Scripps closes $110 million deal with Granite Broadcasting Corp.

Adds stations in Detroit and Buffalo

CINCINNATI -- The E.W. Scripps Company bought two television stations from Granite Broadcasting Corp Monday in a $110 million deal.

The acquired stations are WMYD, a Detriot MyNetworkTV affiliate, and WKBW, an ABC affiliate in Buffalo, New York.

Scripps already owns ABC-affiliated WXYZ in Detroit, and the addition of WMYD cements Scripps' duopoly.

The 11 ABC affiliates that Scripps owns (including WCPO in Cincinnati) reach 12 percent of U.S. households, the highest percentage among station groups.

Together, the 21 Scripps television stations reach 14 percent of those households.

The purchase is expected to add $30 million in revenue and $10 million in segment in its first year.

Scripps is also the parent company of WCPO-TV 9 On Your Side and WCPO.com.

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