E.W. Scripps completes acquisition of WTVQ in Lexington

The E.W. Scripps (SSP) Company has completed its previously announced acquisition of WTVQ, the ABC affiliate in Lexington, Kentucky, from Morris Network for $15.8M. 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 $123M. The company also recently completed a station swap with Gray Media that expanded Scripps’ presence in the Mountain West.

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E.W. Scripps completes acquisition of WTVQ in Lexington

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