Gray area of Grand Junction TV deal

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$12M KJCT-TV Grand Junction CO from Pikes Peak Television Inc., a subsidiary of News-Press & Gazette Company (David R. Bradley) to Excalibur Grand Junction LLC (Don Ray). Excalibur is paying for FCC license assets only; Gray Television (Hilton Howell) is buying other station assets for $9M. Gray’s KKCO-TV will operate in SSA Gray has option to acquire station. [FCC file date 8/12/13]