The future is uncertain for many employees of Anchorage CBS affiliate KTVA, after the television station’s owner, telecommunications company GCI, announced in late July that it’s getting out of the broadcast television business.
GCI has sold most of KTVA’s assets to Atlanta-based Gray Television, which already owns KTVA’s main local competitor, NBC affiliate KTUU, the top station in the market.
Having one company own the first- and second-ranked stations in the same market is allowed under a special exception by the Federal Communications Commission with approval, after GCI was unable to find another buyer. GCI is also selling its CBS stations in Juneau, Sitka and Ketchikan to Gray.
The deal comes just seven years after GCI bought KTVA, spent tens of millions of dollars to compete with KTUU, and made only slight gains in viewership.
https://www.alaskapublic.org/2020/0...er-gci-sells-television-assets-to-competitor/
This affects KTVA-TV