Proposed buyout would join KUSA in Denver, local TV stations around Colorado

Colorado Politics: A proposed $8.5 billion merger of two of the nation’s largest local television companies would gather TV stations in Denver, Colorado Springs and Grand Junction under one corporate roof.

Atlanta-based Gray Television, which operates KKTV in the Springs and KKCO serving Grand Junction, is seeking to acquire Tegna, the Tysons, Virginia, owner of KUSA in Denver and its sister signal KTVD. Gray has offered a bid of about $20 a share in cash and stock for Tenga.

The companies also operate their stations’ affiliated websites.

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