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Gray Looking to Buy More Stations
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1 Articles
Gray Looking to Buy More Stations
Atlanta-based Gray Media is expanding its U.S. television presence by acquiring stations in at least five new markets through deals with SagamoreHill Broadcasting, Block Communications, and Allen Media Group. The deal with Block is valued at $80 million and the Allen Media deal at $171 million. Gray also recently arranged a station swap with the E.W. Scripps Company.If approved by regulators, the transactions will create 11 new "top-four duopoli…
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