Gray TV to Manage 10 Young Broadcasting Stations on Behalf of Lenders

Jul 22, 2009  •  Post A Comment

It appears that Gray Television has come out on top to manage 10 Young Broadcasting stations, TVNewsday reports.

In a bankruptcy filing early Wednesday, Gray will be managing the Young stations stations on behalf of the secured lenders that will end up owning the stations.

Court approval of the deal may happen as early as late Wednesday, while Gray may begin managing the stations as soon as the FCC approves license transfers within 90-120 days.

–Sergio Ibarra

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