The Global Media Business Weekly

Gray TV sells 9 more stations

Broadcast-streaming. Gray Television has agreed to sell nine stations in eight markets to three different buyers, clearing the way for the FCC to approve its $3.6bn merger with Raycom Media. Last week, it said it had agreed to sell its CBS affiliate WSWG Albany, Georgia, to Marquee Broadcasting. The combined purchase price for all the divestitures is $235.5m, apparently more than Gray had expected. The lastest deals are: Lockwood has agreed to purchase Fox affiliates WTNZ in the Knoxville, Tenn., market (DMA 61), WFXG in Augusta, Ga. (DMA 112), WPGX in Panama City, Fla., (DMA 151) and WDFX in the Dothan, Ala. market (DMA 173); E.W. Scripps  has agreed to purchase ABC affiliates KXXV-KRHD in the Waco, Texas, market (DMA 86) and WTXL in Tallahassee, Fla. (DMA 108); Tegna is buying CBS affiliate WTOL Toledo, Ohio (DMA 78), and NBC affiliate KWES Odessa-Midland, Texas (DMA 144). Gray did not break out the prices of the four deals. But, in separate announcements, Scripps said it was $55m for the Waco and Tallahassee stations and Tegna said it was paying $105m for those in Toledo and Odessa-Midland.

Gray TV