Scripps and Gray Media swap TV stations in five markets; no cash consideration

E.W. SCRIPPS Co

Scripps acquires Gray's KKTV (CBS) Colorado Springs, KKCO (NBC)/KJCT-LP (ABC) Grand Junction, KMVT (CBS)/KSVT-LD (Fox) Twin Falls.
Gray acquires Scripps' WSYM (Fox) Lansing and KATC (ABC) Lafayette.
Even exchange of comparable assets; no cash changes hands between the companies.
Transaction expected to close Q4 2025, subject to regulatory approvals and waivers.

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