Grey Media stated it can purchase ten Allen Media Group stations in ten markets for $171 million.
The transfer will introduce Grey into three new markets, Columbus-Tupelo, Mississippi; Terre Haute, Indiana; and West Lafayette, Indiana.
Within the deal, Grey will get new duopolies in seven markets.
The transaction contains the next native tv stations:
WAAY (ABC) DMA 75 Huntsville, Alabama
WSIL (ABC) DMA 90 Paducah-Cape Girardeau-Harrisburg
WEVV (CBS/FOX) DMA109 Evansville, Indiana
WFFT (FOX) DMA110 Ft. Wayne, Indiana
WCOV (FOX) DMA 121 Montgomery, Alabam
KADN (FOX/NBC) DMA 124 Lafayette, Louisiana
WTVA (ABC/NBC) DMA134 Columbus-Tupelo, Mississippi
WREX (NBC) DMA137 Rockford, Illinois
WTHI (CBS/FOX) DMA159 Terre Haute, Indiana
WLFI (CBS) DMA189 West Lafayette, Indiana
Grey stated it anticipates closing the transaction within the fourth quarter of this 12 months following receipt of regulatory approval, together with sure waivers of FCC native possession guidelines, and different customary closing circumstances.
