Gray Media, Inc. and The E.W. Scripps Company have entered into agreements to swap television stations across five mid-sized and small markets, resulting in the creation of new duopolies for each group. The local broadcasters anticipate these transactions will give them the market scale and depth to strengthen their financial durability, in turn allowing them to preserve and deepen public service to their communities with essential local news and sports programming. The deal was announced this past Monday (7/7). Among the markets affected is Lansing, where Gray Television will take ownership of Scripps' WSYM-TV (Fox). Gray currently owns WILX-TV (NBC) in Lansing. In addition to WSYM, Gray will also acquire Scripps' KATC (ABC) in Lafayette, Louisiana. The acquisition of KATC will complement Gray's strong presence in the Southeast, including all other markets in Louisiana.