Gray Media (GTN) to Acquire Six TV Stations from American Spirit for $50 Million
Gray Media Inc. (NYSE:GTN) has agreed to acquire six television stations from American Spirit in a deal valued at $50 million, with an initial payment of $40 million financed through a recent private placement offering. The remaining balance is expected to be paid by the fourth quarter using cash reserves.
Tickers: $GTN
Topics: acquisitions media television stations