Core Viewpoint - The E.W. Scripps Company has agreed to sell its local Fox-affiliated station WFTX in Fort Myers, Florida, to Sun Broadcasting for $40 million, aiming to reduce debt and improve its financial profile [1][2][3] Company Overview - The E.W. Scripps Company is a diversified media entity and one of the largest local TV broadcasters in the U.S., operating over 60 stations across more than 40 markets [5][6] - Scripps provides quality local journalism and operates national news outlets such as Scripps News and Court TV, along with entertainment brands like ION and Bounce [5][6] Transaction Details - The sale of WFTX is expected to close in the fourth quarter of 2025, pending regulatory approvals, and does not require any changes to current television station ownership rules [2] - The cash from the sale will be utilized to pay down the company's debt, as stated by Scripps President and CEO Adam Symson [2][3] Strategic Rationale - The decision to sell WFTX is part of Scripps' evaluation of its business strategies, ensuring that the station is in the hands of owners who can best serve the local community [3] - This transaction follows a previously announced agreement to swap stations with Gray Media in five mid-sized and small markets, which is currently under federal review [3]