"Media CEOs React to Impact of New Sports Streaming Ventures"

EW Scripps CEO Adam Symson believes that Wall Street's reaction to the new sports joint venture is overblown, as investors seem to be overlooking the inclusion of local ABC and Fox affiliates in the new bundle. He stated that affiliates will be compensated for being carried along and that the joint venture will work collaboratively with all local broadcast affiliate partners. Symson also expressed skepticism about the potential success of the new bundle, suggesting that a smaller bundle at a price of $40 or $50 per month probably won't have a large audience, and that sports fans won't be satisfied with a partial offering.