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Fly News Breaks for September 15, 2015
GTN
Sep 15, 2015 | 07:11 EDT
After Gray Television acquired nine TV stations from Schurz and Schurz's radio stations in three markets, Wells says that the deal looks "extremely positive" for Gray. The firm says that the assets appear to be a "perfect fit" for Gray, and it estimates that the deal will raise the company's free cash flow by 43c per share. Wells keeps an Outperform rating on the stock.
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