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Gray Media and Scripps swap TV stations in five markets to boost local news, pending regulatory approval.
Gray Media and Scripps have agreed to swap television stations in five markets, creating new duopolies to strengthen their financial positions and enhance local news and sports programming.
Gray will acquire Scripps' WSYM in Lansing, Michigan, and KATC in Lafayette, Louisiana, while Scripps will take Gray's KKTV in Colorado Springs, KKCO and KJCT-LP in Grand Junction, Colorado, and KMVT and KSVT-LD in Twin Falls, Idaho.
The swap, expected to close in the fourth quarter, aims to increase local news coverage and is subject to regulatory approvals.
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Gray Media y Scripps intercambian estaciones de televisión en cinco mercados para impulsar las noticias locales, a la espera de la aprobación reguladora.