Tag: Gray
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Multiple Fox, NBC & CW Stations Are Getting New Owners
Gray Media, Inc. has taken a bold step to strengthen its Midwest footprint by agreeing to purchase Block Communications, Inc.’s television stations for $80 million. This acquisition is poised to create a new Big Four duopoly in one market and will bring top-ranked local news outlets in two additional Midwestern regions under Gray’s umbrella The…
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Your Local ABC, CBS, FOX, & NBC Station May Have a New Owner Today as Gray & Raycom Merge
Last week Gray Television closed their deal to buy Raycom Media and has become the third-largest owner of broadcast TV stations. With this deal, the new company will own 142 full-power television stations in 92 markets. The deal is worth $3.46 billion, and Wells Fargo financed $2.525 billion of the deal. “Today we announce the…
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Your Local ABC Station May Have a New Owner Today
This week Scripps announced that it had completed the sale of 3 ABC stations from Raycom as part of a bigger Raycom and Gray merger. With this sale, Scripps now owns KXXV, KRHD, and WTXL as Gray works to meet the DOJ required sale of stations in order for them to buy Raycom media’s stations. “The…
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E.W. Scripps is Buying Two Local ABC and CBS Affiliates
This week E.W. Scripps Co broadcasting group announced that they will buy two ABC affiliates from Raycom Media. ABC KXXV in Waco Texas and CBS KHRD in Byron TX will be sold to Scripps as part of Gray Televisions 3.6 billion dollar deal to buy Raycom Media. “Scripps’ acquisition of these two stations is in…