Business
Business

Atlanta’s Gray Television in $925 million deal for more stations

Gray Television Inc. of Atlanta is acquiring more stations for $925 million.

Credit: iStock/Getty

Credit: iStock/Getty

Gray Television Inc. of Atlanta is acquiring more stations for $925 million.
By Christopher Quinn
Feb 1, 2021

Gray Television Inc. of Atlanta has entered into an agreement to acquire nine TV stations from Quincy Media Inc. for $925 million in cash.

The stations would give Gray a presence in a total of 102 markets representing of 25.4% of U.S. households.

Quincy Media is a family-owned media company headquartered in Quincy, Illinois, that operates primarily in the Midwest.

Gray traces its roots begin to 1891 with the creation of the Albany Herald and says it owns or operates the number-one rated television station in 69 markets. Its media holdings in Georgia include WTOC11 in Savannah; WAGT26 in Augusta; WTVM9 in Columbus; and WALBNews10 in Albany.

Gray said it will divest itself of six Quincy TV stations in markets where it already owns stations to ease regulatory approvals.

The companies hope to close the deal in the second or third quarter of 2021.

About the Author

Christopher Quinn is a writer and editor who has worked for The Atlanta Journal-Constitution since 1999. He writes stories on Veterans Affairs, business including high-tech growth in metro Atlanta, Georgia's $72 billion farm economy, and he oversees assigning and editing news obituaries.

Follow Christopher Quinn on twitter
More Stories

Keep Reading

“Superman” was one of several Warner Bros. features filmed in Georgia. The director, James Gunn, has ambitions to shoot the second installment in the Peach State. (Jessica Miglio/Warner Bros. Pictures/TNS)

Credit: TNS

What you need to know about the Netflix bid to buy Warner Bros. Discovery

The blockbuster deal, totaling about $72 billion, will create a combined portfolio of many of Hollywood’s best known properties.

AI is reshaping fintech jobs. Georgia is building the talent to match.

Financial technology is the backbone of commerce and a pillar of Georgia’s economy, and it’s one that could be disrupted by artificial intelligence.

Why Big Tech sees Georgia farmland as ripe for data centers

As areas around Atlanta have moved to curtail data center development, tech giants are scouring rural areas to plant massive server farms.

The Latest

A new kind of hybrid, called e-Power, is coming to the U.S. from Nissan. Courtesy of Nissan

Credit: Courtesy of Nissan

OPINION

Nissan’s e-Power: An EV driving experience, fueled by gas

OPINION

December car sales are good but not magic

In the market for a luxury vehicle? You might reconsider Lincoln.

Featured

Former Fulton County election worker Ruby Freeman talks to her daughter, Wandrea ArShaye "Shaye" Moss, a former Georgia election worker, after she testified before the U.S. House Select Committee at its fourth hearing on its Jan. 6 investigation on Capitol Hill in Washington, D.C., on Tuesday, June 21, 2022. (Yuri Gripas/Abaca Press/TNS)

Credit: TNS

OPINION

The 2020 election interference case is gone, but it can’t be forgotten

The decision by a Georgia prosecutor not to pursue the massive Trump election interference case leaves some bad deeds unpunished.

Officials to install opioid reversal kits in Georgia’s public schools

The kits will contain Narcan, which can temporarily reverse the effects of an opioid overdose and restore breathing.

Odom-led comeback nets Conference USA championship for Kennesaw State

The Owls continue to be one of the most intriguing stories of the season, going from a two-win season to a conference title and beating the defending league champions.