The move comes as Scripps continues to reshape its broadcast portfolio. In July, the company announced a deal with Gray Media that involves swapping television stations in five mid-sized and small markets. That proposed transaction, which requires FCC relief from local ownership caps, is still under review by federal regulators. Scripps currently operates more than 60 broadcast television stations in 40 markets across the country. The company has been active in station trades and sales as it seeks to optimize its portfolio and strengthen its balance sheet. — Read more: