Scripps says that they are making changes and it includes selling off their radio stations.

The company says it will be more streamlined and higher-performing company through comprehensive restructuring and cost reductions.

The company also plans to sell its 34 radio stations and has retained Kalil & Co., Inc. to handle the process.

“Today, Scripps is a dynamic leader in the media industry through its strong local TV station portfolio, its growing multicast network, its national news network and its podcasting business,” Scripps President and CEO Adam Symson said. “The enterprise-wide restructuring positions us well for continued growth while maintaining high-quality journalism as our central focus.”

The says that its annual cost savings are driven by reductions in head count and operating expenses over the next 12-18 months. These include centralization of services and technology; sharing of resources; elimination of redundant positions and services; and other expense reductions.

In other words, layoffs are coming.

“This plan is consistent with our goal to create both short-term and long-term value by improving margins and cash flow in our local media business and supporting the growth of our national businesses,” said Symson.

Funny, nowhere did he say anything about doing better Journalism and strengthening that. It was about saving money and making money.

Welcome to corporate TV