Scripps Extends CEO Symson Contract to 2029, Pursues $125–150M EBITDA Uplift
E.W. Scripps board approved a new contract for CEO Adam P. Symson through December 31, 2029, replacing his prior deal set to expire in 2027. Under his leadership, Scripps scaled its connected-TV networks to over $100 million revenue and launched a plan boosting EBITDA by $125–150 million by 2028.
1. Board approves new CEO contract
The E.W. Scripps Company board voted to extend CEO Adam P. Symson’s employment agreement through December 31, 2029, replacing the prior five-year contract that would have expired at the end of 2027. This extension underscores the board’s confidence in his leadership through upcoming strategic initiatives.
2. Connected-TV networks expansion
Since launching Scripps Sports in December 2022 and acquiring the ION Network, Symson has driven Scripps Networks to exceed $100 million in annual connected-TV revenue, securing carriage on key streaming platforms and establishing double-digit growth trajectories.
3. EBITDA improvement plan details
In February, Scripps unveiled a transformation plan under Symson’s direction aiming to increase annualized enterprise EBITDA by $125–150 million by 2028 through growth initiatives, AI and automation integration, and operational efficiencies across its broadcasting and digital assets.