Gray Media Closes $171M Station Deals, Restores 226 Channels on DISH
Gray Media and Allen Media Group closed station acquisitions for $171 million, adding stations in three new markets on March 26 and seven overlap markets. Gray Media also secured a multi-year carriage agreement with DISH Network restoring 226 local channels across 113 U.S. markets.
1. Station Acquisition Closure
Gray Media and Allen Media Group completed their previously announced station transactions for a total purchase price of $171 million plus working capital adjustments.
2. Market Expansion Details
The deal added stations in three new markets on March 26 and finalized acquisitions in seven overlap markets, expanding Gray Media's local station portfolio.
3. DISH Carriage Agreement
Gray Media secured a multi-year carriage agreement with DISH Network restoring 226 local channels across 113 U.S. markets, ensuring continued distribution of ABC, CBS, FOX, NBC, CW, MyNetworkTV and Telemundo to Dish subscribers.