Attachment Exhibit E

This document pretains to SES-ASG-20190221-00156 for Assignment on a Satellite Earth Station filing.

IBFS_SESASG2019022100156_1628175

                                         Description of Transaction

Gray Television, Inc. (“Gray”), through various subsidiaries, holds FCC licenses for television stations and
their associated earth station licenses. Currently, Gray is the sole shareholder of WVLT-TV, Inc. (“WVLT”)
and Gray Media Group, Inc. (formerly known as Raycom Media, Inc., “GMGI”). WVLT in turn is the sole
shareholder of Gray Television Group, Inc. (“GTGI”), which is the sole member of Gray Television
Licensee, LLC. (“Gray Licensee”). GMGI is the sole shareholder of the following licensee entities: Raycom
Media Licensee, LLC (“Raycom Licensee”); WXIX License Subsidiary, LLC; KNIN License Subsidiary,
LLC; WBRC License Subsidiary, LLC; WFLX License Subsidiary, LLC; WVUE License Subsidiary, LLC;
and KYOU Raycom License Subsidiary, LLC. (collectively, the “Raycom Fox Licensees”).
This application is one in a series of applications seeking Commission consent to the pro forma
reorganization of Gray to streamline its ownership structure. Specifically, this application seeks consent to
the pro forma assignment of the licenses held by the Raycom Fox Licensees to Gray Licensee.
Upon consummation of the pro forma transactions described in this application and the footnoted
applications, the attributable interests in the FCC licenses will continue to be held in substantially the same
proportions and by substantially the same persons who were previously approved to hold those ownership
interests. Accordingly, this transaction involves no substantial change in the beneficial ownership of the
Licensees and use of the FCC Form 316 is appropriate. Gray’s qualifications were most recently passed
upon by the Commission in connection with its acquisition of Raycom Media, Inc.1 Because this transaction
is being undertaken solely for internal corporate purposes, there are no agreements relevant to this transfer.
Additional information concerning the officers and directors of Gray and its subsidiaries is provided below.




1
 See BALCDT-20180709ACP, BAL-20180709ACQ, BALCDT-20180709ADP, BAL-20180709ADQ, BAL-
20180709ADR, BALCDT-20180709ACS, BALCDT-20180709ABP, BTCCDT-20180709ABN, BALCDT-
20180709AEW, BALCDT-20180709AEX, BALCDT-20180709ADD, BALCDT-20180709ACZ, BALCDT-
20180709ACH, BALH-20180709ACI, BAL-20180709ACJ, BALCDT-20180709ADY, BALCDT-20180709ADZ,
BALCDT-20180709AEA, BALCDT-20180709AEB, BAL-20180709AEC, BAL-20180709AED, BAL-20180709AEE,
BALCDT-20180709ACV, BALCDT-20180709ADB, BALCDT-20180709ABT, BALCDT-20180709ABV, BALCDT-
20180709ADF, BALH-20180709ADG, BALCDT-20180709ADH, BAL-20180709ADI, BAL-20180709ADJ,
BALCDT-20180709ABZ, BAL-20180709ACA, BAL-20180709ACB, BTCCDT-20180709ABS, BALCDT-
20180709ADM, BALCDT-20180709ADU, BALCDT-20180709ADW, BALCDT-20180709AFB, BALCDT-
20180709AEU, BTCCDT-20180709ACG, BALCDT-20180709ABQ, BALCDT-20180709ABR, BALCDT-
20180709ABY, BALCDT-20180709AEG, BALCDT-20180709ADT, BALCDT-20180709ADK, BALCDT-
20180709ACC, BALCDT-20180709ACE, BALCDT-20180709ACU, BALCDT-20180709ACY, BTCCDT-
20180709ACL, BALCDT-20180709ACF, BTCCDT-20180709ACO, BALCDT-20180709ACD


The following charts provide the ownership information for the ownership structure of Gray Television, Inc.
following consummation of the pro forma transaction.
                                     Gray Television Licensee, LLC


