Gray Media is expanding its presence in Alabama with its latest major purchase agreement.
According to a press release, Huntsville's WAAY and Montgomery's WCOV are part of a 10-station, $171 million deal between Gray Media and Byron Allen’s Allen Media Group.
The release stated, "The transaction would bring Gray into three new markets – Columbus-Tupelo, Mississippi; Terre Haute, Indiana; and West Lafayette, Indiana – with the acquisition of the local television station in each market that had the highest all-day ratings in 2024, according to Comscore. Gray expects the transaction to strengthen the company’s presence in the seven other markets by creating new duopolies that would allow Gray to preserve and deepen public service to their communities with expanded local news, local weather, and local sports programming."
The deal also includes:
- Paducah-Cape Girardeau-Harrisburg, Ky.'s WSIL
- Evansville, Ind.'s WEVV
- Ft. Wayne, Ind.'s WFFT
- Lafayette, La.'s KADN
- Columbus-Tupelo, Miss.'s WTVA
- Rockford, Ill.'s WREX
- Terre Haute, Ind.'s WTHI
- West Lafayette, Ind.'s WLFI
According to Gray Media, which is headquartered in Atlanta, Ga., the deal should close in the fourth quarter of 2025 after regulatory approval, including certain waivers of FCC local ownership rules, and other customary closing conditions.
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