FCC OKs Gray-Schurz Deal With Strings

Following approval by the Justice Department in December 2015, the Federal Communications Commission gave its blessing to the proposed acquisition of Schurz Communications’ TV and radio stations by Gray Television for $442.5 million. The FCC told Gray that it granted the applications to purchase the TV stations, granting some waivers of local ownership rules in five markets, but denying it a waiver to continue a Joint sales Agreement in Wichita-Hutchinson (KS).