Gray To Buy Two West Virginia Stations for $26.5 Million
Gray Television will buy Clarksburg, West Virginia, stations WDTV and WVFX for $26.5 million from Withers Broadcasting, Gray said in a news release Friday. “For the past several years, Withers has owned and operated WDTV and WVFX as a legal…
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duopoly, under an FCC Failing Station Waiver, an arrangement that Gray expects to continue,” the buyer said. “We plan to close the acquisition in multiple steps between June 2016 and a date after the conclusion of the pending FCC spectrum auction.”