M&A Deal Summary

Gray Acquires WCAX-TV

On May 4, 2017, Gray acquired media company WCAX-TV for 29M USD

Acquisition Highlights
  • This is Gray’s 17th transaction in the Media sector.
  • This is Gray’s 12th largest (disclosed) transaction.
  • This is Gray’s 18th transaction in the United States.
  • This is Gray’s 1st transaction in Vermont.

M&A Deal Summary

Date 2017-05-04
Target WCAX-TV
Sector Media
Buyer(s) Gray
Deal Type Add-on Acquisition
Deal Value 29M USD

Target

WCAX-TV

Burlington, Vermont, United States
WCAX-TV is available in wide-screen high-definition. WCAX-TV takes pride in ability to keep pace with the increasingly complex technological advances being made in television today. From the early days of black and white to our full-color conversion in 1969, WCAX-TV has been the leader in the local marketplace for utilizing current technology to serve viewers.

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Buyer(S) 1

Buyer

Gray

Atlanta, Georgia, United States

Category Company
Founded 1897
Sector Media
Employees9,374
Revenue 3.3B USD (2023)
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 18 of 21
Sector (Media) 17 of 20
Type (Add-on Acquisition) 4 of 5
State (Vermont) 1 of 1
Country (United States) 18 of 21
Year (2017) 2 of 2
Size (of disclosed) 12 of 17
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-02-16 Diversified Communications - Two Television Stations

Portland, Michigan, United States

Diversified Communications, Inc. - Two Television Stations includes WABI (CBS/CW) in the Bangor, Maine market (DMA 156) and WCJB (ABC/CW) in the Gainesville, Florida market (DMA 161).

Buy $85M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-06-25 Raycom Media

Montgomery, Alabama, United States

Raycom Media, Inc. is a privately-owned local media companies and owns and/or provides services for 65 television stations and 2 radio stations in 44 markets located in 20 states. Raycom Media owns or provides services for stations covering 16% of U.S. television households and employs over 8,300 individuals in full and part-time positions. Raycom Media was founded in 1996 and is based in Montgomery, Alabama.

Buy $3.6B