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Scripps Completes Its Morris Deal In Lexington
['Adam Jacobson', 'Adam R Jacobson Is A Veteran Radio Industry Journalist', 'Advertising Industry Analyst With General', 'Multicultural', 'Hispanic Market Expertise. To He Served As An Editor At Radio', 'Christian G.', 'Steven Nolen']
Radio & Television Business Report
NEWPORT, KY — In mid-July, the FCC’s Media Bureau signed off on the transaction.
As the month came to its conclusion, the deal officially closed —making “ABC 36” a sibling to the NBC affiliate serving Lexington, Ky.
Scripps Co. has completed its $15.8 million purchase of WTVQ-TV from Morris Network Inc.DirecTV attempted to prevent the deal from transpiring on speculative grounds that it would lead to more difficult retransmission fee compensation negotiations, due to fewer TV broadcasting companies, thus giving Scripps greater leverage.
The Media Bureau dismissed DirecTV’s petition, on the grounds that it was rooted in speculative claims.
WLEX became a Scripps property in 2019, when it acquired 15 of 16 stations from Cordillera Communications in a $521 million transaction.