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Gray Media Agrees to Purchase Two TV Stations for Under $2 Million
ByAinvest
Wednesday, Aug 13, 2025 3:44 pm ET1min read
Gray Media (GTN) agreed to purchase two TV stations, WLTZ and KJTV, for under $2 million. The company already provides back-office services to both stations and expects to complete the acquisitions in Q4 2025, pending regulatory approval. Gray Media is the largest owner of local TV stations in the US, operating in 113 markets that reach approximately 37% of US TV households.
Gray Media (GTN) has announced its latest acquisition, purchasing two television stations—WLTZ and KJTV—from SagamoreHill Broadcasting for a combined price under $2 million. The company, already providing back-office services to both stations, anticipates completing the acquisitions in the fourth quarter of 2025, pending regulatory approval.The acquisition of WLTZ, the NBC affiliate for the Columbus, Georgia, market (DMA 127), and KJTV, the FOX affiliate for the Lubbock, Texas, market (DMA 140), is part of Gray Media's ongoing strategy to strengthen its presence in key markets. This move follows a series of recent acquisitions, including the purchase of television stations from Block Communications and Allen Media Group.
Gray Media is the largest owner of local TV stations in the US, operating in 113 markets that reach approximately 37% of US TV households. With this acquisition, the company aims to further enhance its market presence and expand its local news, weather, and sports programming.
The transaction highlights Gray Media's commitment to growing its portfolio through strategic acquisitions and its ability to leverage existing infrastructure to support new stations. As the company continues to expand, it will likely face regulatory scrutiny, particularly regarding local ownership rules. However, the company's track record of successful acquisitions and regulatory compliance suggests that it is well-positioned to navigate these challenges.
References:
[1] https://graymedia.com/investor-relations/
[2] https://graymedia.com/investor-relations/
[3] https://graymedia.com/investor-relations/
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