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E.W. Scripps buying provider of digital audio technology, measurement services

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.