Gray Media said it will buy ten Allen Media Group stations in ten markets for $171 million.
The move will introduce Gray into three new markets, Columbus-Tupelo, Mississippi; Terre Haute, Indiana; and West Lafayette, Indiana.
In the deal, Gray will get new duopolies in seven markets.
The transaction includes the following local television stations:
WAAY (ABC) DMA 75 Huntsville, Alabama
WSIL (ABC) DMA 90 Paducah-Cape Girardeau-Harrisburg
WEVV (CBS/FOX) DMA109 Evansville, Indiana
WFFT (FOX) DMA110 Ft. Wayne, Indiana
WCOV (FOX) DMA 121 Montgomery, Alabam
KADN (FOX/NBC) DMA 124 Lafayette, Louisiana
WTVA (ABC/NBC) DMA134 Columbus-Tupelo, Mississippi
WREX (NBC) DMA137 Rockford, Illinois
WTHI (CBS/FOX) DMA159 Terre Haute, Indiana
WLFI (CBS) DMA189 West Lafayette, Indiana
Gray said it anticipates closing the transaction in the fourth quarter of this year following receipt of regulatory approval, including certain waivers of FCC local ownership rules, and other customary closing conditions.
