Gray outlook positive after ABC acquisitions

By on Sep, 8 2014 with Comments 0

Gray-TelevisionThe Corporate Family Rating and positive outlook for Gray Television Inc. remain unchanged following its announced acquisition of ABC affiliates in Flint MI and Toledo OH, according to Moody’s Investors Service.

Moody’s likes both of the stations that are part of the $128M acquisition from SJL Holdings. WJRT-TV is the Flint MI market leader and WGTV-TV Toledo OH is only slightly behind the #1 station.

Click here to Login & view the full article & read our famous RBR+TVBR observation (Not a member? Join Today!)

About The Author: RBR+TVBR has been reporting on the business of broadcasting for nearly three decades. Beholden to no one, it is independently owned.

Comments are closed.