In mid-July, the Justice Department gave its blessing to Kathy Lau and John Exline‘s Red River Broadcast Co. to sell a NBC affiliate to one of the nation’s largest owners of broadcast TV stations.
On Tuesday, just one day after the Third Circuit Court of Appeals squashed the Commission’s cross-ownership rule rewrite, the FCC’s Media Bureau moved forward with a similar decision — Gray Television is cleared to grab the station.
Minutes before RBR+TVBR‘s Wednesday deadline, news of the deal’s closing arrived via the exclusive broker of record, representing the seller: Kalil & Co.
