What’s Gray’s Payday For Its Nine Spinoff Stations?


As RBR+TVBR reported Monday, Gray Television has agreed to shed eight stations it is acquiring from Raycom Media and one of its own properties in the nine overlap markets it will have should its just-announced $3.6 billion merger win regulatory approval.

How much will Gray pocket from the sale of these nine properties? Jefferies analyst John Janedis thinks he has a pretty good idea of what they’ll collect.

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