Gray TV to acquire Quincy Media for $925M Gray Television announced Monday it entered into an agreement to acquire Quincy Media for $925 million in cash. (Source: Live 5) By Live 5 Web Staff | February 1, 2021 at 9:55 AM EST - Updated February 1 at 10:27 AM
ATLANTA (Gray News) - Gray Television announced Monday it entered into an agreement to acquire Quincy Media for $925 million in cash.
When the transaction closes, Gray will own television stations serving 102 markets that collectively reach 25.4 percent of U.S. television households, including the number-one ranked station in 77 markets and the first and/or second-highest ranked television station in 93 markets according to Comscore’s average all-day ratings for calendar year 2020.
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The Board of Directors of Quincy Media, Inc. has announced its shareholders have approved the sale of the stock of the company for $925 million in cash to Gray Television, Inc. a public media company headquartered in Atlanta, Georgia.
The sale, which is subject to federal regulatory approvals, is expected to close in the 2
nd or 3
rd quarter of 2021.
The sale includes all of the company’s television and radio properties, which serve 16 markets. The sale does not include the Quincy Herald-Whig and Hannibal Courier Post newspapers, which are being sold separately.
Upon closing the transaction, Gray will own television stations serving 102 television markets that collectively reach 25.4% of U.S. television households. To facilitate prompt regulatory approvals, Gray will divest some of QMI’s stations in markets where Gray already owns a full power television station.
Gray Television to acquire Quincy Media Gray Television, Inc. announced it has entered into an agreement to acquire Quincy Media, Inc. (Source: Gray TV) By Gray News Staff | February 1, 2021 at 7:24 AM HST - Updated February 1 at 12:15 PM
(Gray News) - Gray Television, Inc. announced Monday that it has entered into an agreement to acquire Quincy Media, Inc. for $925 million in cash.
Upon closing the transaction, Gray will own television stations serving 102 television markets that collectively reach 25.4 percent of U.S. television households, including the No. 1 ranked station in 77 markets and the first- or second-highest ranked station in 93 markets, according to Comscore’s average all-day ratings for calendar year 2020.
Gray to acquire Quincy Media, Inc. for $925 Million
Gray Television, Inc. (GLOBE NEWSWIRE)
ATLANTA, Feb. 01, 2021 (GLOBE NEWSWIRE) Gray Television, Inc. (“Gray” or “we”) (NYSE: GTN) announced today that it has entered into an agreement to acquire Quincy Media, Inc. (“Quincy” or “QMI”) for $925 million in cash. Upon closing the transaction, Gray will own television stations serving 102 television markets that collectively reach 25.4 percent of US television households, including the number-one ranked television station in 77 markets and the first and/or second highest ranked television station in 93 markets according to Comscore’s average all-day ratings for calendar year 2020.
“We are honored and humbled to be selected by Quincy’s shareholders to acquire their terrific company,” said Hilton H. Howell, Jr., Gray’s Executive Chairman and CEO. “We are very excited to welcome their dedicated journalists, account executives, and technologists to the G
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