A group of investors led by Seaport Capital, a New York-based private equity firm, and including Gray Television (NYSE: GTN), announced today that it has formed and provided growth capital to Family Entertainment Holdings, LLC (“FEH” or the “Company”), in partnership with an experienced team of live event entertainment executives including Ken Hudgens, Eric Cole, Tim Murray and Grant Reeves. FEH is a diversified, family-oriented entertainment holding company that seeks to develop successful live event formats and other entertainment intellectual property. Ken Hudgens will lead the Company as Chief Executive Officer.