Gray Media Inc. to Expand Reach with Acquisition of TV Stations from Allen Media Group for $171 Million
Gray Media Inc. has announced its acquisition of television stations from Allen Media Group for $171 million, expanding into three new markets: Columbus-Tupelo, Mississippi; Terre Haute, Indiana; and West Lafayette, Indiana. This deal will also strengthen Gray's presence in seven additional markets by creating new duopolies, enhancing local news, weather, and sports programming. The transaction is expected to be completed in the fourth quarter of this year.
Gray Media Inc. has announced an agreement to acquire television stations in ten markets from Byron Allen’s Allen Media Group for $171 million. This acquisition will introduce Gray Media into three new markets: Columbus-Tupelo, Mississippi; Terre Haute, Indiana; and West Lafayette, Indiana, with the purchase of the top-rated local television station in each area for 2024. In addition, the transaction is expected to enhance Gray’s presence in seven other markets by creating new duopolies, enabling the company to expand its local news, weather, and sports programming. Completion of the transaction is anticipated in the fourth quarter of this year. Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Gray Media Inc. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: GNW9508994-en) on August 08, 2025, and is solely responsible for the information contained therein. © Copyright 2025 - Public Technologies (PUBT)
