Gray and Scripps complete cash-free station swap
Gray Media Inc. (GTN) announced the completion of a cash-free asset exchange with E.W. Scripps Company on May 15, 2026. This finalizes a previously announced agreement involving the swap of broadcasting stations between the two companies.
Key Takeaways
- Gray Media said the asset exchange with E.W. Scripps was finalized on May 15, 2026.
- The transaction was cash-free, with broadcasting stations swapped between the two companies.
- The exchange completes a previously announced agreement between Gray Media Inc. and E.W. Scripps Company.
Why It Matters
This is a completed station swap, so the immediate effect is a clean transfer of broadcasting assets without cash changing hands. For the broader media ecosystem, it shows Gray Media and E.W. Scripps continuing to rework station portfolios through asset exchanges rather than a traditional purchase. What to watch next is whether either company files follow-on disclosures that identify the specific stations involved in the swap.
Read full article at gurufocus.com
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