(WXYZ) - Channel 7's owner, the E.W. Scripps Company, has agreed to purchase WMYD Channel 20, Detroit's MyNetworkTV affiliate from Granite Broadcasting Corp.
The deal will create what's called a "duopoly" in Detroit with WMYD and WXYZ, Scripps' largest television station.
In the deal, Scripps also will acquire WKBW, Granite's ABC television affiliate in Buffalo, N.Y.
"These two stations are a terrific fit for our TV portfolio," said Brian Lawlor, senior vice president of Scripps television stations.
"We love doing business in Detroit. WXYZ is one of our most important TV stations, and our ability to marry it with the MYNetworkTV station allows us to extend our commitment to that market and continue the conversation and the passion driving the renaissance of this great American city," Lawlor said.
When the deal is finalized, Cincinnati-based Scripps will own more ABC affiliates than any other station group and in total will reach nearly 14% of U.S. households. WXYZ reaches nearly 2.7 million adults in the Detroit market.
"We are excited about the opportunity to expand our reach in this region," said Ed Fernandez, Scripps divisional general manager and vice president and general manager of WXYZ.
"A bigger footprint will allow us to have an even bigger impact in our community. We are passionate about Detroit and this region, and through our programming, news, and community service, we will be able to have an even bigger role in the rebirth of the city we serve," Fernandez said.
"Our goal is to be not only the best station in Detroit but the best station for Detroit," said Mike Murri, WXYZ station manager. "WXYZ has been a powerful influence in the Detroit community for more than 60 years, and we are eager to continue our rich tradition of community service through this new partnership."
The transaction is subject to regulatory approvals and customary closing conditions. It is expected to be finalized in the second quarter of this year.