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 FCC granted a waiver allowing Gray Media to acquire KXLT-TV in Rochester, Minnesota, marking the first approval of a new combination of two top-ranked television stations in over five years [1] - The approval process for this duopoly waiver was notably swift, taking only two months, which is the shortest processing time in FCC history for such a request [1] - Gray Media aims to enhance service for viewers in the Rochester market by leveraging the combined resources of KTTC-TV and KXLT-TV [2] Group 2 - Gray Media, Inc. is the largest owner of top-rated local television stations in the U.S., serving 113 television markets and reaching approximately 37% of U.S. television households [2] - The company operates in 78 markets with the top-rated television station and in 99 markets with the first or second highest-rated television station as of 2024 [2] - Gray Media also owns Gray Digital Media, which provides advanced digital marketing strategies, and has various media properties including video production companies and studio facilities [2]