Gray Television, a US TV broadcast company, has made a $3 million strategic equity investment in Syncbak, a technology company that replicates over-the-air broadcasts for delivery OTT of the Internet – live and on-demand. In addition, Gray’s Chief Digital and Technology Officer, Jason Effinger, has joined Syncbak’s Board of Directors.
“We are excited to join the strong leadership and partners of Syncbak with today’s strategic investment,” said Gray CEO Hilton Howell. “From its founding, Syncbak has impressed us with its technology, its understanding of local broadcast operations, and its rapid adoption across the industry. Going forward, we now can participate even more meaningfully in the evolution of local broadcasting with the best team out there.”