Mónica Ortega Holcomb and Raymundo Granado Jr. nominated for EW Scripps board of directors
Hispanic leadership continues to strengthen at the corporate level in the United States.
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EW Scripps, one of the nation's largest local television stations serving communities with quality, objective local journalism, recently announced that it has nominated two leading Latino CEOs, members of the Scripps family, for election of its board of directors.
Founded in 1878 by enterprising journalist E.W. Scripps, this company has a long legacy of innovation and an unwavering commitment to journalism, a philosophy in which it seeks to create value for customers, employees, and owners by informing, engaging, and empowering those they serve.
If the nominations of Mónica Ortega Holcomb and Raymundo Granado Jr., both members of the Latino Corporate Directors Association (LCDA), are approved, EW Scripps would become one of the few Fortune 1000 companies with two Hispanics on its board of directors.
Granado and Holcomb have been appointed to replace Anne La Dow and Michael Scagliotti, respectively, who have informed the company they will leave the board when their terms expire this month.
While La Dow has been a member of Scripps' board of directors since 2012, Scagliotti is retiring from the board after six years of service. Both, the outgoing and incoming leaders, are great-great-grandchildren of the company's founder.
Holcomb, now 48, is a founding director of the Scripps Family Impact Fund and a founding member of the Adam R. Scripps Foundation's charitable advisory board.
In addition, she has served as a director of Miramar Services Inc. since 2019, and is chair of its vision statement committee.
Congratulations to Monica Ortega Holcomb who was appointed to #Fortune962 @EWScrippsCo (NASDAQ:SSP).#LCDAOnTheRise #LatinaLeaders pic.twitter.com/4D8V3rXhZT— Latino Directors (@LatinoDirectors) May 12, 2023
About Granado Jr.
Renowned as a private investor and philanthropist, Granado, 43, has spent his career working with businesses, non-profit organizations and foundations that invest in social impact and volunteerism.
He has served since 2020 as a board member of RightGift, a benefits corporation and technology platform serving nonprofit organizations, and as a trustee of the Scripps Howard Fund since 2019.
Granado has also been a director of the Scripps Family Impact Fund and secretary of the board since the organization's inception in 2018, as well as a founding member of the Adam R. Scripps Foundation charitable advisory board.
Congratulations to Raymundo Granado Jr. who was appointed to #Fortune962 @EWScrippsCo (NASDAQ:SSP).#LCDAOnTheRise #LatinoLeaders pic.twitter.com/c1TyoM0E6j— Latino Directors (@LatinoDirectors) May 12, 2023
Earlier this year, Scripps launched a reorganization of the company that is expected to generate at least $40 million in annual savings by leveraging the company's strong position in the U.S. television industry and fueling its growth in emerging media markets.
As part of this strategy, Scripps and Nexstar, in collaboration with HPE and Sony, have created an ATSC 3.0 core network to lay the foundation for leveraging the new TV standard to create new data transmission opportunities.
According to independent BIA Kelsey estimates presented by Scripps, the local broadcast industry data transmission opportunity currently represents a growing business of more than $10 billion by 2030.
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