Gray Media and Allen Media Group Close Station Transactions
ATLANTA—Gray Media has closed on its previously announced purchase of 10 stations from Byron Allen’s Allen Media Group for $171 million plus working capital adjustments.On March 26, Gray closed on stations in three new markets: Columbus-Tupelo, Miss.; Terre Haute, Ind.; and West Lafayette, Ind. It acquired the seven remaining stations, all in overlap markets, on May 1.The deal included the following stations:
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DMA 75: WAAY, Huntsville, Ala. (ABC)DMA 90: WSIL, Paducah-Cape Girardeau-Harrisburg, Mo. (ABC)DMA 109: WEVV, Evansville, Ind. (CBS/Fox)DMA 110: WWFT, Fort Wayne, Ind. WFFT (Fox)DMA 121: WCOV, Montgomery, Ala. (Fox)DMA 124: KADN, Lafayette, La. (Fox/NBC)DMA 134: WTVVA, Columbus-Tupelo, Miss. (ABC/NBC)DMA 137: WREX, Rockford, Ill. (NBC)DMA 159: WTHI, Terre Haute, Ind. (CBS/FOX)DMA 189 WLFI, West Lafayette, Ind. (CBS)The professional video industry's #1 source for news, trends and product and tech information. Sign up below.