        1    Gray Television Licensee, LLC                Gray Media Group, Inc.
             4370 Peachtree Road, NE                      4370 Peachtree Road, NE
             Atlanta, GA 30319                            Atlanta, GA 30319
        2    Delaware Limited Liability Company           Delaware Corporation
        3    N/A                                          Sole Member
        4    N/A                                          100%
        5    N/A                                          N/A


    Name                           Citizenship     Positional Interest     % Votes      % Total
                                                                                        Assets
    Hilton H. Howell, Jr.          US              Director/Officer        0%           0%
    D. Patrick LaPlatney           US              Director/Officer        0%           0%
    Kevin P. Latek                 US              Director/Officer        0%           0%
    James C. Ryan                  US              Officer                 0%           0%
    Robert J. Folliard, III        US              Officer                 0%           0%
    Ellenann Yelverton             US              Officer                 0%           0%
    Robin Collins                  US              Officer                 0%           0%


                                          Gray Media Group, Inc.
                                        (formerly Raycom Media, Inc.)

        1    Gray Media Group, Inc.                       Gray Television, Inc.
             4370 Peachtree Road, NE                      4370 Peachtree Road, NE
             Atlanta, GA 30319                            Atlanta, GA 30319
        2    Delaware Corporation                         Georgia Corporation
        3    N/A                                          Sole Shareholder
        4    N/A                                          100%
        5    N/A                                          N/A


    Name                           Citizenship     Positional Interest     % Votes      % Total
                                                                                        Assets
    Hilton H. Howell, Jr.          US              Director/ Officer       0%           0%
    D. Patrick LaPlatney           US              Director/Officer        0%           0%
    Kevin P. Latek                 US              Director/Officer        0%           0%


The individuals listed below are officers of Gray Media Group, Inc. and U.S. Citizens. They hold no voting
interest or percentage of the total assets.
       James C. Ryan                    Mark Gentner                     Debbie Bush
       Robert J. Folliard, III          Michele D. Godard                Daniel Cates


Ellenann Yelverton      Chris Gross         Chris Conroy
Bob Smith               Liz Haltiwanger     Ronna Corrente
Nick Waller             Jasmine Hardin      Scott Dempsey
Sandy Breland           Luis Villarreal     Eric Duncan
Dave Burke              Nancy Johnson       Mike Elrod
Matt Jaquint            Eric Krebs          Ted Fortenberry
Mike King               Allan Lancaster     Collin Gaston
Nick Matesi             Kelly Landeen       Kym Grinnage
Greg McCastle           Steve Lavin         John Heislman
Chris Mossman           Kim Lee             Jay Hiett
J. Bradley Streit       Ken Long            Tim Ingram
Mike Braun              Laura Long          Daniel Jackson
Becky Meyer             Brian McDonough     Jama Killingworth
John C. Alexander       Neil Middleton      Brent McClure
Rick Burns              Matt Moran          Mark Mendenhall
Robin Collins           Brad Moses          Sarah Miles
Greg Conklin            Terry McHugh        Jonathan Mitchell
Jackson S. Cowart, IV   Tim Myers           Kelvin Mize
Sabra Cowart            Mike Oates          Erik Schrader
Mike Fass               John O’Brien        Lyle Schulze
Jan Goldstein           Brad Odil           Joe Sciortino
Mike Jones              Heather Peeples     Ken Selvaggi
Vance F. Luke           Debbie Petersmark   Larry Sibermann
Becky Sheffield         Thom Pritz          Kathy Silk
Diane Wilson            Matt Pumo           Pat Stacey
Karen Youger            Sasha Purciful      Holly Steuart
Jeff Anderson           Sue Ramsett         Dave Thomason
Jay Barton              Rick Rhoades        John Ware
Jim Beck                Barry Schumaier     Hatton Weeks
James Berman            Andrew Stewart      Rick Williams
Spencer Bienvenu        Stacey Stewart      Tim DeFazio
Shannon Booth           Don Vesely          Matt Eldredge
Roger Brokke            Pete Veto           Chris Fedele
Ulysses Carlini         Tim Walker          Chris Fry
Ike Walker              Ike Walker          Bruce Austin
Alan Chatman            Tregg White         Jeffrey Benninghoff
Tim Coles               Josh Young
Don Davis               Mark Bunting
Rick Dean               Rick Blangiardi


                                                Gray Television, Inc.
The following individuals or entities are an officer, director or hold an attributable interest in Gray
Television, Inc.

