Gray Television, Inc. Completes Purchase of License for a CBS-Affiliated Television Station to Serve Charlottesville, Virginia
August 18 2004 - 5:45PM
PR Newswire (US)
Gray Television, Inc. Completes Purchase of License for a
CBS-Affiliated Television Station to Serve Charlottesville,
Virginia ATLANTA, Aug. 18 /PRNewswire-FirstCall/ -- Gray
Television, Inc. (NYSE: GTN; GTN.A) announced today that it has
completed the acquisition of a Federal Communications Commission
(FCC) television license for Channel 19 in Charlottesville,
Virginia from Charlottesville Broadcasting Corporation. The station
is currently broadcasting under the call letters WCAV. Gray intends
within the near future to produce a full complement of daily local
news broadcasts to serve the viewing public in the Charlottesville
area. WCAV will be carried on all area cable systems and will be
available in the Charlottesville market to subscribers of the DISH
Network. Mr. Bill Varecha will be the General Manager of WCAV and
will oversee its operations. CBS, Inc. has agreed to a ten-year
affiliation agreement to allow Gray to operate Channel 19 as a
CBS-affiliated station. The television station is the 16th CBS
affiliate operated by Gray and brings the total number of stations
operated by Gray to 30. Charlottesville, Virginia is the 186th
largest television market in the United States with approximately
70,000 television households. Charlottesville is the home of the
University of Virginia with an enrollment of approximately 18,000
students. Charlottesville has only one other full power local
television station serving the community and that station operates
as an NBC affiliate. Gray currently owns and operates WHSV, the ABC
affiliate serving Harrisonburg, Virginia, which is adjacent to the
Charlottesville television market. Gray Television, Inc. is a
communications company headquartered in Atlanta, Georgia, and
currently operates 16 CBS-affiliated television stations, seven
NBC-affiliated television stations, seven ABC-affiliated television
stations and five daily newspapers. DATASOURCE: Gray Television,
Inc. CONTACT: Bob Prather, President, +1-404-266-8333, or Jim Ryan,
Chief Financial Officer, +1-404-504-9828, both of Gray Television,
Inc. Web site: http://www.graytvinc.com/
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