Gray TV To Acquire Hoak Media, Parker Broadcasting Stations For $335 Million

Sioux Falls, Fargo among the DMAs in smaller market deal
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Gray Television and closely aligned Excalibur Broadcasting have agreed to acquire 15 stations from Hoak Media and Parker Broadcasting for $335 million in cash.

Separately, Excalibur has agreed to acquire two Fox-affiliated television stations in one of the markets served by Hoak from Prime Cities Broadcasting for $7.5 million.

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