Gray and Scripps to Swap Stations and Create More Duopolies

Grey Media and The E.W. Scripps Firm will swap stations throughout 5 mid-sized and small markets, ensuing within the creation of latest duopolies for every group. Grey will purchase Scripps’ Lansing, Michigan Fox affiliate WSYM (DMA 113), and KATC (ABC) in Lafayette, Louisiana (DMA 125). The acquisition of WSYM will create a duopoly in Lansing, the place Grey owns WILX (NBC).“We’re more than happy to be executing a profitable set of station swaps with Scripps that brings nice worth to each firms,” mentioned Grey president and Co-CEO Pat LaPlatney. “At Grey, because of the strategic nature of those two acquisitions and the advantages to our operations, we anticipate increasing the information workers and hours of dwell native newscasts on each stations quickly after closing the acquisitions.”Scripps will get Grey’s Colorado Springs, Colorado CBS affiliate KKTV (DMA 86), the place Scripps owns KOAA (NBC); KKCO (NBC) and low energy station KJCT-LP (ABC) in Grand Junction, Colorado (DMA 187); and KMVT (CBS) and low energy station KSVT-LD (Fox) in Twin Falls, Idaho (DMA 189), the place Scripps owns low energy station KSAW-LD (ABC).