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NewsyOur congratulations to Newsy, the digital video news service based in Columbia, Mo., which was acquired by E.W. Scripps yesterday for $35 million. Available on the Web and mobile devices, Newsy allows users to compare news sources from around the world to see how a story unfolds. Newsy provides its multi-sourced, multi-platform news and original content to AOL/Huffington Post, Mashable, MSN News and other news platforms.

"Newsy adds an important dimension to our video news strategy. It's a next-generation news network designed and built exclusively for digital audiences," said Rich Boehne, Scripps chairman, president and CEO, in a statement. "Newsy's uncommon approach to curation and storytelling has helped it build a strong national brand, which fits well with both our current media assets and our ambitions to further develop digital media businesses."

Newsy, the Donald W. Reynolds Journalism Institute and the Missouri School of Journalism have partnered on various projects since Newsy's founding five years ago by Jim Spencer, president of Newsy and a 1991 graduate of the Missouri School of Journalism.

"We've always been proud of the energy and enthusiasm that Newsy has brought to the evolving journalism landscape but today we couldn't be prouder," said Randy Picht, executive director of RJI.

RJI received a small equity stake in Newsy as part of the agreement that brought the company to Columbia.

In an RJI interview earlier this year, Newsy's Spencer said, "If the right opportunity is created, it can all be done right here in Columbia, Mo. You don't have to be in New York, San Francisco or Beijing to have innovative success. It was obvious to me that this type of success, in the journalism realm, could only be found in the center of the country, where the best journalism school can be found."

Added Spencer, "RJI has helped Newsy evolve by functioning as a global magnet, attracting people interested in the future of journalism from around the world. RJI's entrepreneurial vantage point has allowed itself to be open to perspectives from the industry that have led to such great innovation. Newsy is trying to create a model and a success story showing how RJI and the Missouri School of Journalism are instrumental in determining the future of journalism."

Newsy's employees and operations will remain in Columbia. E.W. Scripps, based in Cincinnati, Ohio, owns 19 television stations and newspapers in 13 markets across the U.S.



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