---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-26-015616"
form_type: "8-K"
ticker: "GTN"
cik: "0000043196"
company_name: "GRAY MEDIA, INC"
filed_at: "2026-05-07T23:59:59+00:00"
generated_at: "2026-05-14T22:11:53.786912+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Gray Media closes $171M station acquisition from Allen Media Group

## Summary
- 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.

## SEC filing metadata
- accession: 0001437749-26-015616
- form_type: 8-K
- ticker: GTN
- cik: 0000043196
- company_name: GRAY MEDIA, INC
- filed_at: 2026-05-07T23:59:59+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 2.01, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/43196/000143774926015616/0001437749-26-015616-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/43196/000143774926015616/gtn20260505c_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-26-015616
- JSON: https://secwatch.observer/filing/0001437749-26-015616.json
- Plain text: https://secwatch.observer/filing/0001437749-26-015616.txt

## Source-grounded claims
- claim_id: 49b83d57579ad125f758fec73b41a60eaa42f563
  claim: GRAY MEDIA, INC completed an acquisition involving Allen Media Group, Inc. for $115 million plus working capital adjustments (closed 2026-05-01).
  evidence_excerpt: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/43196/000143774926015616/0001437749-26-015616-index.htm
- claim_id: 772e97fcf0c55eb006224678f731b9c76eae5357
  claim: GRAY MEDIA, INC completed an acquisition involving Allen Media Group, Inc. for $56 million plus working capital adjustments (closed 2026-03-27).
  evidence_excerpt: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/43196/000143774926015616/0001437749-26-015616-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.