The sale of two stations and related licenses in Minnesota and New York by United Communications to Gray Television tops the latest list of TV station transactions submitted to the FCC for its approval, according to BIA Advisory Services.
The $45 million acquisition comprises CBS affil WWNY and WNYF-CD (Fox) Watertown, N.Y., and CBS-Fox affiliate KEYC Mankato, Minn.
The group says that since the DOJ blocked its acquision of a CBS affiliation in Casper that would have given it essential retrans revenue, it’s merging news operations at its NBC affiliate KCWY Casper, Wyo., with those of its KGWN in Cheyenne and cutting back in Casper.
Gray Television’s OTT strategy extends to its newly-acquired Raycom stations. With this expansion, SBTV reaches 102 DMAs, including 41 of the top 100 markets across all station groups, reaching 30% of the US population.
Broadcasters thinking of plunging into OTT have big decisions to make, the biggest of which is settling on an OTT platform. They can turn to a turnkey provider or build their own. In either case, here are some vendors that can help.
CEO Hilton Howell and other execs will ring the exchange’s closing bell on Jan. 11 to mark the company’s purchase of Raycom Media. Gray has been traded on the exchange since 1995.
The broadcast group renews all 28 of its Alphabet Net affiliates in 25 markets.
The newly acquired stations will manage their national ad sales in-house like the rest of Gray’s stations.
The station group will exclusively use Comscore’s local TV currency in 80 of its 91 markets.
In wrapping up its $3.6 billion purchase of Raycom Media, it expands its footprint to 91 markets and 24% of TV homes. In connection with the merger, Gray and Raycom also completed the divestitures of nine stations in overlap markets to Tegna, Scripps and Lockwood.