Seeking Alpha

Gray Television snaps up 15 TV stations

  • Gray Television (GTN) says it will acquire 15 stations from Hoak Media, Parker Broadcasting, and Prime Cities Broadcasting in a series of transaction which will sum up to $42.5M.
  • The broadcasting industry has seen a wave of consolidation recently as costs have already been pared down to the bone amid some weak ad spending trends.
  • (PR)
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