ATLANTA - Gray Television, Inc. (NYSE: NYSE:GTN), a major owner of local television stations, has expressed optimism about the potential impact of a new streaming service proposed by media giants The Walt Disney Company (NYSE:DIS), Fox Corporation, and Warner Bros. Discovery (NASDAQ:WBD), Inc. The service, targeting sports fans without current pay-TV subscriptions, could include live signals from local ABC and Fox affiliates, alongside sports-focused cable channels.
The integration of local affiliates into the proposed streaming platform is viewed as an opportunity to broaden the reach of local broadcasting, which Gray believes is beneficial for viewers and communities alike. Local stations offer a mix of national and local sports coverage, as well as news, weather, and community service. The company anticipates that the venture could provide additional resources, enhancing the competitiveness and breadth of sports programming available to audiences.
Gray Television, headquartered in Atlanta, Georgia, operates a vast network of top-rated local television stations and digital assets across the United States. The company's stations reach approximately 36% of U.S. television households, with a significant presence in markets where they hold top-rated or highly ranked positions. Additionally, Gray owns various video program companies and studio production facilities.
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