Gray Trades With Marquee Broadcasting for Permit To Build Salt Lake Station

(Image credit: Gray Television)

Gray Television said it agreed to a swap that gives it Marquee Broadcasting’s FCC permit to build KCBU Salt Lake City, Utah, a new station.

Marquee receives KGWN Cheyenne, Wyoming, and KCWY Casper, Wyoming, from Gray.

Neither company will receive additional cash or compensation in the transaction.

Salt Lake City is market number 27. Cheyenne-Scottsbluff (Nebraska) is market 194 and Casper is market 198.

“Marquee is excited to acquire Gray’s leading stations in Wyoming and Western Nebraska,“ Marquee CEO Patricia Lane said. “We are looking forward to building on the legacy there.”

Patricia and Brian Lane founded Marquee in 2013. It focuses on smaller markets markets because that’s “where our community involvement can mean the most, and make the biggest difference.”

Marquee uses the motto “because local matters.”

Jon has been business editor of Broadcasting+Cable since 2010. He focuses on revenue-generating activities, including advertising and distribution, as well as executive intrigue and merger and acquisition activity. Just about any story is fair game, if a dollar sign can make its way into the article. Before B+C, Jon covered the industry for TVWeek, Cable World, Electronic Media, Advertising Age and The New York Post. A native New Yorker, Jon is hiding in plain sight in the suburbs of Chicago.