E.W. Scripps Company Says Role Of COO, Currently Held By Lisa Knutson, Will Be Eliminated At The End Of The Year - Filing
Portfolio Pulse from Benzinga Newsdesk
E.W. Scripps Company announced that the role of COO, currently held by Lisa Knutson, will be eliminated at the end of the year. Ms. Knutson will receive payments and benefits under the company's Executive Severance Plan, as well as a one-time benefit of $140,400 for medical insurance premiums.
August 12, 2024 | 8:29 pm
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E.W. Scripps Company is eliminating the COO role, currently held by Lisa Knutson, at the end of the year. This move may indicate a restructuring effort aimed at cost savings or operational efficiency.
The elimination of the COO role suggests a significant organizational change. While this could lead to cost savings, it may also indicate internal restructuring. The market reaction could be neutral as investors await further details on the company's strategic direction.
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