AcquisitionsMay 1, 2026, 08:31 PM
Gray Media Closes $171M Acquisition of Allen Media Group Stations
AI Summary
Gray Media, Inc. and Byron Allen’s Allen Media Group, Inc. announced the closing of their previously announced transactions. The total purchase price for these acquisitions amounted to $171 million, along with working capital adjustments. Gray Media completed the acquisition of stations in three new markets on March 26, 2026, and finalized the acquisition of stations in the remaining seven overlap markets on May 1, 2026.
Key Highlights
- Gray Media and Allen Media Group closed previously announced transactions.
- Total purchase price for the acquisitions was $171 million plus working capital adjustments.
- Gray acquired stations in three new markets on March 26, 2026.
- Gray acquired stations in seven overlap markets on May 1, 2026.