Allen Media Group acquires seven stations from Gray TV for $380M

Byron Allen is making more mogul moves. His Allen Media Group is set to buy seven stations from Gray TV for $380M, it was announced by both parties on Thursday. Allen Media will acquire the stations as part of a divestment Gray was mandated to do once they acquired the assets of Quincy Media Inc., per Variety. The all-cash deal is for stations KVOA in Tucson, Arizona; WKOW in Madison, Wisconsin; WSIL in Paducah Kentucky; KWWL in Cedar Rapids, Iowa; WXOW in La Crosse, Wisconsin; WAOW in Wasau and Rhinelander Wisconsin; and WREX in Rockford, Illinois.