On January 7, Illinois-based broadcast media operation Quincy Media Inc., owner of 24 over-the-air TV stations, confirmed that it was “considering” a sale of all of its assets. Less than one month later, a buyer emerged.
With today’s closing bell on Wall Street, the mega-deal was officially done. Gray Television is now the owner of the QMI stations not spun to Allen Media Group.
And, it formally marks the end of an era — and the leadership of Ralph Oakley.