Scripps appoints new treasurer

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May 07, 2015, 02:00 ET

CINCINNATI, May 7, 2015 /PRNewswire/ -- The E.W. Scripps Company (NYSE: SSP) has expanded the role of one of its long-time financial executives. Doug Lyons, who has been vice president and controller for Scripps since July 2008, effective today also becomes the company's treasurer.

Tim Wesolowski, senior vice president and chief financial officer, had previously also served as treasurer.

As treasurer, Doug will focus on short- and long-term financing, cash management, benefit asset management and financial risk management. In his role as controller, Doug will continue to lead the accounting team, including all external financial reporting. Lyons will continue to report to Wesolowski.

"Doug's vast knowledge of the company's financial reporting structure is a tremendous asset," said Wesolowski. "He joined Scripps back in 1985 and has led our accounting department through financial transformations and complex transactions including acquisitions, divestitures and two company spin-offs. He also is leading the way as we transform the company's accounting tools and processes to allow for the accounting and finance teams to be more strategic business partners. Doug's knowledge of the company has been invaluable to me and to our leadership team."

Prior to his position as controller, Lyons served as director of financial reporting and vice president of finance and administration for the interactive media division. Before joining Scripps, he was an audit manager for Deloitte.

Lyons graduated from the University of Dayton with a Bachelor of Science degree in accounting. He serves as a member of the School of Business Advisory Council at the University of Dayton. He is a certified public accountant in the state of Ohio.

About Scripps

The E.W. Scripps Company serves audiences and businesses through a growing portfolio of television, radio and digital media brands. Scripps is one of the nation's largest independent TV station owners, with 33 television stations in 24 markets and a reach of nearly one in five U.S. households. It also owns 34 radio stations in eight markets. When Scripps and the former Journal Communications merged their broadcast assets in early 2015, they also spun off their respective newspapers, creating a new public company, Journal Media Group. Scripps also runs an expanding collection of local and national digital journalism and information businesses, including mobile video news service Newsy and weather app developer WeatherSphere. Scripps also produces television shows including The List and The Now, runs an award-winning investigative reporting newsroom in Washington, D.C., and serves as the long-time steward of the nation's largest, most successful and longest-running educational program, the Scripps National Spelling Bee. Founded in 1878, Scripps has held for decades to the motto, "Give light and the people will find their own way."

SOURCE The E.W. Scripps Company