Atlanta's Gray Television buying 17 stations for $2.7 billion, including 1 in Alabama
Atlanta’s Gray Television buying 17 stations for $2.7 billion, including 1 in Alabama Updated 7:42 PM; By Rodney Ho The Atlanta Journal-Constitution (TNS) and Tribune Media Services Atlanta-based Gray Television has agreed to purchase Meredith’s 17 television stations, including Atlanta’s CBS46 ( WGCL-TV) and Peachtree TV ( WPCH-TV), for an estimated $2.7 billion including debt. The acquisition would make Gray one of the largest TV station owners in the country, with 101 stations in 113 markets reaching about 36% of U.S. households. The deal, announced Monday,...