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Parent Company of KOAA Enters Station Swap Agreement with Gray Media, to Acquire KKTV

  • On July 7, 2025, Gray Media and Scripps announced a station swap across five markets, creating new duopolies for each group.
  • Motivated by the goal to create new duopolies for revenue, the station swap involves an asset exchange with no cash consideration, permitted under federal broadcast ownership rules.
  • The swap involves an equal exchange of comparable assets without cash, with both companies coordinating with regulators and stakeholders for approval and smooth completion.
  • Gray Media's Lansing and Lafayette station swaps will create duopolies in key markets, enhancing regional market presence amid ongoing industry consolidation risks.
  • The stations swap is expected to close in Q4 2025, contingent on regulatory waivers of outdated ownership restrictions and approval processes.
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The Border Mail broke the news in on Monday, July 7, 2025.
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