SSP · The E.W. Scripps Company

The E.W. Scripps Company closed its previously announced stations swap with Gray Media, Inc. on May 15, 2026, marking a strategic realignment of its local TV station portfolio. Scripps acquired three key assets from Gray: KKTV (CBS) in Colorado Springs, Colorado; KKCO (NBC) and low power KJCT-LP (ABC) in Grand Junction, Colorado; and KMVT (CBS) with low power KSVT-LD (Fox) in Twin Falls, Idaho. In exchange, Gray received Scripps' WSYM (Fox) in Lansing, Michigan, and KATC (ABC) in Lafayette, Louisiana. The transaction structure ensures an even exchange of comparable assets, eliminating any cash outlay and preserving Scripps' balance sheet liquidity.

This swap enhances Scripps' market depth in the Mountain West region, particularly strengthening its positions in Colorado Springs and Twin Falls where it already operates stations, while entering the Grand Junction market. CEO Adam Symson emphasized the economic durability this scale provides, supporting sustained public service commitments like local news, emergency alerts, weather, and sports coverage. The move aligns with Scripps' strategy of balancing scale and localism to maintain trusted community voices. As one of the largest U.S. local TV broadcasters with about 60 stations in 40 markets, this transaction refines Scripps' footprint across mid-sized and small markets without financial strain.