Gray Television reported higher fourth-quarter profits as a rush of political advertising boosted revenue.
Gray Television said it reached an agreement to buy Quincy Media for $925 million in cash, continuing the consolidation of the local broadcast business.
Gray Television said that its TV stations and digital services have run more than $400 million in political advertising so far this year.
Gray Television said it powered up its first TV station using the NextGen TV ATSC 3.0 broadcast standard with the low-power WNXG in Tallahassee, Florida.
Comscore said it signed a renewal agreement with Gray Television that includes additional stations in the station owners portfolio of TV stations.
Gray Television reported higher third-quarter profits as its stations garnered $128 million in political ad revenue.
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