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Gray to merge with Raycom for 3.6 Billion Dollars - RadioInsight Community
RadioInsight Community › Forums › Television Insight › National Television › Gray to merge with Raycom for 3.6 Billion Dollars The login box issue should be resolved. If you are still having issues you can still use the alternate link, but please inform us so we can investigate. This topic contains 8 replies, has 1 voice, and was last updated by Bill Recto 4 days, 19 hours ago. Viewing 9 posts - 1 through 9 (of 9 total) Author Posts June 25, 2018 at 10:34 am #182914 Bill RectoParticipant http://www.tvnewscheck.com/article/114556/gray-to-buy-raycom-for-36-billion the Largest TV station affected by this proposed deal is WOIO Cleveland.currently owned by Raycom and this move is to go after Sinclair and Nexstar for local June 25, 2018 at 10:35 am #182915 Bill RectoParticipant The deal is pending at this time. June 25, 2018 at 1:59 pm #182927 Bill RectoParticipant GRAY AND RAYCOM TO COMBINE IN A $3.6 BILLION TRANSACTION Update Raycom has announced the official statement on the Gray deal and yes this deal is to make Raycom more competitive against Sinclair and Nexstar for local TV in most parts of the country. June 25, 2018 at 4:31 pm #182928 Bill RectoParticipant https://gray.tv/index.php?page=station-list Companies Here are the Full List of TV Stations owned By Gray and Raycom as of June 2018 but note in one of the Raycom Press Releases that they have overlap TV markets in Georgia, Ohio, Texas, Florida, Alabama and Tennessee. Note we don’t know yet on who is being divested due to the Gray/Raycom merger and where are the divested stations are going to yet. June 25, 2018 at 7:09 pm #182935 Bill RectoParticipant Partners Well in this link Raycom is mentioned as a member who has a broadcast contract with Newson app but that’s going to be uncertain once the merger is approved. June 25, 2018 at 8:55 pm #182937 Bill RectoParticipant http://www.bostonherald.com/business/business_markets/2018/06/cnhi_owner_of_mass_newspapers_to_be_sold update Raycon’s Newspapers are to be sold. June 26, 2018 at 6:19 pm #182944 Bill RectoParticipant https://www.fiercecable.com/video/gray-tv-could-score-210m-from-station-sales-for-raycom-deal-analyst-says Update in the Gray/Raycom talks July 11, 2018 at 5:46 pm #183087 Bill RectoParticipant Gray Sioux Falls Purchase Challenged Now the Gray Purchage of KDLT is being challenged. July 17, 2018 at 8:59 pm #183179 Bill RectoParticipant Station Trading Roundup: 2 Deals, $16.8M Update on the Raycom/ Gray Deal Apparently Gray has sold 2 stations to Raycom Multistate Deal — PRICE: $4,411,145.78 BUYER: Gray Television Inc (Hilton Howell, Jr, chairman/president/CEO) SELLER: Raycom Media Inc (Patrick LaPlatney, president/CEO Iowa: KYOU-TV Ottumwa FACILITIES: DTV Ch. 15, 360.000 kW, ant. 1,181ft. AFFILIATION: FOX Missouri: K30MG-D Kirksville FACILITIES: DTV Ch. 30, 8.200 kW, ant. 413 ft. AFFILIATION: FOX WUPV-TV Ashland, VA — PRICE: $12,359,665.75 BUYER: Gray Television Inc (Hilton Howell, Jr, chairman/president/CEO) SELLER: Raycom Media Inc (Patrick LaPlatney, president/CEO FACILITIES: DTV Ch 8, 30.000 kW, ant. 827 ft. AFFILIATION: CW COMMENT: American Spirit Media’s WUPV-TV/Ashland, VA, KYOU-TV/Ottumwa, IA, K30MG-D/Kirksville, MO to Raycom Media Inc. The Cash Purchase Price for WUPV-TV is $12,359,665.75. The Cash Purchase Price for KYOU-TV and K30MG-D is $4,411,145.78. Upon consummation of Raycom’s acquisitions of WUPV, KYOU and K30MG-D, Raycom intends to file subsequent applications seeking the Commission’s consent to assign WUPV’s, KYOU’s and K30MG-D licenses to Gray Television per the merger agreement between Raycom and Gray. Author Posts Viewing 9 posts - 1 through 9 (of 9 total) You must be logged in to reply to this topic. Share this:TwitterFacebookLinkedInPinterestPrintEmailMorePocketGoogleTumblrReddit