Gray Television will sell two stations it’s in...

Gray Television will sell two stations it’s in the process of acquiring from Hoak Media to Nexstar Broadcasting for $33.5 million, Gray said in a news release Thursday (http://bit.ly/1i4PKBf). The Hoak deal involves eight stations, and Gray announced plans in November to divest Hoak stations in Panama City, Fla., and Grand Junction, Colo., to satisfy FCC ownership rules. In a related deal, Mission Broadcasting, which is affiliated with Nexstar, will acquire another station from Parker Broadcasting, Gray said. The deals will increase Nexstar’s “portfolio of stations that it owns, operates, programs or to which it provides sales and other services” to 108 stations in 56 markets, reaching close to 16 percent of all U.S. TV households, said Nexstar a new release (http://bit.ly/JMnyoy).