GRAY MEDIA, INC (GTN): M&A transaction — Gray Media closes $171M station acquisition from Allen Media Group

GRAY MEDIA, INC

Total purchase price of $171M plus working capital adjustments for 13 stations across multiple markets.
First tranche of 3 stations (WTVA, WTHI, WLFI) closed March 27, 2026 for $56M.
Second tranche of 10 stations (e.g., WAAY, WSIL, WEVV, WFFT, WCOV, WIYE, KADN, KLAF, WREX) closed May 1, 2026 for $115M.
Both acquisitions funded from Gray Media's available cash on hand.
SEC granted waiver under Rule 3-13; audited Statement of Assets Acquired to be filed within 71 days.

Key facts

Extracted from this filing and checked against the source text.

M&A Transactions SEC 8-K Item 2.01/5.01 confidence 0.9

GRAY MEDIA, INC completed an acquisition involving Allen Media Group, Inc. for $115 million plus working capital adjustments (closed 2026-05-01).

Action: acquisition
Counterparty: Allen Media Group, Inc.
Consideration: $115 million plus working capital adjustments
Closing: 2026-05-01

Exact text from the filing

On May 1, 2026, the Company acquired the assets of WAAY (ABC) in Huntsville, Alabama, WSIL (ABC) in Paducah, Kentucky, Cape Girardeau, Missouri, and Harrisburg, Illinois, WEVV (CBS/FOX) in Evansville, Indiana, WFFT (FOX) in Ft. Wayne, Indiana, WCOV (FOX) and WIYE (IND) in Montgomery, Alabama, KADN (FOX) and KLAF (NBC) in Lafayette, Louisiana, and WREX (NBC) in Rockford, Illinois (collectively, together with the Allen 3, the “Allen Media Stations”) from AMG for a purchase price of $115 million plus working capital adjustments, which was funded using the Company’s available cash on hand.

View on SEC.gov

M&A Transactions SEC 8-K Item 2.01/5.01 confidence 0.9

GRAY MEDIA, INC completed an acquisition involving Allen Media Group, Inc. for $56 million plus working capital adjustments (closed 2026-03-27).

Action: acquisition
Counterparty: Allen Media Group, Inc.
Consideration: $56 million plus working capital adjustments
Closing: 2026-03-27

Exact text from the filing

The Company had previously acquired all of the assets of WTVA (ABC/NBC) in Columbus-Tupelo, Mississippi, WTHI (CBS/FOX) in Terre Haute, Indiana, and WLFI (CBS) in West Lafayette, Indiana (collectively, the “Allen 3”) from AMG on March 27, 2026, for a purchase price of $56 million plus working capital adjustments, which was funded using the Company’s available cash on hand.

View on SEC.gov

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GRAY MEDIA, INC filing history →

Source: SEC EDGAR

accession 0001437749-26-015616

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