May 20, 2021 / 01:30PM GMT
Laura Martin - Needham & Company, LLC - Senior Analyst
Good morning, and welcome to Needham's 16th Annual Internet & Media Conference. I'm Laura Martin, and I'm with Needham. I'm here today with Adam Symson, who is the CEO of E.W. Scripps. So, welcome, Adam. Thank you for coming to my stage.
Adam Symson - The E.W. Scripps Company - President and CEO
Thank you. Good morning. Thanks for having us.
Laura Martin - Needham & Company, LLC - Senior Analyst
Thank you. So let's start here with strategy. You are my favorite media strategist. So, let's start. While others were sleeping during COVID, you exited the audio business, which is the opposite of what everyone else seems to be doing by selling your podcast and digital audio investments. You sold Stitcher to Sirius for $325 million and Triton to iHeartMedia for $230 million. Very good sales prices.
Then you turned around, and you bought ION Networks and then combined it with your fast -- your fast five, which sounds like -- it sounds like a feature
E. W. Scripps Co at Needham Technology & Media Conference (Virtual) Transcript
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