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Gray Media acquires Allen Media Group's stations for $171M, expanding into ten markets.
Gray Media Inc. is acquiring television stations from Allen Media Group for $171 million, expanding into three new markets by the end of the year.
The deal includes stations in ten markets, though Gray Media's stock fell 3.62% to $3.9900 following the announcement.
The acquisition will extend Gray Media's reach into areas like Columbus-Tupelo in Mississippi and Terre Haute and West Lafayette in Indiana.
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Gray Media adquiere las estaciones de Allen Media Group por $171M, expandiéndose en diez mercados.