Gray Television snaps up 15 TV stations

|About: Gray Television, Inc. (GTN)|By:, SA News Editor

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.