AcquisitionsMay 6, 2026, 05:27 PM
Gray Media Closes $80M Acquisition of Block Communications Stations
AI Summary
Gray Media, Inc. has completed its previously announced acquisition of television stations from Block Communications, Inc. for $80 million. This transaction expands Gray's portfolio by adding stations in Louisville, Kentucky; Springfield-Decatur, Illinois; and Lima, Ohio. The acquisition strengthens Gray's position as the nation's largest owner of top-rated local television stations, now serving 120 full-power television markets.
Key Highlights
- Closed acquisition of Block Communications, Inc. assets.
- Total purchase price of $80 million.
- Acquired television stations in Louisville, Kentucky.
- Acquired television stations in Springfield-Decatur, Illinois.
- Acquired television stations in Lima, Ohio.
- Expanded portfolio to 120 full-power television markets.
- Reaches approximately 37% of US television households.