Gray, Marquee to Swap Full-Power TV Stations
Gray Television and Marquee Broadcasting agreed to a station swap that will lead to Gray owning a full-power television station in every market in Georgia, where Gray is based, said a news release Wednesday. Under the deal, Gray will sell…
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KNIN Caldwell, Idaho, its Fox affiliate in the Boise market, to Marquee, which will sell to Gray WPGA Perry, Georgia, its MeTV affiliate in the Macon market. EW Scripps operates KNIN under a shared services agreement. The deals are expected to close in Q2, Gray said. The swap will have little effect on the company’s reach under the national ownership cap and isn’t expected to face regulatory hurdles, Gray told us. “We have no presence in Macon, and Marquee has no presence in Boise,” said Chief Legal and Development Officer Kevin Latek. “It’s a good deal for both parties.”