The E.W. Scripps Company will restructure and reorganize to create a more nimble company to further leverage its strong position in the U.S. television ecosystem and propel its growth across new distribution platforms and emerging media marketplaces. Effective immediately, Lisa Knutson, who served as president, Scripps Networks, will assume the role of chief operating officer. She will lead the company's restructuring and is taking over responsibility for the
company's operating results. The leaders of Local Media and Scripps Networks will report to her. Her restructuring work has three key objectives: To improve company operating performance by forming an agile, responsive organizational structure; To realize synergies between existing operations; and To create an organizational structure where employees can move seamlessly throughout the company. The reorganization is aimed at best positioning the company to perpetuate and grow amidst great change in the television industry by facilitating the deployment of capital, resources and effort against the company's greatest strategic opportunities, particularly in three growth areas: The enduringly popular content categories of news and sports û to complement Scripps' strong entertainment brands; The wide range of television distribution platforms available and to come; and The rapidly emerging marketplace driven by ATSC 3.0.