News 2 getting new management company

By Geert De Lombaerde Posted on July 22, 2009 at 5:34 pm

Atlanta-based Gray Television has reached a deal with creditors of bankrupt Young Broadcasting to take over the management of seven of the latter’s TV stations, including News 2.

Gray (Ticker: GTN) runs more than 30 stations around the country, including stations in Knoxville and Bowling Green. Young President Deb McDermott, who ran News 2 before moving up the ladder, is getting a new contract.

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Tags: acquisitions, bankruptcy, broadcasting, Deborah A. McDermott, Gray Television Inc., media, News 2, television stations, WKRN, Young Broadcasting Inc.