Gray Media Inc. to Expand Reach with Acquisition of TV Stations from Allen Media Group for $171 Million

Reuters

Aug 08, 2025

Gray Media Inc. to Expand Reach with Acquisition of TV Stations from Allen Media Group for $171 Million

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.

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ID: GNW9508994-en) on August 08, 2025, and is solely responsible for the information contained therein.</span></em>\n</div></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4125","symbol_name":"广播","start_time":0,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20250808:nNDLbpmFT:1","article_id":"2557352150","we_media_id":"1032215980","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2557352150","pubTimestamp":1754654433,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1032215980","head_image":"https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48"},"summary":"Gray Media Inc. has announced an agreement to acquire television stations in ten markets from Byron Allen's Allen Media Group for $171 million. 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