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Stock Market & Financial Investment News

News Breaks
March 17, 2014
10:00 EDTGTNGray Television falls 11.2%
Gray Television is down 11.2%, or $1.18, to $9.33
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July 1, 2015
17:47 EDTGTNGray Television completes seven transactions including three acquisitions
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17:17 EDTGTNGray Television completes seven transactions including three acquisitions
Gray Television entered into four new transactions and closed all three of its previously announced acquisitions of leading television stations. Gray entered into agreements to acquire WFXS and certain non-license assets of KVTV. Gray entered into an agreement with Cordillera Communications to sell Gray's KBGF, the NBC affiliate for the Great Falls market, and KTVH, the NBC and CW affiliate for the Helena market. Gray has agreed to donate KMTF to Montana State University. Gray also closed all three of its previously announced station transactions: Gray acquired KOSA, affiliated with the CBS and MY Networks, KMVT, affiliated with the CBS and CW Networks, as well as KSVT, affiliated jointly with the FOX and MY Networks, and WAGM, affiliated with the CBS and FOX Networks. The net purchase price for the Wausau and Laredo transactions less the anticipated proceeds from the Montana dispositions is expected to be $20.0M. The Montana dispositions are expected to close in Q3. The purchase price for all seven separate transactions that Gray has announced in 2015 is $81.35M.

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