E.W. Scripps cuts 12% of staff and bets on AI to transform local TV news

E.W. Scripps CEO Adam Symson briefed Wall Street analysts on Friday about a "transformation plan" that includes cutting 12% of the company's total workforce. The layoffs are concentrated at local TV stations, which are shifting to a 24-hour AI-enabled streaming news model. Symson described artificial intelligence as a revolution reshaping local television news.