The media market continues to change in Alaska, with the sale of KTVA to Gray Television, the parent company of KTUU, which is the station’s competitor.
GCI said Friday it will leave the television business, which it entered in 2013 with Denali Media Holdings; it owned and operated stations in Anchorage, Juneau, Sitka, and Ketchikan. All of the stations are now sold to Gray, a company based in Atlanta.
The Southeast Alaska stations were recently sold to Gray as well.
According to the press release from GCI that Must Read Alaska has not yet seen, Denali had been trying to find a buyer, but was unsuccessful.
“The inability to identify a buyer threatened to jeopardize KTVA’s ability to continue to deliver local news programming,” the release stated.
No press release was released by Gray by midday. The price of the transaction was not given.
Programming from KTVA will be switched to KYES-TV, Channel 5 in Anchorage, beginning Friday, July 31.