Gray Media Inc. to Expand Reach with Acquisition of TV Stations from Allen Media Group for $171 Million
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Gray Media Inc. has announced its acquisition of television stations from Allen Media Group for $171 million, expanding into three new markets: Columbus-Tupelo, Mississippi; Terre Haute, Indiana; and West Lafayette, Indiana. This deal will also strengthen Gray's presence in seven additional markets by creating new duopolies, enhancing local news, weather, and sports programming. The transaction is expected to be completed in the fourth quarter of this year.
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