FCC Approves First New Combination of Top-Four Rated Television Stations in More Than Five Years with Grant of Gray’s KXLT Assignment Application

ATLANTA, March 11, 2025 (GLOBE NEWSWIRE) -- The Federal Communications Commission (FCC) today granted a waiver of its local ownership rules to permit Gray Media to acquire KXLT-TV (FOX) in the Rochester, Minnesota, television market, where Gray already owns KTTC-TV (NBC). Today’s action represents the first FCC approval of a new combination of two full-power, top-four ranked, same-market television stations in over five years. Importantly, the FCC’s Media Bureau’s grant and written decision come just two months after the parties applied for approval of the transaction, which appears to represent the shortest processing time for a duopoly waiver in Commission history.

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