Gray Television, Inc. announced that it has reached agreements with Marquee Broadcasting, Inc. to swap television stations. Gray will sell its television stations in the Cheyenne-Scottsbluff and Casper television markets (DMAs 194 and 198, respectively) to Marquee in exchange for Marquee?s FCC permit authorizing the construction of new, unbuilt television station KCBU in the Salt Lake City market (DMA 27). Neither party will pay additional cash or consideration to fulfill the terms of this swap.

The transactions are expected to close simultaneously in the second quarter of 2024 following receipt of regulatory and other approvals.