Gray Media Inc（GTN）のニュースとイベントGTNGray Media Inc

Gray Media Acquires Six TV Stations from American Spirit for $50M

Gray Media has reached an agreement with American Spirit to acquire its six television stations for $50M. Earlier, the parties completed the first of two closings of the transaction through which, among other things, Gray paid $40M to American Spirit and commenced a limited local management agreement for the stations. The consideration for the first of the two closings was funded with a portion of the proceeds of a private placement of $70M of aggregate principal amount of the company's 7.25% Senior Secured First Lien Notes due 2033, which was completed on June 30. Gray anticipates utilizing cash on hand to complete the second and final portion of the transaction in the fourth quarter of this year following receipt of regulatory approvals and other customary closing conditions, at which time the local management agreement will end.

Gray Media Completes Asset Swap with E.W. Scripps

Gray Media (GTN) closed on its cash-free, even exchange of comparable assets with the E.W. Scripps Company (SSP) involving the swap of television stations across five mid-sized and small markets that the parties announced in July 2025. Under the terms of the agreement, Gray has acquired: WSYM in Lansing, Michigan, where Gray owns WILX; and KATC in Lafayette, Louisiana, where Gray owns KADN and KLAF-LP as well as leading television stations in each of the other Louisiana markets. In exchange, Scripps has acquired: KKTV in Colorado Springs, Colorado, where Scripps owns KOAA; KKCO and low power station KJCT-LP in Grand Junction, Colorado; and KMVT and low power station KSVT-LD in Twin Falls, Idaho, where Scripps owns low power station KSAW-LD. Gray has now consummated all previously announced television station transactions.