Gray Television Inc and Excalibur Broadcasting LLC will purchase 15 television stations from Hoak Media LLC and Parker Broadcasting Inc for $335 million in cash. The transaction will add to Gray's portfolio of television stations throughout the Central United States, the company said.
Shares of GRAM fell by 0.5% or $-0.1/share to $19.96. In the past year, the shares have traded as low as $18.31 and as high as $22.14. On average, 99603 shares of GRAM exchange hands on a given day and today's volume is recorded at 400.
Gray Television, Inc. (Gray), is a television broadcast company. Shares of GTN traded higher by 9.78% or $0.92/share to $10.33. In the past year, the shares have traded as low as $1.99 and as high as $10.68. On average, 728320 shares of GTN exchange hands on a given day and today's volume is recorded at 87964.
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