Gray Media has finalized its acquisition of a group of local television stations previously owned by Allen Media Group, including Huntsville’s WAAY-TV, after receiving federal regulatory approval.
The company announced Friday that the acquisition closed in two phases: three stations transferred in late March following initial Federal Communications Commission approval, with the remaining seven stations completing the transfer process on May 1.
Announced last fall, the $171 million transaction includes 10 stations across multiple markets. The FCC initially approved the transfer of broadcast licenses for WLFI-TV in West Lafayette, Indiana; WTHI-TV in Terre Haute, Indiana; and WTVA in Tupelo, Mississippi, in March…