Gray Media & E.W. Scrips Company are proposing swapping TV stations across the country & it could have an immediate impact on the Colorado Springs / Pueblo tv market & also a major impact on the Grand Junction / Montrose tv market, lets break down these markets tv players before the changes...
Colorado Springs / Pueblo:
- KOAA 5 (NBC) E.W. SCRIPS COMPANY
- KRDO 13 (ABC) NEWS-PRESS & GAZETTE COMPANY
- KKTV 11 (CBS) GRAY MEDIA
- KXRM 21 (FOX) NEXSTAR MEDIA GROUP
- KXTU 57 (The CW) NEXSTAR MEDIA GROUP
Grand Junction / Montrose:
- KKCO 11 (NBC) GRAY MEDIA
- KJCT-LP 8 (ABC) GRAY MEDIA
- KREX 5 (CBS) NEXSTAR MEDIA GROUP
- KFQX 4 (FOX) MISSION BROADCASTING
- KGJT 27 (MY NETWORK TV) NEXSTAR MEDIA GROUP
After these changes take place Gray Media will swap KKCO, KJCT, & KKTV to Scrips in exchange for 2 stations in Twin Falls Idaho (KMVT--CBS & KSVT-LD FOX). No cash will be exchanged by either company as this is structured to be a pure asset swap (TV Stations & Transmitting Facilities). This change will give Scrips a duopoly in all 3 Colorado media markets: Denver, Colorado Springs / Pueblo & Grand Junction / Montrose.
At this time Scrips stations in Denver (KMGH & KCDO) are NOT on the table for any changes.
Colorado could go from a heavy presence of Nexstar stations to an equally heavy presence of Scrips stations, for now STAY TUNED, this will still need DOJ & F.C.C. approval before anything happens, they hope to have this closed however by the 4th quarter of this year.
One more note, Gray Television has owned KKCO since 2005 when they purchased the station from Eagle III Broadcasting Inc a local ownership group, they have owned KJCT since 2013 when Gray purchased the license & transmitter from News-Press & Gazette Company, forming the current duopoly, meanwhile Scripps has owned KOAA Since May 2019, purchasing the station when they took over Cordillera Communications.
Announcement Here: https://scripps.com/press-releases/gray-media-and-scripps-agree-to-swap-television-stations/
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