Byron Allen ‘s local TV liquidation has begun.

The comedian turned media mogul’s company Allen Media Group says that it has sold 10 of its local TV stations to Gray Media in a $171 million deal.

The stations, mostly in the south and midwest, largely complement Gray’s existing station portfolio of about 180 local stations in 113 markets by creating duopolies. However Gray says that the deal will also bring it into three new markets: Columbus-Tupelo, Mississippi; Terre Haute, Indiana; and West Lafayette, Indiana, once it closes.

Byron Allen ‘s local TV liquidation has begun.

The comedian turned media mogul’s company Allen Media Group says that it has sold 10 of its local TV stations to Gray Media in a $171 million deal.

The stations, mostly in the south and midwest, largely complement

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