The E.W. Scripps Company (NasdaqGS:SSP) agreed to acquire three ABC affiliated television stations in Florida And Texas of Raycom Media, Inc. for $55 million on August 20, 2018. The transaction is structured as a purchase of assets, and it will be funded with cash on hand. The two television stations are being divested as part of Gray Television's acquisition of Raycom. The purchase is subject to regulatory approvals and customary closing conditions and is expected to close in the fourth quarter in conjunction with the closing of the Gray Television, Inc, and Raycom Media transaction. The transaction is expected to be accretive to earnings in the first full year Scripps operates the acquired stations. The E.W. Scripps Company (NasdaqGS:SSP) completed the acquisition of three ABC affiliated television stations in Florida And Texas of Raycom Media, Inc. on January 1, 2019. As a result of this acquisition, new leaders named in both markets where Matt Brown will serve as Vice President and General Manager for WTXL in Tallahassee, Florida and Adam Chase will serve as Vice President and General Manager for KXXV and KRHD in Waco, Texas.