If you thought the merger of Sinclair Broadcast Group and Tribune Media was a bit of a grandiose plan, you may not be a fan of what Gray Television and Raycom Media have teamed up to form.
When all is said and done, the new Gray TV will reach 24% of U.S. TV households through its 142 stations across 92 DMAs.
However, station spins are on the way in order to meet federal regulatory approval in markets where Gray and Raycom each own stations.
