Gray Television (GTN) to acquire Quincy Media for $925 million

GRAY TO ACQUIRE QUINCY MEDIA, INC. FOR $925 MILLION

ATLANTA, Feb. 01, 2021 (GLOBE NEWSWIRE) -- Gray Television, Inc. (Gray or we) (NYSE: GTN) announced today that it has entered into an agreement to acquire Quincy Media, Inc. (Quincy or QMI) for $925 million in cash.  Upon closing the transaction, Gray will own television stations serving 102 television markets that collectively reach 25.4 percent of US television households, including the number-one ranked television station in 77 markets and the first and/or second highest ranked television station in 93 markets according to Comscores average all-day ratings for calendar year 2020.