Scripps Buys Midroll Media

(RTTNews) - E.W. Scripps Co. (SSP) said Wednesday that it has bought Midroll Media, a five-year-old Los Angeles-based company that creates original podcasts and operates a network that generates revenue for more than 200 shows, including "StartUp" and "Nerdist."

Terms of the deal were not disclosed.

Midroll Media CEO Adam Sachs, along with the rest of the leadership team, will remain at the helm of the company. He and the company's two co-founders, comedian/TV personality Scott Aukerman and entrepreneur Jeff Ullrich, said they were enticed by Scripps' focus on high-quality content and its enthusiasm for podcasting as a growing digital media platform.