Gray Buying WAGM For $10.25M

[mvcg66b3r]

Gray Television today reached an agreement with NEPSK Inc. to acquire WAGM Presque Isle, Maine (DMA 205), for $10.25 million in cash. WAGM's two digital channels are affiliated with CBS and Fox.

WAGM serves an expansive DMA that is geographically larger than the states of Connecticut and Rhode Island combined, as well as the western portion of the Canadian province of New Brunswick outside of the Nielsen-defined DMA boundaries.

http://www.tvnewscheck.com/article/84813/gray-buying-wagm-for-1025m

 

[newsbot2]

This transaction begs a couple of questions. And does this acquisition signal Gray Television's greater interest in this region? Does this mean NEPSK's cable system (Polaris Cable) is in play?

 

[newsbot2]

As of Wednesday Gray is the official owner of WAGM.

 

[alg2468]

I wonder why WAGM does not create additional subchannels for ABC and NBC.

 

[newsbot2]

I wonder why WAGM does not create additional subchannels for ABC and NBC.

I suppose it is possible, but they would have to be SD (as FOX is already) and artifacts would increase exponentially. Another possible tack would be for Gray to build out a network of LD stations and carry ABC and NBC on them. Gray has used the LD method to get around ownership limits in smaller markets.

 

[newsbot2]

Gray-designed WAGM website launches

Faster-loading and cleaner layout but the on-demand newscasts are gone and live streaming is a work in progress. Just a coincidence, of course, but WABI uses Livestream, too...
http://www.wagmtv.com/