Gray Television (GTN) Tops Q4 EPS by 14c, Revenues Beat

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Gray Television (GTN) Announces Sale of WCAV/WVAW; Agrees to Purchase WVIR in Charlottesville, VA

March 4, 2019 11:02 AM EST

Gray Television, Inc. (NYSE: GTN) announced today that we have entered into agreements to sell our Charlottesville, Virginia, television stations WCAV (CBS/FOX) and WVAW (ABC) to an affiliate of Lockwood Broadcasting, Inc. and to acquire WVIR (NBC) in Charlottesville from Waterman Broadcasting Corporation.

The decision to sell WVIR-TV has been challenging and emotional, commented Edith B. Waterman, President of Waterman Broadcasting. We have had the great privilege of proudly serving Charlottesville and its surrounding communities since 1986. Our focus has been serving the good people of central Virginia and taking care of our uniquely... More