Gray Media has reached an agreement with Byron Allen’s Allen Media Group to acquire AMG’s television stations in 10 markets for $171 million. The transaction would bring Gray into three new markets — Columbus-Tupelo, Miss.; Terre Haute, Ind.; and West Lafayette, Ind. — with the acquisition of the local television station in each market that had the highest all-day ratings in 2024, according to Comscore. Gray expects the transaction to strengthen the company’s presence in the seven o...
