Gray sells divestiture stations from quincy media transaction to allen media for $380 million

Atlanta, april 29, 2021 (globe newswire) -- gray television, inc. (“gray”) (nyse: gtn) today reached an agreement to divest certain television stations currently owned by quincy media, inc. (“quincy”) to byron allen's allen media broadcasting, llc (“allen media”) for $380 million dollars in cash. allen media, which owns and operates local television stations in twelve markets, also owns 12 networks including the weather channel and the free-streaming service local now. allen media group was founded by byron allen in 1993.
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