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

FULTON COUNTY, GEORGIA, JUL 7 – Gray Media and The E.W. Scripps Company will form new duopolies in five markets by swapping stations without cash, aiming to enhance local news and sports coverage, officials said.

  • On July 7, 2025, Gray Media and Scripps announced a station swap across five markets to create new duopolies, pending regulatory approval.
  • The station swap was driven by the goal of creating new duopolies under federal broadcast rules, with no cash exchanged, to enhance market presence and revenue.
  • The swap involves an even exchange of comparable assets with no cash consideration, as both companies coordinate with regulators and stakeholders for approvals and smooth transitions.
  • Gray Media's Lansing and Louisiana station swaps create duopolies, strengthening local competition and regional presence, pending regulatory approval in Q4.
  • The companies plan to close the station swap in Q4, contingent on regulatory waivers of outdated ownership restrictions.
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The Border Mail broke the news in on Monday, July 7, 2025.
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