Triton Digital being acquired by… Scripps?

With many of the streaming services no longer around, and with iHeart in bankrupcy and the Music Modernization Act rewriting how musicians are paid, Triton Digital, one of the largest provider of audio streaming is changing hands. Scripps (formerly half of Scripps Howard, the Newspaper and TV conglomerate) is acquiring Triton for $150 million in cash. Scripps has been unloading its radio properties, so this deal makes very little sense. Something must be going on behind the scenes with taxes or foreign ownership

Any ideas?

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