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Scripps Completes Acquisition of WTVQ Lexington
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Scripps said it has completed its previously announced $15.8 million acquisition of ABC affiliate WTVQ Lexington, Ky., from Morris Network Inc.
The purchase creates a duopoly in Lexington with Scripps-owned NBC affiliate WLEX.
Scripps announced the acquisition in March, part of a broader strategy to realign its local television portfolio through acquisitions, divestitures and other transactions.
This year, Scripps has sold WFTX Fort Myers, Fla., and WRTV Indianapolis, generating gross proceeds of $123 million.
It also recently completed a station swap with Gray Media that expanded Scripps’ presence in the Mountain West.