Television broadcasting company owning and operating TV stations in smaller markets.
Acquired by KKR2002-08-20
Local TV broadcaster focused on smaller markets with strong community connections
Significant newsroom layoffs, leading to reduced local news coverage and less in-depth reporting
Consolidation of newsrooms across Gray Television's local stations, resulting in less unique local content
Implementation of paywalls or increased subscription requirements for access to local news content
Reduction or elimination of print editions of local newspapers owned by Gray Television
Cuts to investigative journalism teams, leading to fewer exposés on local issues and government accountability
Acquisition announced, promises of 'investment' in local news, followed by initial round of newsroom layoffs and 'restructuring'
Further cuts to print schedules, more content consolidation across stations, and implementation of paywalls
Noticeable decline in quality of local news coverage, fewer in-depth reports, and increased reader complaints about reduced access to content
Other companies that followed a similar path after PE acquisition
Actively support and subscribe to local news sources that remain independent and focused on in-depth community reporting
Advocate for local government and civic organizations to provide alternative sources of information and transparency if the quality of Gray Television's local news coverage declines
Be vigilant for any signs of reduced local news coverage or access to content, and voice concerns to Gray Television and local officials
Look for family-owned or employee-owned businesses