Gray Consummates Raycom Deal, Divestitures to Scripps, Tegna
Gray Television completed its buy of Raycom (see 1901030013), it said in a news release Thursday. That deal’s consummation led in turn to the completion of the sales of divestitures to Scripps and Tegna, those companies said in releases. Gray/Raycom…
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was approved in December (see 1812200065). “Gray now owns the first or second highest rated television station in 85 markets,” said Gray’s release. The divestiture to Scripps sent three ABC affiliates in Florida and Texas to the company, while the sale to Tegna involved stations in Ohio and Texas.