Gray television, inc. (nyse:gtn) completed the acquisition of wvir-tv in charlottesville from waterman broadcasting corporation.

Gray television, inc. (nyse:gtn) agreed to acquire wvir-tv in charlottesville from waterman broadcasting corporation for $12 million on february 28, 2019. the consideration was paid using cash on hand. in a related transaction, gray television has entered into agreements to sell television stations wcav (cbs/fox) and wvaw (abc). as of may 31, 2019, gray television pre paid the purchase price to waterman.the transaction is subject to regulatory and other approvals. the transaction is expected to close in the second or third quarter of 2019. as of may 8, 2019, the transaction is expected to close in the second quarter of 2019. as of august 7, 2019, the transaction is expected to close in later, 2019. joan stewart of wiley rein llp acted as legal advisor to gray television, inc. peter tannenwald of fletcher heald & hildreth plc acted as legal counsel to waterman broadcasting corporation. gray television, inc. (nyse:gtn) completed the acquisition of wvir-tv in charlottesville from waterman broadcasting corporation on october 1, 2019. as of october 1, 2019, gray television divested wcav- tv (cbs/fox) and wvaw- tv (abc) to meet the regulatory requirements.
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