GRAY TELEVISION CLOSES ON ACQUISITION OF MEREDITH CORPORATION’S LOCAL MEDIA GROUP
ATLANTA, Dec. 01, 2021 (GLOBE NEWSWIRE) -- Atlanta, Georgia Gray Television, Inc. (Gray) (NYSE: GTN) today closed on its previously announced acquisition of Meredith Corporations Local Media Group (Meredith) and its 17 television stations in 12 local markets for $16.99 per share in cash, or $2.8 billion in total enterprise value.
- ATLANTA, Dec. 01, 2021 (GLOBE NEWSWIRE) -- Atlanta, Georgia Gray Television, Inc. (Gray) (NYSE: GTN) today closed on its previously announced acquisition of Meredith Corporations Local Media Group (Meredith) and its 17 television stations in 12 local markets for $16.99 per share in cash, or $2.8 billion in total enterprise value.
- Grays portfolio of television stations now serve 113 local markets reaching approximately 36 percent of US television households.
- In addition, with a new, larger portfolio including 79 markets with the top-rated television station and 101 markets with the first and/or second highest rated television station, Gray retains its position as the largest owner of top-rated local television stations and digital assets in the United States.
- Gray Television, headquartered in Atlanta, Georgia, is the largest owner of top-rated local television stations and digital assets in the United States.