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Gray Television, Inc. Announces Acquisition Of KSNB-TV In Lincoln, Nebraska

ATLANTA, Feb. 25, 2013 /PRNewswire/ -- Gray Television, Inc. ("Gray," "we," "us," or "our") (NYSE: GTN and GTN.A) today announced its acquisition of KSNB-TV, a full-power television station licensed to the Lincoln, Nebraska, market. 

On or about April 1st, Gray will re-launch KSNB as 10/11 Central Nebraska.  The station will provide Central Nebraska with the area's first high-definition live 5:30 PM and 9:00 PM newscasts.  Both newscasts will be devoted exclusively to the news weather and sports that matters most to the people of Central Nebraska.   

Additional programming will include other locally-produced programming such as Pure Nebraska, 10/11 PrepZone Weekly, and Star City Buzz.  The local lineup will be surrounded by popular primetime network programming from MyTV such as House, Monk and Law & Order: SVU, and syndicated favorites such as 30 Rock, Frasier, & Scrubs.

Bob Prather, President and COO of Gray, said: "We are excited by the opportunity to expand our investment in Central Nebraska.  This new station provides further evidence of Gray's long commitment to serving dynamic markets and the valued residents and businesses in those communities."

The Company

We are a television broadcast company headquartered in Atlanta, GA, which owns and operates television stations broadcasting 41 primary channels and 45 secondary channels in 30 television markets.  Nineteen of our primary channels and one secondary channel are affiliated with the CBS Network owned by CBS Inc. ("CBS"), ten primary channels are affiliated with the NBC Network owned by National Broadcasting Company, Inc. ("NBC"), eight primary channels and one secondary channel are affiliated with the ABC Network owned by American Broadcasting Company ("ABC"), and three primary channels and two secondary channels are affiliated with the FOX Network owned by the FOX Broadcasting Company ("FOX").  We also broadcast one primary channel affiliated with Antenna TV and 45 secondary channels that are affiliated with networks other than the "Big Four" networks listed above, specifically, the CW Network/ the CW Plus Network, MyNetwork, Untamed Sports Network, The Country Network, This TV Network, the MeTV Network, and Antenna TV.  In addition to our affiliated secondary channels, we broadcast nine local news/weather secondary channels in certain of our existing markets.

Web site: www.gray.tv

SOURCE Gray Television, Inc.

Bob Prather, President and Chief Operating Officer, +1-404-266-8333 or Jim Ryan, Senior V. P. and Chief Financial Officer, +1-404-504-9828