ATLANTA, Ga. -- Gray Media has agreed to purchase television stations in 10 markets from Byron Allen's Allen Media Group for $171 million. This information is according to Gray Media Inc .
The acquisition will introduce Gray Media to new markets, including Columbus-Tupelo, Mississippi; Terre Haute, Indiana; and West Lafayette, Indiana.
Included on this agreement is WSIL-TV in the Paducah-Cape Girardeau-Harrisburg market.
The closure of the transaction is anticipated for the fourth quarter of 2025.
Moelis & Company LLC was acting as the exclusive financial adviser to Allen Media Group for this transaction, according to Gray Media, Inc.
The transaction includes the following television stations:
Huntsville, AL - WAAY (ABC)
Paducah-Cape Girardeau-Harrisburg - WSIL (ABC)
Evansville,