Scripps Closes On Cordillera Stations Purchase
The E.W. Scripps Co. said Wednesday that it has closed its $521 million acquisition of 15 television stations in 10 markets from Cordillera Communications.
The acquisition grows the Scripps local television station footprint to 52 stations in 36 markets with a reach of nearly 21% of U.S. TV households.
The Cordillera stations diversify Scripps’ affiliate relationships, adding more NBC and CBS stations to the company’s strong ABC roster.
The stations joining Scripps’ television portfolio today are:
- WLEX, the NBC affiliate in Lexington, Kentucky
- KOAA, the NBC affiliate in Colorado Springs, Colorado
- KATC, the ABC affiliate in Lafayette, Louisiana
- KSBY, the NBC affiliate in Santa Barbara-San Luis Obispo, California
- KRIS, the NBC affiliate, and KAJA, a Telemundo affiliate, in Corpus Christi, Texas
- KPAX and KAJJ, the CBS affiliates in Missoula, Montana
- KTVQ, the CBS affiliate in Billings, Montana
- KXLF and KBZK, the CBS affiliates in Butte-Bozeman, Montana
- KRTV, the CBS affiliate, and KTGF, the NBC affiliate, in Great Falls, Montana
- KTVH, the NBC affiliate, and KXLH, the CBS affiliate, in Helena, Montana
“This acquisition furthers Scripps’ strategies to increase the financial durability and operating performance of our broadcast portfolio,” said Brian Lawlor, president of Local Media. “We welcome these stations’ employees to the Scripps team and look forward to working together to continue our strong commitment to journalism and serving local communities.”
Scripps also recently announced the acquisition of eight TV stations in seven markets from the Nexstar-Tribune merger divestitures. When that $580 million transaction is complete, Scripps will operate 60 television stations in 42 markets, making it the nation’s fourth-largest broadcaster and reaching 30% of U.S. TV households.