Gray Television closes $925 million Quincy Media acquisition

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ATLANTA – Gray Television  announced Monday that it has completed its acquisition of Quincy Media (QMI) and its divestment of ten QMI stations in the seven Gray/QMI overlap markets to Byron Allen’s Allen Media Broadcasting. As a result of these transactions, Gray has become the owner of 12 additional local television stations serving eight new markets, including WGEM TV/AM/FM in Quincy.

Acquisition Map

Gray Television has completed its acquisition of Quincy Media.
Gray Television has completed its acquisition of Quincy Media.

Gray now owns television stations serving 102 television markets that collectively reach 25.4 percent of US television households.

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