Press Releases August 1, 2026 09:15 AM

Scripps completes acquisition of WTVQ in Lexington

E.W. Scripps Company strengthens local media presence in Lexington with acquisition of WTVQ ABC affiliate

By Derek Hwang
Share
Twitter Reddit Facebook LinkedIn
SSP

The E.W. Scripps Company has completed the acquisition of WTVQ, the ABC affiliate in Lexington, Kentucky, from Morris Network for $15.8 million. This acquisition creates a duopoly with Scripps' existing NBC affiliate WLEX, enhancing its market presence in Central Kentucky. The move aligns with Scripps' ongoing strategy to optimize its local television portfolio through acquisitions, divestitures, and station swaps, including recent sales generating $123 million and a station swap with Gray Media to expand in the Mountain West.

Scripps completes acquisition of WTVQ in Lexington
SSP
Summarize with
ChatGPT Perplexity Claude Grok Gemini

Key Points

  • Scripps acquired WTVQ, ABC affiliate in Lexington, KY, for $15.8 million, creating a duopoly with WLEX.
  • The acquisition enhances Scripps’ local media footprint in Central Kentucky.
  • Scripps continues portfolio optimization including recent station sales generating $123 million and a station swap with Gray Media.
  • This affects the media and broadcasting sector, particularly local TV markets in Kentucky and Mountain West regions.

CINCINNATI, Aug. 01, 2026 (GLOBE NEWSWIRE) -- The E.W. Scripps Company (NASDAQ: SSP) has completed its previously announced acquisition of WTVQ, the ABC affiliate in Lexington, Kentucky, from Morris Network, Inc. for $15.8 million. The acquisition creates a duopoly in Lexington with Scripps’ existing NBC affiliate, WLEX, strengthening the company’s local media presence in Central Kentucky.

The completion of the WTVQ acquisition is part of Scripps’ broader strategy to optimize and strengthen its local television portfolio through strategic acquisitions, divestitures and station transactions. This year, Scripps has completed sales of WFTX in Fort Myers, Florida, and WRTV in Indianapolis, generating combined gross proceeds of $123 million. The company also recently completed a station swap with Gray Media that expanded Scripps’ presence in the Mountain West.

Media contact: Becca McCarter, The E.W. Scripps Company, (513) 410-2425, [email protected]

Investor contact: Carolyn Micheli, The E.W. Scripps Company, (513) 977-3732, [email protected]

About Scripps
The E.W. Scripps Company (NASDAQ: SSP) is a diversified media company focused on creating connection. As one of the nation’s largest local TV broadcasters, Scripps serves communities with quality, objective local journalism and operates a portfolio of about 60 stations in 40 markets. Scripps reaches households across the U.S. with national news outlet Scripps News and popular entertainment brands ION, Bounce, Grit, ION Mystery, ION Plus and Laff. Scripps is the nation’s largest holder of broadcast spectrum. Scripps Sports serves professional and college sports leagues, conferences and teams with local market depth and national broadcast reach of up to 100% of TV households. Founded in 1878, Scripps is the steward of the Scripps National Spelling Bee, and its longtime motto is: “Give light and the people will find their own way.”


Risks

  • Integration challenges in managing a duopoly and ensuring operational efficiency.
  • Market competition in local broadcasting could impact revenue growth in Lexington.
  • Dependence on advertising revenues, which can be influenced by economic conditions affecting local businesses and media spending.

More from Press Releases

Bitdeer Announces Second Quarter 2026 Earnings Conference Call for August 10th 2026 Aug 1, 2026 NIO Inc. Provides July 2026 Delivery Update Aug 1, 2026 Li Auto Inc. July 2026 Delivery Update Jul 31, 2026 Anfield Energy Closes US$6.9 million Underwritten Public Offering Jul 31, 2026 Avista Makes Annual Price Adjustment Filings in Idaho Jul 31, 2026