Broadcaster E.W. Scripps has nominated three new members for its board of directors.
Among them is Peter Thompson, current chief operating officer at TiVo. Thompson has worked for Sonos, Microsoft and previously served as senior VP of the TV and media division at Ericsson.
Also up for a spot on the board is Adam Symson, E.W. Scripps’ former chief digital officer who was promoted to chief operating officer of Scripps in November. Symson is in line to replace current E.W. Scripps CEO and President Rich Boehne when he retires later this year. Boehne will remain as chairman of the board, according to a news release.
The third nominee, R. Michael Scagliotti, is the great-great grandson of the company's founder and will replace the retiring Mary McCabe Peirce.
Peirce announced her retirement earlier this year after serving on the board as a director since 2008.
All three nominees will stand for election at the Scripps shareholder annual meeting on May 2.
The changes on the board come shortly after the company reported fourth-quarter TV segment revenues that climbed 37%.
For the quarter, the company’s TV segment revenues hit $233 million, up $62.7 million from the year-ago quarter. That jump was driven by increases in retransmission revenue, which rose 69% to $60.5 million, and advertising revenue that was boosted by the election year.
Broken down, Scripps took in $80 million in local advertising, down 11.3%; $32.8 million in national advertising, down 14.5%; and $56.2 million in political advertising, well ahead of the $2.1 million from the year-ago quarter.
The 12% decrease in core local and national advertising revenue during the quarter was partially due to displacement from political advertising.