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Gray Television to buy Raycom Media in $3.6B deal

Posted online June 25, 2018 | 7:29 am

Gray Television today announced it will buy Raycom Media in a $3.6 billion cash-and-stock deal.

Combined, the company would operate 142 TV stations serving 92 markets.

Officials expect the deal to close in the fourth quarter.

Read more from Reuters.

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