KBGFKruckeberg Botanic Garden Foundation (Seattle, Washington)
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Gray has reached an agreement with Intermountain West Communications Company ("IMW") for Gray to acquire KTVH, the NBC affiliate for the Helena, Montana, television market, and KBGF, the NBC affiliate for the Great Falls, Montana, television market.
Lisa Howfield, the President and COO of Intermountain West stated, "Selling KTVH and KBGF is a bittersweet moment for IMW.
The acquisitions of KTVH, KBGF, and KMTF will be immediately free cash flow accretive to Gray.