E.W. Scripps Co. is buying Triton, a provider of digital audio technology and measurement services, for $150 million.
The transaction, a stock acquisition, will be immediately accretive to Scripps margins, the company said Oct. 17.
Triton co-founder and CEO Neal Schore and his management team will continue to lead Triton. The transaction is set to close before the end of 2018.
Moelis & Co. served as financial adviser to Triton for the transaction.