E.W. Scripps acquires video news service Newsy for $35 million

Old News, meet New News: E.W. Scripps has announced that it will acquire video-journalism-for-hire startup Newsy for $35 million, with the deal expected to be finalized by January of next year. Newsy has made a name for itself by producing news videos alongside content for websites like the Huffington Post, Mashable and Microsoft, essentially providing a broadcast news team on commission. That strategy will be used to provide video content for the digital versions of the many daily papers E.W. Scripps still owns across the country, a needed service as local papers struggle to keep up online.