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Thread: KEYC Mankato sold to Gray

  1. #1

    Join Date
    Jun 2012
    Location
    Mankato, MN
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    KEYC Mankato sold to Gray

    United Comm getting out of the TV business. They own KEYC Mankato, MN and WWNY/WNYF-CD Watertown, NY (both are CBS/FOX affiliates)

    http://www.keyc.com/story/39933764/g...ase-of-keyc-tv

    United Communications Corporation has reached an agreement to sell KEYC News 12 to Gray Communications.

    “Exiting the broadcast industry and communities we have come to love is very difficult,” explained United Communications’s president, Lucy Brown. “United’s Board came to this decision with a heavy heart, but one that looks to the future with great optimism. We determined that though our TV stations enjoy tremendous success, the time has come when ownership by a larger group offers greater prospects to compete in this new media environment. With Gray we found a broadcast company with shared values and commitments to localism. We are confident that Gray will provide the resources and leadership to allow our employees and stations to best serve their local communities going forward.”

    The purchase of KEYC News 12, FOX 12 Mankato and two stations in Watertown, New York, represents Gray’s first acquisitions in New York and Minnesota.

    United Communications has owned KEYC News 12 since 1977 when it purchased the station from Lee Enterprises. KEYC added a FOX affiliate in 2007.

    “We are honored to be selected by United as the new owners of legacy stations KEYC and WWNY,” said Kevin Latek, Gray’s chief legal and development officer. “We look forward to working with the dedicated employees to further enhance these stations’ record of service and success.”

    The sale is expected to be complete in the second quarter of 2019 following regulatory approvals. Gray Television will begin operating the stations on March 1, 2019 under an agreement with United Communications.

    Gray owns and/or operates television stations and leading digital properties in 91 television markets across the United States.

  2. #2

    Join Date
    Jun 2012
    Location
    Mankato, MN
    Posts
    2,095
    FCC gave its blessing on May 1st

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