    Name                               Citizenship     Positional Interest      % Votes              % Total Assets
    Harriet J. Robinson2               US              Owner                    28.32%               6.37%
    Hilton H. Howell, Jr.3             US              Director/ Officer        6.66%                1.86%
    Atlantic American Corporation4     US              Owner                    6.0%                 1.1%
    Richard L. Boger                   US              Director                 Less than 1%         Less than 1%
    T.L.(Gene) Elder                   US              Director                 Less than 1%         Less than 1%
    Luis A. Garcia                     US              Director                 Less than 1%         Less than 1%
    Richard B. Hare                    US              Director                 Less than 1%         Less than 1%
    Robin R. Howell                    US              Director                 Less than 1%         Less than 1%
    Howell W. Newton                   US              Director                 Less than 1%         Less than 1%
    Hugh E. Norton                     US              Director                 Less than 1%         Less than 1%
    Elizabeth R. Neuhoff               US              Director                 Less than 1%         Less than 1%
    D. Patrick LaPlatney               US              Director/Officer         Less than 1%         Less than 1%
    Paul McTear                        US              Director                 Less than 1%         Less than 1%
    Rick Burns                         US              Officer                  Less than 1%         Less than 1%
    Robin Collins                      US              Officer                  Less than 1%         Less than 1%
    Kevin P. Latek                     US              Officer                  Less than 1%         Less than 1%
    James C. Ryan                      US              Officer                  Less than 1%         Less than 1%
    Bob Smith                          US              Officer                  Less than 1%         Less than 1%
    Nick Waller                        US              Officer                  Less than 1%         Less than 1%
    Jackson S. Cowart, IV              US              Officer                  Less than 1%         Less than 1%
    Sabra Cowart                       US              Officer                  Less than 1%         Less than 1%
    Robert J. Folliard, III            US              Officer                  Less than 1%         Less than 1%
    Vance F. Luke                      US              Officer                  Less than 1%         Less than 1%
    Jan Goldstein                      US              Officer                  Less than 1%         Less than 1%
    Becky Sheffield                    US              Officer                  Less than 1%         Less than 1%
    Ellenann Yelverton                 US              Officer                  Less than 1%         Less than 1%




2
           The attributable ownership interest reported herein for Harriet Robinson includes:
(i) her ownership of Class A Common Stock (ten votes each share) and Class B Common Stock (one vote each share);
(ii) the stock held in trust for children or grandchildren; and
(iii) shares held by companies controlled by Mrs. Robinson that own both Class A Common and Class B Common
Stock of Gray except Atlantic American Corporation, which is reported separately above.

3
           The attributable ownership interest reported herein for Hilton H. Howell, Jr. includes:
(i) his individual ownership of Class A Common Stock (ten votes each share) and Class B Common Stock (one vote
each share); and
(ii) the stock owned by his wife, Robin R. Howell, and children.
It is not represented that Mrs. Howell’s media interests are independently held and not subject to common influence or
control. See In re Clarification of Commission Policies Regarding Spousal Attribution, Policy Statement, 7 FCC Rcd
1920, para. 1 (finding that “spouses’ media interests will not be attributed where the spouses’ disclosures confirm that
such media interests are independently held and are not subject to common influence or control.”)
4
         Atlantic American Corporation is controlled by Mrs. Robinson who owns more than 50% of the stock of this
corporation.



4851-5492-8776.1



Document Created: 2019-04-22 14:59:03
Document Modified: 2019-04-22 14:59:03

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