Brian Steinberg Senior TV EditorByron Allen’s Allen Media has agreed to buy seven TV stations from Gray Television Inc. for $380 million in cash, the companies announced Thursday.
Gray is divesting the stations as a condition of acquiring the assets of Quincy Media Inc.Allen Media owns and operates TV stations in 12 markets and operates cable’s The Weather Channel, among other media properties.Allen Media will buy KVOA in Tucson, AZ; WKOW in Madison, WI; WSIL in Paducah KY; KWWL in Cedar Rapids IA; WXOW in La Crosse WI; WAOW in Wasau and Rhinelander WI; and WREX in Rockford IL.Gray said it expects the sales of the divested stations to close in the third quarter of 2021, concurrent with its Quincy purchase.
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