Gray Television

Gray TV to buy Raycom in US$3.65bn deal

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 […]