Archive · 8 Aug 2025
Gray Media to Acquire 10 TV Stations from Allen Media
Two companies that own TV stations are making a deal.
Gray Media is buying 10 stations from Allen Media Group for $171 million.
This helps Gray Media grow into three new areas and become stronger in seven others, offering more news and sports.
Allen Media Group, who spent a lot of money to build up their stations, will use the money to pay off some of its debts.
The deal is expected to be finished by the end of the year if everything goes as planned.
Gray Media is acquiring 10 TV stations from Allen Media Group for $171 million.
The deal expands Gray's presence into three new markets: Columbus-Tupelo, Terre Haute, and West Lafayette.
The acquisition will strengthen Gray's position in seven existing markets.
Gray anticipates closing the transaction in Q4 pending regulatory approval.
Allen Media Group invested over $1 billion to build up its local station portfolio.
- Who
- Gray Media is acquiring the stations from Byron Allen’s Allen Media Group.
- What
- Gray Media is acquiring 10 television stations from Allen Media Group.
- When
- The deal is expected to close in the fourth quarter.
- Where
- Across multiple markets including Columbus-Tupelo, Terre Haute, and West Lafayette.
- Why
- To strengthen Gray's market presence and allow Allen Media Group to pay down debt.
Allen Media Group
Gray Media
Financial Strategy
Allen Media Group
Selling stations to pay down debt.
Gray Media
N/A
- Buyer
- Gray Media
- Seller
- Allen Media Group
- Deal Value
- $171 million
- Stations Acquired
- 10
- New Markets
- Columbus-Tupelo, Terre Haute, West Lafayette
- Closing Anticipated
- Q4 pending approval