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Slide #19. Gray Television, Inc. — Fox Stations In Rapid City Market
Gray Television, Inc. (NYSE:GTN)
Fox Stations In Rapid City Market
Gray Television, Inc. ("Gray" or "we" or "our") (NYSE: GTN and GTN.A) announced today that it has agreed to acquire KEVN-TV in Rapid City, South Dakota, from Mission TV, LLC for $7.75 million in cash. KEVN-TV serves as the Fox affiliate for the Rapid City television market.
Gray Television is a holding company. Through its subsidiaries, Co. is a television broadcast company that owns television stations and digital assets. Co. owns and/or operates television stations in various television markets. Co. also owns video program production, marketing, and digital businesses including Raycom Sports, Tupelo-Raycom, and RTM Studios, the producer of PowerNation programs and content. In addition, Co.'s secondary channels are affiliated with various smaller networks and program services including, among others, the CW Network or the CW Plus Network, MY Network, and the MeTV Network. Co. also broadcasts independent and local news/weather channels in some markets.
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Strong Buy (4.00 out of 4)