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Gray Media acquires WAAY and WAFF stations

PUBLIC · GTNSep 03, 20261 day ago

Acquiring Company

Gray Media

Acquired Company

WAAY

AtlantaHuntsvilleMedia And EntertainmentSatellite CommunicationNewsDigital MediaBroadcastingNews

Description

Gray Media has completed the acquisition and merger of WAAY with WAFF in Huntsville, Alabama. Following the announcement, local anchor Chris Tatum decided to leave his position at WAAY to pursue his own media strategy venture. Tatum emphasized that his departure was entirely his decision, and he is excited about his new entrepreneurial journey.

Company Information

Company

Gray Media

Location

Atlanta, Georgia, United States

About

Gray Media, Inc. is a television broadcasting company that operates and provides content to television stations across the United States. It focuses on news programming, sports broadcasting, and community engagement. Gray Media aims to strengthen local communities through enhanced media presence.

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M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed

Frequently asked

Who acquired WAAY?

WAAY was acquired by Gray Media, based in Atlanta. The deal was reported on September 3, 2026. Gray Media, Inc. is a television broadcasting company that operates and provides content to television stations across the United States. It focuses on news programming, sports broadcasting, and community engagement. Gray Media is publicly traded (GTN) and operates in Media And Entertainment.

When did Gray Media acquire WAAY?

Gray Media's acquisition of WAAY was reported on September 3, 2026. Gray Media has completed the acquisition and merger of WAAY with WAFF in Huntsville, Alabama. Following the announcement, local anchor Chris Tatum decided to leave his position at WAAY to pursue his own media strategy venture. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.

What does WAAY do?

WAAY is a local television station serving Huntsville, Alabama, providing news, weather, and sports coverage to the surrounding area. The station is dedicated to delivering accurate and timely information to its viewers. It is privately held, operating in News, and is based in Huntsville.

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