Scripps completes acquisition of WTVQ in Lexington

The E.W. Scripps Company has completed its acquisition of WTVQ, an ABC affiliate in Lexington, Kentucky, from Morris Network, Inc. for $15.8 million. The acquisition creates a duopoly with Scripps' existing NBC affiliate WLEX in the market. This transaction is part of Scripps' strategy to optimize its local television portfolio, which has included sales of stations in Fort Myers and Indianapolis generating $123 million in proceeds this year.