Gray and Marquee Broadcasting Swap Television Station Assets
Retrieved on:
Thursday, February 1, 2024
ATLANTA, Feb. 01, 2024 (GLOBE NEWSWIRE) -- Gray Television, Inc. (“Gray” or the “Company”) (NYSE: GTN) announced today that it has reached agreements with Marquee Broadcasting, Inc. (“Marquee”) to swap television stations.
Key Points:
- ATLANTA, Feb. 01, 2024 (GLOBE NEWSWIRE) -- Gray Television, Inc. (“Gray” or the “Company”) (NYSE: GTN) announced today that it has reached agreements with Marquee Broadcasting, Inc. (“Marquee”) to swap television stations.
- Gray will sell its television stations in the Cheyenne-Scottsbluff and Casper television markets (DMAs 194 and 198, respectively) to Marquee in exchange for Marquee’s FCC permit authorizing the construction of new, unbuilt television station KCBU in the Salt Lake City market (DMA 27).
- Neither party will pay additional cash or consideration to fulfill the terms of this swap.
- We are looking forward to building on the legacy there,” stated Marquee CEO Patricia Lane.