15:02 ET -- After a Gray Media/E.W. Scripps TV station swap agreement, Deutsche Bank believes similar deals may occur as the industry gains regulatory clarity on topics including FCC waivers of duopoly restrictions. Gray received a waiver in March for a Rochester, Minn., purchase and expects more. Gray and Scripps said Monday that "regulatory approvals will require certain waivers of outdated local ownership restrictions that have uniquely restricted local broadcasters' ability to compete in today's dynamic and highly competitive media environment." The swap would give Gray duopolies in Lansing, Mich., and Lafayette, La., markets, while Scripps will add to its presence in Colorado Springs and Twin Falls, Idaho, markets, and add two Grand Junction, Colo., stations. Deutsche Bank says "This transaction represents an elegant capital light solution that enables local station groups to capture operating synergies without using balance sheet capacity." (josh.beckerman@wsj.com)

(END) Dow Jones Newswires

July 09, 2025 15:02 ET (19:02 GMT)

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