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Local TV Groups E.W. Scripps And Gray Media Swap Stations In Five Markets
Gray Media and the E.W. Scripps Co., two large 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. The addition to the portfolio add to Scripps’ position in the West, where it owns and operates television stations across Montana, Idaho, Colorado, Utah, Arizona, Nevada and California. “We are very pleased to be executing a successful set of station swaps with Scripps that brings great value to both companies,” said Gray President and Co-CEO Pat LaPlatney, in a statement.
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