FCC Move to Reduce Consolidation, Close Media Ownership Loopholes, Already Increasing Diverse Ownership

Gray Television announced that it had secured new, diverse owners for six television stations that it had acquired and previously operated under shared service agreements.

The divestitures appear to be the direct result of recent statements by the Federal Communications Commission indicating that it would scrutinize any transfers of licenses that involve sidecar deals that indicate control or influence.

In Colorado, Gray will transfer one station to an Asian American husband and wife ownership team.

In North Dakota, one station will be transferred to a respected South Asian broadcaster.

Four other stations in various markets will be transferred to an ownership team consisting of two female broadcasters. All of the transfers result in full ownership and control of the broadcasting outlets by women and people of color.