Gray Media and The E.W. Scripps Company will swap stations across five mid-sized and small markets, resulting in the creation of new duopolies for each group.

Gray will acquire Scripps’ Lansing, Michigan Fox affiliate WSYM (DMA 113), and KATC (ABC) in Lafayette, Louisiana (DMA 125). The acquisition of WSYM will create a duopoly in Lansing, where Gray owns WILX (NBC).

“We are very pleased to be executing a successful set of station swaps with Scripps that brings great value to both companies,” said Gray president and Co-CEO Pat LaPlatney. “At Gray, due to the strategic nature of these two acquisitions and the benefits to our operations, we anticipate expanding the news staff and hours of live local newscasts on both stations soon after closing the acquisitions.”

Scripps will get Gray’s Colorado Springs, Colorado CBS affiliate KKTV (DMA 86), where Scripps owns KOAA (NBC); KKCO (NBC) and low power station KJCT-LP (ABC) in Grand Junction, Colorado (DMA 187); and KMVT (CBS) and low power station KSVT-LD (Fox) in Twin Falls, Idaho (DMA 189), where Scripps owns low power station KSAW-LD (ABC).