Broadcasting company Gray Media announced on Friday that it has reached an agreement to purchase 10 television stations from Byron Allen’s Allen Media Group for $171 million.
The purchase would include southern Illinois TV station WSIL, channel 3, an ABC-TV affiliate that serves the Paducah-Cape Girardeau-Harrisburg market.
Gray Media is the parent company of KFVS-12 in Cape Girardeau.
According to a Gray TV press release , the transaction creates duopolies in several of the markets that Gray says would allow them to "preserve and deepen public service to their communities with expanded local news, local weather, and local sports programming."
Other markets in the deal include Huntsville, Alabama: Montgomery, Alabama; Columbus-Tupelo, Mississippi; Lafayette, Louisiana; Rockford, Illi