Gray Television, the listed tv company based in Atlanta, US, is to buy Quincy Media, a family-owned company with a portfolio of tv, news, and radio stations in the US midwest for $925m. Gray has TV stations in 94 US markets which will expand now to 102 markets, reaching 25% of all US homes. The deal will not include Quincy’s newspapers which will be divested prior to the deal. Gray will also offload some tv stations in markets where it has overlap in order to secure regulatory approval.
Gray TV buys Quincy Media
