AcquisitionsAug 1, 2026, 09:16 AM
Scripps Completes WTVQ Acquisition for $15.8M
AI Summary
The E.W. Scripps Company has completed its previously announced acquisition of WTVQ, the ABC affiliate in Lexington, Kentucky, for $15.8 million. This strategic move creates a duopoly in Lexington with Scripps' existing NBC affiliate, WLEX, enhancing its local media presence. The acquisition aligns with Scripps' broader strategy to optimize its local television portfolio, which also included the sale of WFTX and WRTV for $123 million and a station swap with Gray Media.
Key Highlights
- Completed acquisition of WTVQ, the ABC affiliate in Lexington, Kentucky, for $15.8 million.
- Creates a duopoly in Lexington with Scripps' existing NBC affiliate, WLEX.
- Sold WFTX (Fort Myers) and WRTV (Indianapolis) for combined gross proceeds of $123 million.
- Completed a station swap with Gray Media, expanding presence in the Mountain West.
- Acquisition is part of a strategy to optimize and strengthen the local television portfolio.
- Scripps operates approximately 60 stations in 40 markets across the U.S.
Price Impact
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