E.W. SCRIPPS Co 8-K

What Happened

• E.W. Scripps Company announced on May 15, 2026 (Form 8-K, Item 2.01) that it closed the previously announced stations swap transaction with Gray Media, Inc. Under the deal Scripps acquired KKTV (CBS) in Colorado Springs, KKCO (NBC) and low-power KJCT-LP (ABC) in Grand Junction, Colorado, and KMVT (CBS) and low-power KSVT-LD (Fox) in Twin Falls, Idaho. Gray acquired WSYM (Fox) in Lansing, Michigan and KATC (ABC) in Lafayette, Louisiana.
• The swap was an even exchange of comparable assets, and neither company paid cash consideration to the other. Scripps attached a press release about the closing as Exhibit 99.1 to the filing.

Key Details

• Filing date: May 15, 2026 (Form 8-K, Item 2.01).
• Stations acquired by Scripps: KKTV (CBS, Colorado Springs); KKCO (NBC) & KJCT-LP (ABC, Grand Junction, CO); KMVT (CBS) & KSVT-LD (Fox, Twin Falls, ID).
• Stations transferred to Gray: WSYM (Fox, Lansing, MI); KATC (ABC, Lafayette, LA).
• Consideration: Even asset exchange — no cash paid between companies.

Why It Matters

• The transaction expands Scripps’ broadcast footprint in Colorado and Idaho by adding multiple network-affiliated stations, which can affect local audience reach and advertising inventory.
• Because the deal was an even swap with no cash exchanged, it did not require a cash outlay, so it has limited immediate impact on Scripps’ liquidity or cash position as disclosed in the 8-K.
• Investors should note this is an ownership/asset realignment rather than a cash acquisition; operational and revenue effects will depend on integration and local market performance disclosed in future reports.