The E.W. Scripps Company has completed its acquisition of WTVQ, the ABC affiliate in Lexington, Kentucky, from Morris Network for $15.8 million. The deal creates a duopoly with Scripps' existing NBC affiliate WLEX, strengthening its local media presence in Central Kentucky. The acquisition is part of Scripps' broader strategy to optimize its local television portfolio through strategic acquisitions, divestitures, and station transactions. This year, Scripps has completed sales of WFTX in Fort Myers and WRTV in Indianapolis, generating combined gross proceeds of $123 million, and recently completed a station swap with Gray Media that expanded its presence in the Mountain West.
E. W. Scripps Co Class AScripps completes acquisition of WTVQ, creating a duopoly and strengthening local media presence.
Gray Television IncMorris Network sells WTVQ for $15.8 million, completing the transaction.