Bought alot of GTN
. Ill sell if it goes too far under 5.71
"Existing federal rules prohibit television-station owners from owning licensed outlets that reach more than 39 percent of the U.S. population. Gray owns or operates hundreds of local stations. According to reporting from The Desk, “its size could prove problematic under existing regulations.”
That said, the company seems to be acting on the assumption that these national limits will soon be lifted by a Trump-friendly FCC. In August, Gray “inked a deal” with Allen Media Group to purchase ten additional stations.
And Gray is not alone. Executives at several other broadcast firms (see Nexstar and TEGNA for example) see a potential path to further consolidation thanks to the FCC chairman’s promise to re-regulate the sector to favor mergers and acquisitions. Many of these large broadcasters see getting on Carr’s good side as key to any future dealmaking. Gray CEO Hilton Howell Jr., doesn’t need to do much more to demonstrate his loyalty to Republican causes. His history of political support is apparent in his contributions to GOP candidates and Super PACs, and his X social-media feed features frequent praise for Donald Trump and Elon Musk."
#666 #TheDevilsReject #Copywrite
