Allen Media Group is continuing its run of local TV station acquisitions, paying $70 million to Gray Television for WJRT, an ABC affiliate in Flint-Saginaw, MI.The deal for Byron Allen’s company follows a $380 million pact announced in April for a batch of other stations in a separate arrangement with Gray related to the purchase of Quincy Media.
Allen said he intends for his company to soon become the largest station owner in the U.S., taking that crown from Nexstar Media Group.After the close of the transaction, Allen Media will have 24 local TV stations in 20 markets, as well as 12 networks, including the Weather Channel and streaming service Local Now.Gray’s divestiture of WJRT should ease the regulatory review of the company’s pending
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