Gray Television acquires WNDU-TV from Notre Dame

by Dennis Brown


Gray Television, Inc. and the University of Notre Dame today announced Gray has acquired all of the capital stock of Michiana Telecasting Corp., the University-owned company that operates WNDU-TV, for $85 million in cash.

Founded by Notre Dame in 1955, WNDU-TV (Channel 16) is the NBC affiliate serving the South Bend-Elkhart,Ind., television market, the nations 87 th largest Designated Market Area.

Notre Dame will use the $85 million for student and academic initiatives, with most of the money to be invested in the Universitys endowment, according to John Affleck-Graves, the Universitys executive vice president. Internships for Notre Dame students at WNDU-TV will continue, he said.

With the completion of the acquisition of WNDU-TV, Gray (NYSE:GTN and GTN.a) now owns 35 stations serving 30 television markets. The combined station group has 24 stations ranked No. 1 in local news audience, 24 stations ranked No. 1 in overall audience within their respective markets, and reaches approximately 6 percent of total U.S. TV households.

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