Scripps agrees to purchase WTVQ in Lexington, Kentucky, from Morris Network, Inc. for $15.8 million

Core Insights - The E.W. Scripps Company has agreed to acquire WTVQ, the ABC affiliate in Lexington, Kentucky, for $15.8 million, creating a duopoly with its existing NBC affiliate, WLEX [1] - This acquisition is part of Scripps' strategy to enhance its local television portfolio and strengthen its presence in the Lexington market [2][3] Group 1: Acquisition Details - The acquisition of WTVQ is aimed at deepening Scripps' commitment to the Lexington market, allowing for increased local journalism and community connection [2] - The transaction is subject to federal regulatory approvals, and in the interim, Scripps will provide programming and marketing services for WTVQ [2] Group 2: Strategic Moves - The purchase follows recent strategic actions by Scripps, including the sale of WFTX in Ft. Myers and an upcoming sale of WRTV in Indianapolis [3] - Scripps has also re-acquired 23 ION-affiliated stations for approximately $54 million, which is expected to enhance the profit and margin of its Networks division [4]