ATLANTA, Aug. 16, 2018 /PRNewswire/ -- Gray
Television, Inc. ("Gray")
(NYSE: GTN and GTN.A) announced today that it has entered into an
agreement to sell WSWG-TV, the CBS affiliate for the Albany, Georgia, television market to Marquee
Broadcasting, Inc. ("Marquee").
Patricia Lane, president and
co-owner of Marquee, said, "We are excited to add WSWG to the
Marquee family and look forward to serving the local communities of
south central and southwestern Georgia. We thank Gray for this opportunity."
Marquee currently owns television stations in Colorado, Georgia, Kentucky, and Maryland. It also has a
pending acquisition for WSST-TV, an independent television station
in the Albany market expected to
close on September 1. By combining WSWG-TV with WSST-TV,
Marquee plans to improve and expand both stations' service to
southwestern Georgia
communities.
The WSWG-TV transaction will close concurrently with the closing
of Gray's acquisition of Raycom
Media, Inc., which Gray
anticipates will occur following the receipt of regulatory and
other approvals in the fourth quarter of 2018. No additional
terms were disclosed.
About Gray:
Gray owns and/or operates over
100 television stations across 57 television markets that
collectively broadcast over 200 program streams including over 100
channels affiliated with the CBS Network, the NBC Network, the ABC
Network and the FOX Network. Our portfolio includes the
number-one and/or number-two ranked television station operations
in essentially all of our markets, which collectively cover
approximately 10.4 percent of total United States television households. For
further information, please visit www.gray.tv.
View original content with
multimedia:http://www.prnewswire.com/news-releases/gray-agrees-to-sell-wswg-tv-in-albany-georgia-300697995.html
SOURCE Gray Television