FCC Approves First New Combination of Top-Four Rated Television Stations in More Than Five Years with Grant of Gray's KXLT Assignment Application

Group 1 - The Federal Communications Commission (FCC) has granted a waiver to Gray Media, allowing the acquisition of KXLT-TV (FOX) in Rochester, Minnesota, where Gray already owns KTTC-TV (NBC) [1] - This approval marks the first FCC authorization for a new combination of two full-power, top-four ranked television stations in the same market in over five years [1] - The processing time for this duopoly waiver is noted to be the shortest in the history of the FCC [1] Group 2 - Gray Media, Inc. is the largest owner of top-rated local television stations and digital assets in the United States, serving 113 television markets that reach approximately 37% of US television households [2] - The company operates in 78 markets with the top-rated television station and in 99 markets with the first and/or second highest-rated television station during 2024 [2] - Gray Media also owns the largest Telemundo Affiliate group with 44 markets and has a full-service digital agency, Gray Digital Media, providing advanced digital marketing strategies [2]