Gray Media's Strategic Expansion with FCC Approval of KXLT
Gray Media Receives Key FCC Approval for KXLT Acquisition
Gray Media has taken a significant step in enhancing its television station holdings by obtaining approval from the Federal Communications Commission (FCC) for the acquisition of KXLT-TV (FOX) in the Rochester television market. This landmark decision marks the first time in over five years that the FCC has permitted such a combination of two top-four ranked television stations within the same market.
Historic Waiver Granted
This approval came in the form of a waiver from the FCC's local ownership regulations, allowing Gray Media to merge its existing KTTC-TV (NBC) station with the newly acquired KXLT-TV. The expedited review process leading to this decision is touted as one of the quickest in the history of duopoly waivers granted by the FCC.
Company's Vision for the Future
Kevin Latek, Gray’s Chief Legal and Development Officer, expressed gratitude towards the FCC Media Bureau for their thorough review and understanding of the competitive landscape local television stations face today. He indicated that this acquisition allows Gray Media to harness the strengths of both KTTC-TV and KXLT-TV, ultimately enhancing service quality for viewers in the Rochester area.
About Gray Media
Gray Media, Inc. (NYSE: GTN) is a leading multimedia company with its headquarters in Atlanta, Georgia. The company stands as the largest owner of local television stations and digital assets, serving 113 television markets. Collectively, these markets reach approximately 37 percent of all television households across the United States.
Media Presence and Portfolio
The company's portfolio is particularly impressive, featuring 78 markets where they hold the top-rated television station and 99 markets with either the first or second highest-rated station as of the latest figures. Additionally, Gray Media boasts the nation’s largest Telemundo affiliate group, covering 44 markets.
Digital Marketing Services
Beyond television broadcasting, Gray Media engages in digital strategies through Gray Digital Media, which offers comprehensive marketing solutions. This branch provides both local and national clients with advanced digital products and services that enhance visibility and audience engagement.
Contact Information
For further inquiries, reach out to: Kevin P. Latek, Executive Vice President, Chief Legal and Development Officer, at 404-266-8333.
Frequently Asked Questions
What recent approval did Gray Media receive from the FCC?
Gray Media was granted a waiver by the FCC to acquire KXLT-TV (FOX) in Rochester, marking a significant regulatory approval for local television duopolies.
Why is this FCC approval important for Gray Media?
This approval allows Gray Media to enhance its service offerings and strengthen its presence in local television by combining resources from KTTC-TV and KXLT-TV.
How long did the FCC take to process this application?
The processing time for this waiver is noted as one of the fastest in the Commission's history for a duopoly approval.
What is Gray Media's role in the television industry?
Gray Media is the largest owner of local television stations in the U.S., serving a significant percentage of television households with a broad portfolio of top-rated stations.
How can I contact Gray Media for more information?
You can contact Gray Media through Kevin P. Latek at 404-266-8333 for inquiries regarding their operations or acquisitions.
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