Gray TV to acquire Quincy Media for $925M Gray Television announced Monday it entered into an agreement to acquire Quincy Media for $925 million in cash. (Source: Live 5) By Live 5 Web Staff | February 1, 2021 at 9:55 AM EST - Updated February 1 at 10:27 AM
ATLANTA (Gray News) - Gray Television announced Monday it entered into an agreement to acquire Quincy Media for $925 million in cash.
When the transaction closes, Gray will own television stations serving 102 markets that collectively reach 25.4 percent of U.S. television households, including the number-one ranked station in 77 markets and the first and/or second-highest ranked television station in 93 markets according to Comscore’s average all-day ratings for calendar year 2020.
| 01 February 2021
In a deal that if completed will see it own television stations serving 102 television markets that collectively reach 25.4% of US television households, Gray Television has entered into an agreement to acquire Quincy Media (QMI) for $925 million in cash.
Headquartered in Quincy, Illinois, QMI is a family-owned media company that owns and operates both television stations and local digital platforms in 16 markets primarily in the Midwest. Its portfolio includes the number-one ranked television station in 77 markets and the first and/or second highest ranked television station in 93 markets according to Comscore’s average all-day ratings for calendar year 2020.
Gray believes that the deep similarities between Gray and Quincy in terms of company cultures, award-winning journalistic commitments, and exceptional community service will help ensure a smooth integration of the acquired stations. At present Gray’s television stations broadcast over 40
Gray Television to acquire Quincy Media Gray Television, Inc. announced it has entered into an agreement to acquire Quincy Media, Inc. (Source: Gray TV) By Gray News Staff | February 1, 2021 at 7:24 AM HST - Updated February 1 at 12:15 PM
(Gray News) - Gray Television, Inc. announced Monday that it has entered into an agreement to acquire Quincy Media, Inc. for $925 million in cash.
Upon closing the transaction, Gray will own television stations serving 102 television markets that collectively reach 25.4 percent of U.S. television households, including the No. 1 ranked station in 77 markets and the first- or second-highest ranked station in 93 markets, according to Comscore’s average all-day ratings for calendar year 2020.
Gray to acquire Quincy Media, Inc. for $925 Million
Gray Television, Inc. (GLOBE NEWSWIRE)
ATLANTA, Feb. 01, 2021 (GLOBE NEWSWIRE) Gray Television, Inc. (“Gray” or “we”) (NYSE: GTN) announced today that it has entered into an agreement to acquire Quincy Media, Inc. (“Quincy” or “QMI”) for $925 million in cash. Upon closing the transaction, Gray will own television stations serving 102 television markets that collectively reach 25.4 percent of US television households, including the number-one ranked television station in 77 markets and the first and/or second highest ranked television station in 93 markets according to Comscore’s average all-day ratings for calendar year 2020.
“We are honored and humbled to be selected by Quincy’s shareholders to acquire their terrific company,” said Hilton H. Howell, Jr., Gray’s Executive Chairman and CEO. “We are very excited to welcome their dedicated journalists, account executives, and technologists to the G