yet doesn't mean it won't. It can happen to anyone, anytime, anywhere. No one is guaranteed to wake up tomorrow and still have a job by evening. While many employees can read the writing on the wall, why do most assume it’s targeted at someone else? Are you now wondering, Am I Next?