Somehow, this didn't get much attention other than a paywalled Bloomberg article, but back on March 7th, the Court of Appeals issued a decision in Gray's appeal of the FCC's $518,283 fine against it over the KTVA/KYES acquisition.
They affirmed the FCC's ruling that Gray violated the top-four rule but vacated the fine, saying that the FCC did not say in the Notice of Apparent Liability for Forfeiture that it found Gray's conduct to be egregious (which is one of the factors in calculating fine amounts), only doing so in the Forfeiture Order. As a result, Gray couldn't respond to the FCC's finding in its response to the NAL. They also said that the FCC didn't adequately explain "how it considered whether Gray acted in good faith" in determining the fine amount.
The case will now go back to the FCC for further proceedings.
Court Opinion: https://docs.fcc.gov/public/attachments/DOC-410086A1.pdf