In this paper, the problem of peak-to-average power ratio (PAPR) reduction of orthogonal frequency division multiplexing (OFDM) signals is investigated in the context of second generation of digital video broadcasting for terrestrial transmission (DVB-T2) and the American digital video broadcasting standard ATSC3.0. As a multicarrier modulation technique is characterized by a high PAPR of the transmitted signal and OFDM is prone to non-linear (NL) effects of power amplifiers. DVB-T2 and ATSC3.0 have adopted a gradient-based tone reservation (TR) PAPR reduction technique which is based on an iterative process where, at each iteration, a predefined kernel is used to reduce one peak in time domain. Recently, a new TR PAPR reduction technique termed individual carrier allocation for multiple peaks (ICMP), based on a novel kernel definition has been proposed. However, it suffers from latency issues in ATSC3.0 and higher modes of DVB-T2. So, we propose another novel TR technique, grouped ICMP (GICMP). The simulation results show that GICMP offers better performance than the gradient-based DVB-T2 algorithm. Furthermore, it not only yields the same performance as ICMP but also has less latency.