Acquiring Company
Gray Media
Acquired Company
Allen Media Group
AtlantaBurbankAdvertisingMedia And EntertainmentSatellite CommunicationPublishingNewsDigital MediaBroadcastingMedia ProductionDescription
The FCC has approved Gray Media's acquisition of three television stations from Allen Media. This transfer includes WLFI-TV, WTHI-TV, and WTVA(TV). The approval is part of a larger $171 million deal that encompasses multiple markets. Gray Media aims to enhance its broadcasting presence through this acquisition.
Quick answer
Gray Media is acquiring Allen Media Group, announced March 23, 2026. Gray Media is based in Atlanta, Georgia, United States.
- How much did Gray Media pay for Allen Media Group?
- The deal value was not disclosed.
- What does Gray Media do?
- Gray Media Group, Inc. is a television broadcasting company that operates a portfolio of local television stations across the United States.
- Where are Gray Media and Allen Media Group based?
- Gray Media is based in Atlanta, Georgia, United States. Allen Media Group is based in Burbank, California, United States.
- Who are the decision-makers at Gray Media?
- Fundz holds 2 contacts at Gray Media. Names and contact details are shown to Fundz members.
Source: Fundz verified event record.
Other recent acquisitions in Advertising and Media And Entertainment
Deals where the buyer or target shares a sector with this one, within 45 days, from Fundz verified event records.
- Gray Media acquires Block Communications stations (May 7, 2026)
- Nexstar to acquire Tegna in major media merger (February 25, 2026)
- Nexstar completes $6.2 billion acquisition of Tegna, $6.2B (March 19, 2026)
- David Ellison to acquire CNN in major deal (May 6, 2026)
- Paxton Media Group acquires nine newspapers from CNI (April 1, 2026)
- Circle City Broadcasting acquires WRTV from Scripps (March 31, 2026)
Who to call at Gray Media, and when
When Gray Media changes hands, the new owners review vendors, systems and leadership. That is when the door opens.
- An alert the day Gray Media raises, hires an executive or expands, scored against what you sell
- The decision-makers there, with verified emails
- Who you already know at Gray Media, from your own LinkedIn network
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Related People
Frequently asked
Who acquired Allen Media Group?
Allen Media Group was acquired by Gray Media, based in Atlanta. The deal was reported on March 23, 2026. Gray Media Group, Inc. is a television broadcasting company that operates a portfolio of local television stations across the United States. Gray Media is publicly traded (GTN) and operates in Advertising.
When did Gray Media acquire Allen Media Group?
Gray Media's acquisition of Allen Media Group was reported on March 23, 2026. The FCC has approved Gray Media's acquisition of three television stations from Allen Media. This transfer includes WLFI-TV, WTHI-TV, and WTVA(TV). The approval is part of a larger $171 million deal that encompasses multiple markets. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does Allen Media Group do?
Chairman and CEO Byron Allen founded Allen Media Group/Entertainment Studios in 1993. Headquartered in Los Angeles, it has offices in New York, Chicago, Atlanta, and Charleston, SC. It is privately held, and is based in Burbank.
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