Study: Media Mergers Boost Local News

One of the knocks on broadcast mergers is that consolidation in ownership leads to consolidated newsrooms and a reduction in investment in news. But a new Gray Television-backed study from economist Mark Fratrik of Gray’s 93 TV markets found that in markets where stations were permitted to join forces, as was the case with Gray’s 2018 purchase of Raycom Stations, their news output increased “far more” than markets without consolidation.