M&A Deal Summary

Gray Acquires KKCO-TV

On February 1, 2005, Gray acquired media company KKCO-TV from Eagle Creek Broadcasting for 14M USD

Acquisition Highlights
  • This is Gray’s 4th transaction in the Media sector.
  • This is Gray’s 15th largest (disclosed) transaction.
  • This is Gray’s 5th transaction in the United States.
  • This is Gray’s 1st transaction in Colorado.

M&A Deal Summary
Date 2005-02-01
Target KKCO-TV
Sector Media
Buyer(s) Gray
Sellers(s) Eagle Creek Broadcasting
Deal Type Divestiture
Deal Value 14M USD

Target

KKCO-TV

Grand Junction, Colorado, United States
KKCO-TV, Channel 11 serves the Grand Junction, Colorado television market and is an NBC affiliate.

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Buyer(S) 1

Buyer

Gray

Atlanta, Georgia, United States

website

Category Company
Founded 1897
Sector Media
Employees7,017
Revenue 2.4B USD (2020)
DESCRIPTION

Gray is a television broadcast company that owns and/or operates television stations and major digital assets. Gray was founded in 1897 and is based in Atlanta, Georgia.

DEAL STATS #
Overall 5 of 21
Sector (Media) 4 of 20
Type (Divestiture) 4 of 15
State (Colorado) 1 of 1
Country (United States) 5 of 21
Year (2005) 1 of 4
Size (of disclosed) 15 of 17
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2002-12-18 Kolo-TV

Reno,, Nevada, United States

KOLO-TV operates on Channel 8 in the Reno, Nevada television market. KOLO-TV is a VHF television station that is affiliated with the ABC television network. KOLO-TV is the number one rated station in its market.

Buy $42M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2005-08-22 WSAZ-TV

Huntington, West Virginia, United States

WSAZ-TV, located in the state capital and largest city in West Virginia, is ranked #1 in overall share and news. This station has a proud heritage of serving the local communities of Charleston, Huntington and surrounding areas including portions of Ohio and Kentucky.

Buy $186M

Seller(S) 1

SELLER

Eagle Creek Broadcasting

Corpus Christi, Texas, United States
Category Company
Founded 2002
Sector Media
DESCRIPTION

Eagle Creek Broadcasting is a television broadcasting company that operates two CBS-affiliated stations in Corpus Christi and Laredo, TX. Eagle Creek Broadcasting was founded in 2002 and is based in Corpus Christi, Texas.

DEAL STATS #
Overall 1 of 1
Sector (Media) 1 of 1
Type (Divestiture) 1 of 1
State (Colorado) 1 of 1
Country (United States) 1 of 1
Year (2005) 1 of 1
Size (of disclosed) 1 of 1
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