Gray Television and Meredith Corp. each enjoyed big days on Wall Street today, on word that the company buying Quincy Media, Inc., which acquired Raycom Media at the start of 2019, is purchasing Meredith Local Media’s 17 broadcast stations.
At the Closing Bell, GTN was up 9.1%, to $22.17, thanks to a $1.85 improvement on heavy volume of nearly 3 million shares.
For MDP, a 13.2% gain from Friday was seen, pushing the company’s shares to $35.21. Volume was 1.48 million shares against average trading of 467,160 shares.
For a complete look at Monday’s closing prices for media stocks, visit the Wall Street Report on the homepage of RBR.com.