Gray/Quincy Deal Closing Done as Allen Completes Spin Buy


If there ever was a man true to his words, Byron Allen is perhaps the best example of one who turns bold statements into big deals.

He’s stated that his Allen Media Group intends to invest impressive amounts of cash on broadcast TV station purchases. The first deal struck: 10 spinoff sales tied to Gray Television‘s blockbuster $950 million merger with Quincy Media, Inc.

AMG’s deal for those spins has just closed, coinciding with the completion of the Gray/Quincy deal.

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