Facing a challenging financial ad environment, E.W. Scripps is shuttering its over-the-air news network Scripps News, based out of Buckhead offices in Atlanta, next month.
About 200 people are going to be laid off by Nov. 15.
CEO Adam Symson blamed the cuts on financial challenges, noting "the prospects for the necessary revenue growth haven't materialized," since the company launched the channel.
"Scripps News' current financial position is what has led me to the decision to scale back our approach to 24-hour news and over-the-air coverage," he said.
In a note, Symson said the 24/7 over-the-air broadcast news channel will be winding down by November 15.
The unit's core reporting team that's based primarily in Washington will serve Scripps' local stations' news operations.
Following the layoffs, roughly 50 Scripps News staffers will remain with the company to contribute coverage for the firm's local broadcast stations across the country.
Symson said Scipps will prioritize field reporting, political coverage, investigative reporting and digital and social media.