Gray to Buy LPTV Telemundo Affiliate in Atlanta Area
Gray Television will buy low-power Telemundo affiliate WKTB-CD Norcross Georgia from Capital Media, said a news release Monday. Along with the station, Gray is buying video production agency Surge Digital Media, the release said. “Upon closing this transaction, Gray will…
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own Telemundo affiliates in 12 markets, including the largest affiliate in the Eastern US, as well as 7 markets in Texas,” it said. The deal is expected to close in the next few months, pending regulatory approval, the release said. Terms weren't disclosed. Gray already owns full-power CBS affiliate WGCL-TV Atlanta and WPCH-TV Atlanta.