Gray Television Acquires 17 Meredith Local Channels for $2.7 Billion

Gray Television announced Monday that it has acquired Meredith’s Local Media Group. The deal for 17 stations cost Gray $2.7 billion.

  • WGCL (CBS) / WPCH (Independent), Atlanta, Georgia (DMA 7)
  • KPHO (CBS) / KTVK (Independent), Phoenix, Arizona (DMA 11)
  • KPTV (FOX) / KPDX (MyNetwork), Portland, Oregon (DMA 21)
  • KMOV (CBS), St. Louis, Missouri (DMA 23)
  • WSMV (NBC), Nashville, Tennessee (DMA 29)
  • WFSB (CBS), Hartford-New Haven, Connecticut (DMA 32)
  • KCTV (CBS) / KSMO (MyNetwork), Kansas City, Missouri, (DMA 34)
  • WHNS (FOX), Greenville-Spartanburg, South Carolina (DMA 35)
  • KVVU (FOX), Las Vegas, Nevada (DMA 40)
  • WALA (FOX), Mobile, Alabama (DMA 57)
  • WNEM (CBS), Flint-Saginaw, Michigan (DMA 73)
  • WGGB (ABC & FOX) / WSHM-LD (CBS), Springfield, Massachusetts (DMA 116)

With the additional channels, Gray says it will be the second largest TV broadcaster in the country, with channels reaching 113 markets and covering 36% of the US.

“The television station portfolios, company cultures, and commitments to localism of Gray and Meredith are highly complementary,” said Gray’s Executive Chairman and CEO Hilton H. Howell. “We are very excited to acquire Meredith’s excellent television stations, and we look forward to welcoming its employees into the Gray family. Moreover, Gray’s Board and shareholders are deeply appreciative of the tireless efforts of our team led by Kevin Latek and Jim Ryan on this transaction and our other recently announced significant transactions. Building on our successes throughout 2020 and just the first few months of 2021, Gray Television clearly has an even stronger and brighter future than ever!”