Gray Agrees to Swap Television Stations with Marquee Broadcasting
02/15/2023 - 12:00 PM
ATLANTA, Feb. 15, 2023 (GLOBE NEWSWIRE) -- Gray Television, Inc. (“Gray ” ) (NYSE: GTN) announced today that it has reached agreements with Marquee Broadcasting, Inc. (“Marquee”) to swap television stations.
Gray will sell KNIN, its Fox Network-affiliated television station in the Boise, Idaho, market (DMA 102), to Marquee. Currently, another broadcaster in the Boise market provides local news programming and back-office services for KNIN under a shared services agreement, subject to the ultimate control of Gray.
Concurrently with the KNIN closing, Marquee will sell WPGA, its MeTV Network-affiliated full-power television station in the Macon, Georgia market (DMA 126), to Gray. At that time, Gray will own a full-power television station in every television market located in its home state of Georgia.
Both transactions are expected to close in the second quarter of 2023 following receipt of regulatory and other approvals.
About Gray:
We are a multimedia company headquartered in Atlanta, Georgia. We are the nation’s largest owner of top-rated local television stations and digital assets. Our television stations serve 113 television markets that collectively reach approximately 36 percent of US television households. This portfolio includes 79 markets with the top-rated television station and 101 markets with the first and/or second highest rated television station in 2022. We also own video program companies Raycom Sports, Tupelo Media Group (formerly Tupelo Honey), and PowerNation Studios, as well as the studio production facilities Assembly Atlanta and Third Rail Studios. For more information, please visit www.gray.tv .
Gray Contact:
Kevin P. Latek , Executive Vice President, Chief Legal and Development Officer, 404-266-8333
# # #
GTN Rankings
#4849 Ranked by Stock Gains
GTN Stock Data
Industry
Television Broadcasting
Sector
Information
Tags
Consumer Services, Broadcasting, Information, Television Broadcasting
Country
US
City
Atlanta
About GTN
gray television is a television broadcast company headquartered in atlanta, georgia, that owns and/or operates television stations and leading digital assets in markets throughout the united states. gray owns and operates television stations in 44 television markets broadcasting 139 program streams including 76 affiliates of the big four networks (abc, cbs, nbc and fox). gray's owned and/or operated stations include 26 channels affiliated with the cbs network, 24 channels affiliated with the nbc network, 16 channels affiliated with the abc network and 10 channels affiliated with the fox network. the company owns and operates the number-one ranked television station in 29 of those 44 markets and the number-one or number-two ranked television station operations in 40 of those 44 markets. gray reaches approximately 8.1 percent of total united states television households.
