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Gray Acquisition of Schurz Clears Key Hurdle

Dec 22, 2015  •  Post A Comment

The acquisition of Schurz Communications by Gray Television, announced in September, cleared a key hurdle today with approval by the U.S. Department of Justice, B&C reports.

The $442.5 million acquisition still requires FCC approval, with Gray indicating it expects the deal to close in the first quarter of 2016, the story reports.

Gray and Schurz have reportedly agreed to sell some stations to obtain regulatory approval.

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