Gray Closes Quincy Deal
Gray Television completed its $925 million purchase of Quincy Media and related divestiture to Allen Media, Gray said Monday. DOJ signed off last week (see 2107280060), and the FCC Media Bureau OK'd the transaction Friday. Similar to a Scripps purchase…
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also approved with little fanfare earlier this year, Gray/Quincy didn’t draw petitions to deny. The deal gets Gray into eight new markets and adds 12 stations. If Gray's purchase of Meredith's 17 TV stations is approved later in 2021 (see 2107150003), Gray will become the No. 2 U.S. TV broadcaster behind Nexstar.