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Announced

Completed

Allen Media completed the acquisition of Quincy Media divestiture stations from Gray Television for $380m.

Financials

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Transaction Value£273m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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television broadcasting

Radio and TV Broadcasters

Majority

Single Bidder

United States

Domestic

Private

Acquisition

Friendly

Completed

Synopsis

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Allen Media, an American media and entertainment company, completed the acquisition of Quincy Media divestiture stations from Gray Television, an owner of local television stations and digital assets, for $380m. "We are thrilled to facilitate the transfer of these fine Quincy television stations to Byron Allen and Allen Media Group, who we are confident will continue the strong commitments to journalism and localism that have distinguished these stations under Quincy’s outstanding stewardship," Hilton H. Howell, Gray Executive Chairman and CEO.

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