Gray Media, E.W. Scripps Complete Swap of Five TV Stations
Gray Media (GTN) and E.W. Scripps (SSP) closed their swap of television stations across five markets in four US states, the companies said Friday.The cash-free, even exchange, announced in July, includes stations in Lansing, Michigan; Lafayette, Louisiana; Colorado Springs and Grand Junction in Colorado; and Twin Falls, Idaho.Shares of Gray Media fell 1.2% in Friday trading, and E.W. Scripps dropped 2.3%.Price: $4.12, Change: $-0.05, Percent Change: -1.20%