Local TV Groups E.W. Scripps And Gray Media Swap Stations In Five Markets

Local TV Groups E.W. Scripps And Gray Media Swap Stations In Five Markets

Gray Media and the E.W. Scripps Co., two of the largest U.S. owners of local TV stations, have engineered a swap of stations in five small and mid-sized markets. The move will create new duopolies, coveted sources of extra revenue within a single market allowed under federal broadcast ownership rules, for each company. Gray will acquire WSYM, a Fox affiliate in Lansing, MI; and KATC, an ABC station in Lafayette, LA. Taking over WSYM will giv…