Gray Television to buy Raycom Media in $3.6 billion deal - Reuters

Gray Television to buy Raycom Media in $3.6 billion deal Reuters (Reuters) - Gray Television Inc GTN.O on Monday said it will acquire Raycom Media Inc, an employee-owned company, in a $3.6 billion cash-and-stock deal. The transaction will consist of $2.85 billion in cash, $650 million in a new series of preferred ...