Gray renews CBS network affiliations covering all 54 existing markets

Gray Television (GTN) has entered into a new agreement with Paramount Global (PARA) that renews all of Gray’s existing CBS network affiliations, encompassing seven markets acquired from Meredith Corporation and 47 legacy markets. As part of the agreement, Gray’s CBS affiliates will continue to be available locally to subscribers on Paramount+ and widely distributed across all traditional and virtual MVPD platforms. Gray is the largest independent owner of CBS affiliates in the country, covering nearly 18% of the U.S. television households and nearly 22 million households, the company noted. “At a time when local news is more valued than ever – and under greater pressure than ever – Gray is very pleased to have reached an agreement that builds upon the decades-long relationship with CBS in dozens of markets, large and small. With this renewal, we intend to continue to invest in local news, weather and sports reporting, while bringing CBS’ premium programming to our local communities,” said Pat LaPlatney, Co-CEO of Gray Television.