Allen Media Group completed the acquisition of WJRT-TV from Gray Television for $70m.

Allen Media Group, a media and entertainment company, completed the acquisition of WJRT-TV, the ABC affiliate for the Flint-Saginaw, Michigan, television market, from Gray Television, a television broadcasting company, for $70m. "We are delighted and very appreciative to Gray for working with us to add this wonderful local television station, WJRT-TV, and its great employees, to our fast-growing Allen Media Group family. Over the past two years, we've invested over $1 billion to acquire best-in-class, top-tier, broadcast network affiliates and we plan to invest approximately ten billion dollars to acquire more ABC, CBS, NBC, and FOX television stations with the goal of being the largest broadcast television group in America. All of our media assets will work in concert to amplify our free-streaming services, Local Now and theGrio," Byron Allen, Allen Media Group Founder, Chairman and CEO.