Northern Lights Media, which is owned by Gray TV, has bought three Fairbanks, Alaska TV stations.
NBC affiliate KTVF, CBS affiliate KXD and Fox affiliate KFXF were sold by Tanana Valley Television and Chena Broadcasting to Northern Lights for $8 million in cash.
http://www.adweek.com/tvspy/gray-tv-affiliate-buys-3-alaska-stations/181583
These are two full-power stations and one low-power station. This would give Gray control of three of the Big 4 affiliations in Fairbanks.
There might be a failing-station waiver involved. Could anyone post the link to the paperwork?