Scripps Company (NYSE: SSP) has completed the acquisition of independent television station KMCI, Channel 38, in Lawrence, Kan.
Scripps acquired KMCI under revised FCC rules that allow, under certain conditions, single ownership of two television stations in a designated market.
Scripps has programmed KMCI since 1996 under a local marketing agreement with Miller Broadcasting.
Scripps has filed an application with the FCC to acquire KMCI under revised rules that allow, under certain conditions, single ownership of two television stations in a designated market.
Since 1996, Scripps has programmed KMCI under a local marketing agreement with its owner, Miller Broadcasting Inc.
The relationship with KMCI has proved to be successful for Scripps, so taking the next step to acquire the station makes sense.
Scripps also has obtained an option to purchase KMCI if federal regulations are changed to permit ownership of more than one station serving the same market.
KMCI currently is affiliated with the Home Shopping Network.