Gray Television

US broadcast M&A reaches $5.11bn for 2018

US broadcast station mergers and acquisitions (M&A) raised $5.11 billion in the second quarter of 2018 with over $5.01 billion attributed to TV station sales, according to S&P Global Market Intelligence. This is the largest quarterly deal volume since the second quarter of 2007, according to the research group. The news arrives as consolidation of […]

Gray TV to buy Raycom Media for $3.65bn

Atlanta-based TV station Gray Television has said that it will buy rival broadcaster Raycom Media in a cash-and-stock deal valued at $3.65 billion. The combined company will reach nearly a quarter of total US households with 142 television stations in 92 markets. Gray’s shares jumped by 16.02% by the end of Monday, after the network […]