Scripps CEO Adam Symson briefed Wall Street analysts Friday on the company’s “transformation plan,” which has entailed cutting 12% of its total workforce amid an embrace of AI. The layoffs, mostly at the company’s local TV stations, come as the company adopts a 24-hour streaming news model enabled by artificial intelligence. During the company’s second-quarter earnings call, Symson described a “revolution” in the way the company generates local news programming. Broadcasters of all sizes, especially local station owners, have been battling cord-cutting and coping with ongoing audience and advertiser shifts away from linear viewing. Amid the bigger headlines about job cuts and technology, Symson also joined other station leaders in hailing the FCC’s vote Thursday to eliminate the federal cap on local TV station ownership.