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Gray Buys Colorado Stick

Gray Television Inc. is paying $13.5 million to Eagle III Broadcasting LLC for KKCO-TV, the NBC affiliate in Grand Junction, Colo. (the 189th-largest TV market out of 210).

The deal, subject to FCC approval, would give Gray the top-rated TV station in two of three Colorado TV markets, according to the company. It already owns KKTV Colorado Springs.

Gray, number 19 in B&C's latest top 25 station group list, already operates either 31 or 29 network affililiates (depending on whether the company's release or Web site are correct),  mostly in smaller markets.

Contributing editor John Eggerton has been an editor and/or writer on media regulation, legislation and policy for over four decades, including covering the FCC, FTC, Congress, the major media trade associations, and the federal courts. In addition to Multichannel News and Broadcasting + Cable, his work has appeared in Radio World, TV Technology, TV Fax, This Week in Consumer Electronics, Variety and the Encyclopedia Britannica.